Bitcoin
BTC$16 815.91

2.46%

Ethereum
ETH$1 262.81

4.49%

Tether
USDT$0.999941

0.02%

Binance Coin
BNB$298.40

-0.55%

USD Coin
USDC$0.999977

-0.02%

Binance USD
BUSD$1.000510

0.01%

Frax (FRAX) Price, Market Cap and Information


Frax (FRAX) Buy Frax Now
Frax (FRAX) The Frax Protocol is the first fractional-algorithmic stablecoin system. Frax is open-source, permissionless, and entirely on-chain – currently implemented on Ethereum (with possible cross chain implementations in the future)...
CVIX 1
Current price $0.992008
Change 24h -0.09%
Change 7d 0.12%
Market Cap $1 012 172 980
Available supply 1 020 327 327 FRAX
Volume 24h $5 764 088
Updated Wednesday, November 30, 2022 2:00:03PM UTC
Nature Coin
Mineable No
Discussion
WWW Website

Frax price change 24 hours

Frax Short Term Forecast

After Price Change
1 day $0.988908 -0.31%

Frax Price Predictions

Frax General Information

General FRAX facts, technical details and Frax Cryptocurrency information

The Frax Protocol is the first fractional-algorithmic stablecoin system. Frax is open-source, permissionless, and entirely on-chain – currently implemented on Ethereum (with possible cross chain implementations in the future). The end goal of the Frax protocol is to provide a highly scalable, decentralized, algorithmic money in place of fixed-supply digital assets like BTC. The protocol incorporates the following concepts:

Fractional-Algorithmic – Frax is a unique stablecoin with parts of its supply backed by collateral and parts of the supply algorithmic. The ratio of collateralized and algorithmic depends on the market's pricing of the FRAX stablecoin. If FRAX is trading at above $1, the protocol decreases the collateral ratio. If FRAX is trading at under $1, the protocol increases the collateral ratio.

Decentralized & Governance-minimized – Community governed and emphasizing a highly autonomous, algorithmic approach with no active management. Fully on-chain oracles – Frax v1 uses Uniswap (ETH, USDT, USDC time-weighted average prices) and Chainlink (USD price) oracles.

Two Tokens – FRAX is the stablecoin targeting a tight band around $1/coin. Frax Shares (FXS) is the governance token which accrues fees, seigniorage revenue, and excess collateral value.

Before Frax, stablecoins were divided into three different categories: fiat collateralized, overcollateralized with cryptocurrency, and algorithmic with no collateral. Frax is the first kind of decentralized stablecoin to classify itself as fractional-algorithmic ushering in the 4th and most unique category.

Frax Historical Data – 10 days

Date Open, $ Min, $ Max, $ Market cap, $
Nov 21 0.988979 0.984160 0.996421 1 172 063 034
Nov 22 0.995252 0.991601 1.002245 1 172 505 500
Nov 23 0.995108 0.991413 0.999118 1 174 181 952
Nov 24 1.000429 0.987298 1.000429 1 173 194 898
Nov 25 0.996104 0.987915 0.998211 1 170 082 061
Nov 26 0.994716 0.988167 0.999555 1 170 005 333
Nov 27 0.992761 0.991842 0.999543 1 177 289 540
Nov 28 0.991851 0.985298 1.001403 1 022 239 749
Nov 29 0.996810 0.992473 1.001527 1 016 691 989
Nov 30 0.992627 0.992008 1.000945 1 012 172 980

FRAX/USD Price Charts

FRAX to USD price chart – 7 days
FRAX to USD price chart – 30 days
FRAX to USD price chart – 60 days
FRAX to USD price chart – 6 months

* Crypto Rating accepts no liability for any errors in the Frax information, FRAX Prices and FRAX's Market Cap. For the most up-to-date prices please visit the Frax's official website.

Top Cryptocurrencies with Price Predictions

# Crypto Prediction Accuracy CVIX Price 24h 7d Market Cap 7d price change
1 Bitcoin (BTC) BTC Bitcoin predictions 61.2% 80 $16 815.91 2.46% 2.22% $323 213 771 261 BTC 7 days price change
2 Ethereum (ETH) ETH Ethereum predictions 64.8% 79 $1 262.81 4.49% 8.80% $154 535 308 538 ETH 7 days price change
3 Tether (USDT) USDT Tether predictions 92.8% 1 $0.999941 0.02% 0.09% $65 358 819 507 USDT 7 days price change
4 Binance Coin (BNB) BNB Binance Coin predictions 66.4% 67 $298.40 -0.55% 0.49% $47 735 233 591 BNB 7 days price change
5 USD Coin (USDC) USDC USD Coin predictions 91.6% 1 $0.999977 -0.02% -0.02% $43 305 374 728 USDC 7 days price change
6 Binance USD (BUSD) BUSD Binance USD predictions 91.6% 1 $1.000510 0.01% 0.08% $22 176 670 935 BUSD 7 days price change
7 XRP (XRP) XRP XRP predictions 68.8% 66 $0.402021 2.91% 7.66% $20 217 649 686 XRP 7 days price change
8 Dogecoin (DOGE) DOGE Dogecoin predictions 58.4% 85 $0.104544 2.73% 30.58% $13 869 988 356 DOGE 7 days price change
9 Cardano (ADA) ADA Cardano predictions 59.6% 81 $0.313452 1.39% 0.62% $10 795 931 462 ADA 7 days price change
10 Lido stETH (STETH) STETH Lido stETH predictions 95.6% 1 $2 941.39 -0.40% -3.32% $10 258 752 564 STETH 7 days price change
11 Polygon (MATIC) MATIC Polygon predictions 63.6% 72 $0.866314 4.01% 2.62% $7 566 657 745 MATIC 7 days price change
12 Polkadot (DOT) DOT Polkadot predictions 69.6% 67 $5.37 2.22% 0.69% $6 126 105 270 DOT 7 days price change
13 Dai (DAI) DAI Dai predictions 90.8% 1 $0.999600 0% 0.02% $5 652 893 809 DAI 7 days price change
14 Litecoin (LTC) LTC Litecoin predictions 62% 74 $77.93 2.83% -0.18% $5 589 341 445 LTC 7 days price change
15 Wrapped TRON (WTRX) WTRX Wrapped TRON predictions 68.8% 66 $0.053825 0.77% 5.80% $5 472 681 192 WTRX 7 days price change

News, Promo

BTC
Bitcoin’s bottom might be below $15.5K, but data shows some traders turning bullish

Bitcoin whales and market makers continue to add to their leverage long positions, even though it’s unclear whether $15,500 was the final bottom. BTC bears have been in control since...

29 Nov 2022
MANA
NFT pricing strategy: How to price your NFTs?

NFTs can be fixed-priced or sold during an auction. However, creators should consistently sell to demonstrate a proof-of-concept to boost the NFT’s floor price...

28 Nov 2022
BTC
Copy Trading Strategies: How to Start Successful Copy Trading

To be a successful copy trader, you need to understand quite a bit of nuance and things to ensure that it is the profitable venture you are hoping for...

25 Nov 2022
BTC
Institutional investors are buying through crypto winter

Institutional investors continue to see the long-term potential of crypto and have been loading their bags throughout the year, according to a survey. A survey of institutional investors suggests...

24 Nov 2022
UNI
Uniswap’s new privacy policy sees backlash from decentralization buffs

Uniswap newly released privacy policy comes in light of the FTX crisis, an event that has shined a spotlight on the need for transparency. Decentralized exchange (DEX) Uniswap recently...

23 Nov 2022
ETH
Ether staking withdrawal schedule removal faces harsh criticism

Twitter users called out the removal of the ETH staking timeframe and with one describing staked ETH as a “non-redeemable” investment. Days after Ethereum turns deflationary...

17 Nov 2022

Be the first to receive Cryptocurrency Price Predictions and Forecasts daily

Get cryptocurrency price predictions, forecasts with analysis and news right to your inbox.

© 2015-2022 Crypto-Rating.com

The usage of this website constitutes acceptance of the following legal information. Any contracts of financial instruments offered to conclude bear high risks and may result in the full loss of the deposited funds. Prior to making transactions one should get acquainted with the risks to which they relate. All the information featured on the website, including information about the cryptocurrencies and bitcoin is intended solely for informational purposes, is not a means of advertising them, and doesn't imply direct instructions for investing. Crypto Rating shall not be liable for any loss, including unlimited loss of funds, which may arise directly or indirectly from the usage of this information. The editorial staff of the website does not bear any responsibility whatsoever for the content of the comments or reviews made by the site users about cryptocurrencies. The entire responsibility for the contents rests with the authors. Reprint of the materials is available only with the permission of the editorial staff.