Legacy Frax Dollar
About Legacy Frax Dollar
Frax Finance is a decentralized finance platform that issues the FRAX stablecoin. They ensure the value of FRAX by employing an algorithmic approach using fractional collateral reserves. The collateral used in Frax is split between approved assets (such as Ethereum) and their governance token, FXS. The collateralization ratio for FRAX is dynamically adjusted based on its price.
In the last hour, Legacy Frax Dollar's price has seen a change of +0.84%, and over the past 24 hours, its price has moved by -3.61%. Over the previous week, Legacy Frax Dollar's price has moved by -13.84%. The current price of Legacy Frax Dollar is ₺12.45, accompanied by a trading volume of 17.56M in the last day. Legacy Frax Dollar's price is currently 88.33% below its all-time high of ₺106.65, which remains the highest price Legacy Frax Dollar has achieved since its launch. The circulating supply of Legacy Frax Dollar stands at 93.62M, translating to a total market capitalization of 1.166B.
Market stats
Frequently asked questions
What is a Legacy Frax Dollar wallet?
A Legacy Frax Dollar wallet is where you can securely store Legacy Frax Dollar. A wallet helps you maintain ownership of your asset as well as enable you to trade, send or receive crypto-assets.
What is a Legacy Frax Dollar address?
A Legacy Frax Dollar address is a string of unique characters that is tied to your Legacy Frax Dollar wallet. The address functions just like a bank account number and it is what you use in order to send Legacy Frax Dollar from your wallet, or to receive Legacy Frax Dollar to your wallet.
What are the most popular cryptocurrencies besides Legacy Frax Dollar?
Besides Legacy Frax Dollar, you can find over 150 assets available on Rain for you to start trading such as Bitcoin (BTC), Ethereum (ETH), Solana (SOL), USDC, Ripple (XRP), DOGE, Tether (USDT), Chainlink (LINK) or BCH. You can explore these options by going to the homepage of your account and scrolling through the available assets. When you are ready to start trading, simply click on the asset of your choice and click Trade.
What will the price of Legacy Frax Dollar be in next 5 years?
Price predictions for Legacy Frax Dollar over the next five years are highly speculative and depend on crypto market conditions, adoption, and broader crypto trends. We encourage you to do your own research and make informed decisions.
Is trading Legacy Frax Dollar taxable?
Trading Legacy Frax Dollar may be considered taxable in some countries with varying tax rules, so we recommend checking with your local tax authority or financial advisor for specific guidance.
What is Legacy Frax Dollar's ATH?
Legacy Frax Dollar’s all-time high (ATH) was ₺ 106.65 on 16 Nov 2021. This represents the highest recorded market price of the asset to date.
When will Legacy Frax Dollar be available on Rain?
We’re always working to expand our listed assets. While we can not provide a specific listing date for Legacy Frax Dollar just yet, stay tuned for updates by following us on our official social channels like X.
What is the market cap of Legacy Frax Dollar?
With a market capitalization of 1.166B, Legacy Frax Dollar is ranked 311 among other crypto assets.
What is the all-time high of Legacy Frax Dollar?
The highest valuation of Legacy Frax Dollar since its launch was at ₺106.65, marking its all-time high.
What is the 24-hour trading volume of Legacy Frax Dollar?
The trading activity of Legacy Frax Dollar over the last 24 hours was at 17.56M, highlighting its liquidity in the market.
How many Legacy Frax Dollar are there in circulation?
There are approximately 93.62M units of Legacy Frax Dollar currently in circulation, affecting its market dynamics.
What is the relative popularity of Legacy Frax Dollar?
Legacy Frax Dollar market cap is around 1.166B.
When was Legacy Frax Dollar created?
Legacy Frax Dollar was introduced on 21 Dec 2020.
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