{"id":442721,"date":"2023-09-26T14:36:07","date_gmt":"2023-09-26T14:36:07","guid":{"rendered":"https:\/\/insidebitcoins.com\/?p=442721"},"modified":"2023-09-26T14:36:07","modified_gmt":"2023-09-26T14:36:07","slug":"frax-share-price-prediction-fxs-rises-4-a-balance-of-stability-and-growth","status":"publish","type":"post","link":"https:\/\/insidebitcoins.com\/news\/frax-share-price-prediction-fxs-rises-4-a-balance-of-stability-and-growth","title":{"rendered":"Frax Share Price Prediction: FXS Rises 4% \u2013 A Balance Of Stability and Growth?"},"content":{"rendered":"

Frax Share (FXS) is one of the coins leading gains among top-cap cryptocurrencies after rallying more than 3% over the last 24 hours to trade just above $5.73.<\/span><\/p>\n

It has gained about 8% over the last seven days, rising as much as 22% to today’s intraday high of $5.81.<\/span><\/p>\n

This uptick is accompanied by a leap in trading volume, which is up 24% to $16 million on the day. Its live market cap now stands at $424.9 million, placing it at #75 on the CoinMarketCap ranking.<\/span><\/a><\/span><\/p>\n

Top Gainers Today<\/b><\/span><\/p>\n

\"Top<\/a>
Source<\/strong>: CoinMarketCap<\/em><\/figcaption><\/figure>\n

The latest bullish streak displayed by FXS<\/a> has been attributed to the launch of FraxV3. As a result, there has been a<\/span> growing demand for Frax Share on the blockchain. <\/span><\/p>\n

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@fraxfinance<\/a> is building it's own L2 – #Fraxchain<\/a> which is going to use frxETH as gas fees –> burning the frxETH supply and boosting yield
– #FraxV3<\/a> is set go go live this week introducing FraxBonds – FXBs
What is this and why it's important?👇 pic.twitter.com\/1lMmx0TU5X<\/a><\/p>\n

— Bogdaanpustovar (@Bojo0x) September 25, 2023<\/a><\/p><\/blockquote>\n