Frax (FRAX) is a cryptocurrency that aims to replace the certificate of deposit as a form of savings based on the blockchain. Frax is an ERC20 token that operates on the Ethereum network. Frax is designed to encourage behaviors that favor price increases and discourage those that harm it. Frax’s main mechanism is staking, i.e. the locking of tokens for a fixed period of time in exchange for a share of the new Frax issue, or inflation.
Frax’s smart contract penalizes stakers who end their stakes ahead of time and rewards those who hold larger amounts of Frax for longer periods. Frax was launched on December 2, 2019 by Richard Heart
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When will it reach 1 dollar?
Frax already reached the value of 1 dollar on November 16, 2021, when it registered its all-time high of 0.5161 euros. Since then, the price of Frax has fluctuated several times, with an average of around 0.08 euros. At the time of writing, the price of Frax is around 0.07 euros. It is not possible to predict with certainty when Frax will reach 1 dollar again, as its price depends on various factors, such as supply and demand, market conditions, news and events related to the protocol and the cryptocurrency sector. However, we can make some assumptions based on historical trends and forecasts from some experts and websites. According to them, Frax could reach 1 dollar by the end of 2025 or the beginning of 2026, if it continues to grow at the current rate and if there are no negative shocks
When will it reach 10 dollars?
To reach 10 dollars, Frax would have to increase its price by more than 14000% compared to its current value. This is a very ambitious goal, which would require a strong expansion of the protocol, greater adoption and use by users, greater innovation and competitiveness in the cryptocurrency sector, and regulation favorable to cryptocurrencies. Some sources believe that Frax could reach 10 dollars by 2030, while others are more cautious or
When will it reach 100 dollars?
To reach 100 dollars, Frax would have to increase its price by more than 140,000% compared to its current value. This is an almost unrealistic goal, which would require a revolution in the world of cryptocurrencies and an exponential growth of the Frax protocol. At the moment, no source predicts that Frax could reach 100 dollars in the foreseeable future
When will it reach 1000 dollars?
To reach 1000 dollars, Frax would have to increase its price by more than 1,400,000% compared to its current value. This is a practically impossible goal, which would require a radical transformation of the cryptocurrency market and technology. At the moment, no source predicts that Frax could reach 1000 dollars in the near or distant future
Is it considered a good investment?
Frax is considered by many to be a good investment, as it is a cryptocurrency that offers some additional features, such as integration with DeFi applications, with a high potential for growth and value generation. However, as with any cryptocurrency investment, there are also risks and challenges, such as volatility, competition, security, regulation, and uncertainty. Therefore, before investing in Frax, it is advisable to do extensive research, evaluate your objectives and risk tolerance, and diversify your portfolio
Price forecasts from 2024 to 2030
Here is a table that summarizes Frax’s price forecasts for the coming years, according to some sources: