Reason Frax (FXS) shares soar 35% in one week

The Frax Share (FXS) token is up a whopping 35% in the past seven days, making it one of the top performers in the stagnant cryptocurrency market.

In just the last 24 hours, the cryptocurrency has gained over 16% and is trading at just $7 at the time of writing.

  • FXS has been a success story this week in terms of overall price performance, second only to Huobi Token (HT), up around 35%.
  • Frax’s share price is also up more than 50% spread over two weeks.
Source: Binance via TradingView

  • One possible reason for this could be the fact that Frax Finance – the network behind FXS – will launch a floating stake protocol for its users.

Soon Frax Finance will release frxETH. Ethereum’s return on stake is such a large and sustainable source of revenue that we are on the verge of witnessing an explosion of ETH tokens. – hung user.

  • In a recent tweet, Frax Finance also revealed it Frax . protocol mainnet blocks already created.

In case you missed it, Frax Protocol actually creates master blocks! Get ready for the most interesting ETH liquid stock derivatives released by a major issuer of stablecoin.

The Reason Frax Shares (FXS) post with 35% per week debut appeared on CryptoPotato.

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