Frax (FRAX) traded 0.3% lower against the dollar during the 24-hour period ending at 22:00 PM Eastern on April 28th. Frax has a market capitalization of $2.69 billion and approximately $36.30 million worth of Frax was traded on exchanges in the last 24 hours. Over the last week, Frax has traded 0.3% lower against the dollar. One Frax coin can currently be purchased for about $1.00 or 0.00002509 BTC on popular exchanges.
Here is how other cryptocurrencies have performed over the last 24 hours:
- Tether (USDT) traded down 0% against the dollar and now trades at $1.00 or 0.00002516 BTC.
- XRP (XRP) traded 1.1% lower against the dollar and now trades at $0.64 or 0.00001618 BTC.
- Polkadot (DOT) traded down 0.1% against the dollar and now trades at $16.92 or 0.00042580 BTC.
- Shiba Inu (SHIB) traded 1% lower against the dollar and now trades at $0.0000 or 0.00000000 BTC.
- Lido stETH (STETH) traded down 0.6% against the dollar and now trades at $2,947.45 or 0.07417648 BTC.
- Lido Staked ETH (stETH) traded up 2.3% against the dollar and now trades at $2,928.17 or 0.07367738 BTC.
- Wrapped TRON (WTRX) traded 1.1% higher against the dollar and now trades at $0.0640 or 0.00000161 BTC.
- ApeCoin (APE) traded up 12.7% against the dollar and now trades at $21.65 or 0.00054467 BTC.
- EarnX (EARNX) traded up 396,248.3% against the dollar and now trades at $0.0008 or 0.00000002 BTC.
- stETH (Lido) (STETH) traded flat against the dollar and now trades at $3,479.19 or 0.06807369 BTC.
According to CryptoCompare, “Frax attempts to be the first stablecoin protocol to implement design principles of both to create a highly scalable, trustless, extremely stable, and ideologically pure on-chain money. The Frax protocol is a two token system encompassing a stablecoin, Frax (FRAX), and a governance token, Frax Shares (FXS). The protocol also has pool contracts which hold collateral (at genesis USDT and USDC). Pools can be added or removed with governance. “
Buying and Selling Frax
It is usually not currently possible to buy alternative cryptocurrencies such as Frax directly using U.S. dollars. Investors seeking to acquire Frax should first buy Ethereum or Bitcoin using an exchange that deals in U.S. dollars such as Changelly, Gemini or GDAX. Investors can then use their newly-acquired Ethereum or Bitcoin to buy Frax using one of the exchanges listed above.
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