Frax Price Index Share (FPIS) Self Reported Market Cap Reaches $30.77 Million

Frax Price Index Share (FPIS) traded 27.2% higher against the U.S. dollar during the 24-hour period ending at 9:00 AM Eastern on December 4th. Frax Price Index Share has a total market capitalization of $30.77 million and approximately $23,308.87 worth of Frax Price Index Share was traded on exchanges in the last 24 hours. One Frax Price Index Share token can now be purchased for approximately $0.99 or 0.00001034 BTC on exchanges. In the last seven days, Frax Price Index Share has traded up 41.1% against the U.S. dollar.

Here’s how other cryptocurrencies have performed in the last 24 hours:

• 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 down 2.2% 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 down 2.2% against the dollar and now trades at $2.75 or 0.00010076 BTC.
• SolvBTC (SOLVBTC) traded 2.2% higher against the dollar and now trades at $95,787.02 or 0.99438302 BTC.
• SolvBTC.BBN (SOLVBTC.BB) traded up 1.6% against the dollar and now trades at $95,638.52 or 0.99284141 BTC.
• Lumi Credits (LUMI) traded up 8.9% 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 was first traded on April 9th, 2022. Frax Price Index Share’s total supply is 99,540,925 tokens and its circulating supply is 31,009,692 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).”

Frax Price Index Share Token Trading

It is usually not presently 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 Gemini, Coinbase or Changelly. 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