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- 1 The FXS token may attain a maximum price of $48.39 by the end of financial year 2028.
- 2 The technical indicators suggest a bullish outlook above the 50-day EMA.
Frax Share cryptocurrency is the first fractional algorithmic stablecoin system. It is an open source, permissionless, and on chain implemented on Ethereum. It uses both collateral and algorithms to keep prices close to $1.
It has two tokens “FRAX” which is the stablecoin and “FXS” which is the governance token. Moreover, FRAX is different from other stablecoins because it can adjust its collateral ratio according to the market demand.
The daily FXS/USD chart illustrates the price summing an accumulation near the recent swing high. The price seems to be volatile and hover in a range with the support zone near the $8 and the 50-day EMA.
On the contrary, the bears are active near the round level of $10 and trying to push the price lower.
Moreover, the trend analysis showcases that the FXS price exhibits a long term positive trend. The price is expected to resume its long term trend if it breaks further. Moreover, the EMAs show a bullish crossover suggesting further upside potential.
The volume analysis shows that the trading volume dropped by 0.62% and reached $56.82 Million in the past 24 hours. The FXS crypto ranks 93rd among the top cryptos with a live market cap of $677.637 Million. The volume-to-market cap ratio is 8.28 indicating low volatility.
Frax Share Price Prediction 2023
The price prediction for 2023 showcases a neutral outlook in the short term. The FXS price may therefore range between $10 as the high price and $8 as the low price.
Frax Share Price Prediction 2024
The most optimistic price prediction of analysts assumes an advancement to $16.41 suggesting an upside potential of 85.09. The minimum price target that the FXS crypto may achieve by the year end is $12.406.
Frax Share Price Prediction 2025
Over the next three years, the optimistic view of analysts expects that the FXS price may reach a high of $24.11. The minimum forecasted price by the end of 2025 is $17.927.
Frax Share Price Prediction 2026
The Frax share cryptocurrency price may reach a high of $32.980 if an optimistic trend prevails in the crypto market. On the flip side, the pessimistic view of the analysts expects the price to reach $24.63 by 2026.
Frax Share Price Prediction 2027
As per our analysts, the most optimistic price prediction for Frax share crypto assumes the price to reach a high of $37.8. On the contrary, the least price target of the analysts is $29.39.
Frax Share Price Prediction 2028
The price prediction for the next five years is optimistic and may attain a high of $48.39 by the end of year 2028. The minimum price target that the Frax share cryptocurrency may reach is $38.77.
Disclaimer
The views and opinions stated by the author, or any people named in this article, are for informational purposes only and do not establish financial, investment, or other advice. Investing in or trading crypto or stock comes with a risk of financial loss.
Steefan George is a crypto and blockchain enthusiast, with a remarkable grasp on market and technology. Having a graduate degree in computer science and an MBA in BFSI, he is an excellent technology writer at The Coin Republic. He is passionate about getting a billion of the human population onto Web3. His principle is to write like “explaining to a 6-year old”, so that a layman can learn the potential of, and get benefitted from this revolutionary technology.
