Frax Price Index Share (FPIS) Price Tops $0.34 on Major Exchanges

Frax Price Index Share (FPIS) traded down 11.5% against the U.S. dollar during the one day period ending at 21:00 PM ET on November 4th. One Frax Price Index Share token can now be purchased for approximately $0.34 or 0.00000504 BTC on major cryptocurrency exchanges. Frax Price Index Share has a market capitalization of $10.32 million and approximately $7,066.37 worth of Frax Price Index Share was traded on exchanges in the last day. Over the last seven days, Frax Price Index Share has traded down 17.8% against the U.S. dollar.

Here’s how related cryptocurrencies have performed over 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 2.2% lower 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 2.2% lower against the dollar and now trades at $2.75 or 0.00010076 BTC.
• Lumi Credits (LUMI) traded 8.9% higher against the dollar and now trades at $0.0162 or 0.00000027 BTC.
• SolvBTC (SOLVBTC) traded down 1.3% against the dollar and now trades at $67,901.23 or 0.99902305 BTC.
• SolvBTC.BBN (SOLVBTC.BB) traded 0.9% lower against the dollar and now trades at $67,854.41 or 0.99833419 BTC.
• AXIA Coin (AXC) traded 0.1% lower 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 30,185,551 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 purchase alternative cryptocurrencies such as Frax Price Index Share directly using US dollars. Investors seeking to trade Frax Price Index Share should first purchase Bitcoin or Ethereum using an exchange that deals in US dollars such as Coinbase, GDAX or Gemini. Investors can then use their newly-acquired Bitcoin or Ethereum to purchase Frax Price Index Share using one of the exchanges listed above.

FPIS/USD price chart by TradingView