Frax Price Index Share Price Reaches $0.50 (FPIS)

Frax Price Index Share (FPIS) traded 6.6% lower against the US dollar during the 24-hour period ending at 10:00 AM E.T. on November 14th. Frax Price Index Share has a total market cap of $15.33 million and $10,880.41 worth of Frax Price Index Share was traded on exchanges in the last day. One Frax Price Index Share token can now be bought for about $0.50 or 0.00000559 BTC on cryptocurrency exchanges. During the last week, Frax Price Index Share has traded 32.3% higher against the US dollar.

Here’s how other cryptocurrencies have performed during the last day:

• Aidi Finance (BSC) (AIDI) traded down 2.2% against the dollar and now trades at $0.0000 or 0.00000000 BTC.
• Zoo Token (ZOOT) traded down 2.2% against the dollar and now trades at $0.0652 or 0.00000239 BTC.
• CareCoin (CARES) traded 2.2% lower against the dollar and now trades at $0.0809 or 0.00000297 BTC.
• Hokkaidu Inu (HOKK) traded up 1.2% against the dollar and now trades at $0.0004 or 0.00000001 BTC.
• Jeff in Space (JEFF) traded 2.2% lower against the dollar and now trades at $2.75 or 0.00010076 BTC.
• SolvBTC.BBN (SOLVBTC.BB) traded 1.9% higher against the dollar and now trades at $90,795.54 or 0.99463611 BTC.
• SolvBTC (SOLVBTC) traded up 1.8% against the dollar and now trades at $90,779.74 or 0.99446309 BTC.
• Lumi Credits (LUMI) traded 8.9% higher against the dollar and now trades at $0.0162 or 0.00000027 BTC.
• AXIA Coin (AXC) traded down 0.1% against the dollar and now trades at $13.43 or 0.00048094 BTC.

Frax Price Index Share Token Profile

Frax Price Index Share’s genesis date was April 9th, 2022. Frax Price Index Share’s total supply is 99,540,925 tokens and its circulating supply is 30,485,706 tokens. Frax Price Index Share’s official website is app.frax.finance. Frax Price Index Share’s official Twitter account is @fraxfinance and its Facebook page is accessible here.

According to CryptoCompare, “Frax is a fractional-algorithmic stablecoin protocol. Frax is open-source, permissionless, and entirely on-chain – currently implemented on Ethereum and 12 other chains. 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 Frax ecosystem has 2 stablecoins: FRAX (pegged to the US dollar) & FPI (pegged to the Consumer Price Index).”

Buying and Selling Frax Price Index Share

It is usually not possible to buy alternative cryptocurrencies such as Frax Price Index Share directly using U.S. dollars. Investors seeking to trade Frax Price Index Share should first buy Bitcoin or Ethereum using an exchange that deals in U.S. dollars such as Changelly, Gemini or Coinbase. Investors can then use their newly-acquired Bitcoin or Ethereum to buy Frax Price Index Share using one of the aforementioned exchanges.

FPIS/USD price chart by TradingView