Frax Price Index Share (FPIS) Trading 11.9% Higher This Week

Frax Price Index Share (FPIS) traded down 0.4% against the U.S. dollar during the 1-day period ending at 7:00 AM ET on August 25th. During the last seven days, Frax Price Index Share has traded up 11.9% against the U.S. dollar. Frax Price Index Share has a total market capitalization of $15.31 million and approximately $11,875.83 worth of Frax Price Index Share was traded on exchanges in the last day. One Frax Price Index Share token can currently be bought for approximately $0.53 or 0.00000837 BTC on major cryptocurrency exchanges.

Here is how similar 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 down 2.2% against the dollar and now trades at $0.0809 or 0.00000297 BTC.
• Hokkaidu Inu (HOKK) traded 1.2% higher 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.
• 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.
• MVP Coin (MVP) traded 5.3% higher against the dollar and now trades at $0.0592 or 0.00000093 BTC.
• P2P Solutions foundation (P2PS) traded 0.8% lower against the dollar and now trades at $157.91 or 0.00246870 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 100,000,000 tokens and its circulating supply is 28,637,554 tokens. Frax Price Index Share’s official Twitter account is @fraxfinance and its Facebook page is accessible here. The official website for Frax Price Index Share is app.frax.finance.

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 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, Changelly or GDAX. Investors can then use their newly-acquired Bitcoin or Ethereum to buy Frax Price Index Share using one of the exchanges listed above.

FPIS/USD price chart by TradingView