Frax Shares to Ethereum correlation
Experts suggest that FXS and ETH have a strong relationship with each other and correlated. Whenever there is a change in the price of FXS then ETH also tends to follow the same pattern and move together.
Live Frax Share Price Change and Market Cap
Today, 1 FXS is worth 0$. From the Frax Share price chart, we can see that the 24-hour change is 0.00%. Its circulating supply is 0 FXS and the market capitalization today is $0. In the previous 24 hours, the Frax Share price reached a maximum price of 0$ and a minimum price of 0$.
Frax Share Price Prediction
Frax Share token reached its historic maximum price of $42.67 on April 3, 2022. $1.52 is its all-time low, observed on June 25, 2021. As of August 2023, it is 86% down from the ATH and 292% up from the all-time low.
The outlook on FXS is mildly optimistic. In 2023, the FXS price forecast is $13.46 maximum. By 2025, FXS is expected to rise to $46.04 US dollars. A 2030 price prediction for Frax Share gives a lower target at $42.21.
FXS to ETH exchange margin
Considering today’s exchange rate, 1 FXS to ETH transaction would result in an output of 0$.
How to convert FXS to ETH
Frax Shares and Ethereum comparison
Frax Share (FXS) is a decentralized algorithmic stablecoin designed to maintain a stable value through a combination of collateralized and algorithmic mechanisms. It is the governance token of the Frax protocol, allowing users to participate in decision-making and earn rewards by staking their FXS tokens.
Ethereum was launched in 2014 by Vitalik Buterin. It is an open-source blockchain network with a major emphasis on smart contracts. For the starters, smart contracts are pieces of code which automatically processes the transactions once the preset conditions are met. Ethereum is often praised as the Second Generation of blockchain. Ether is the native cryptocurrency of the Ethereum blockchain.
What is Frax Share (FXS)?
Frax Share (FXS) is a cryptocurrency that is part of the Frax ecosystem, which includes the stablecoin Frax (FRAX). FXS is a governance token that allows holders to participate in decision-making and earn rewards. It is designed to stabilize the value of FRAX by implementing an algorithmic mechanism that adjusts the supply of FXS based on demand. Holders can stake FXS in the Frax DAO to earn fees and voting power. With its unique approach to stability and governance, Frax Share aims to provide a decentralized and community-driven stablecoin solution in the cryptocurrency market.
Frax Shares to Ethereum price details
FXS to ETH Conversion Rate and Price
Currently, the conversion rate for 1 FXS equals to 0$. The 24-hour highest price of Frax Shares in relation to ETH was 0$ and the lowest was 0$. In short, FXS price in relation to ETH changed by 0.00%.
Instantly Exchange FXS to ETH
On ChangeHero you can instantly exchange Frax Shares to Ethereum without signup. You can easily convert FXS to ETH in a few clicks without worrying about the rates and fees. ChangeHero offers both Best Rate and Fixed Rate for your FXS - ETH exchange.
FXS to ETH Best Rate Exchange
For this type of exchange of Frax Shares to Ethereum, we search through various exchanges for the FXS to ETH pair and find the most satisfactory rate available in the market. We provide you with an estimation of the amount of ETH you will receive.
As soon as you accept the terms and the FXS is deposited, the exchange will be automatically processed. We remind you that the final amount of ETH you receive may vary slightly due to the volatility in the price of the cryptocurrencies which affects the conversion rate of FXS to ETH.
FXS to ETH Fixed Rate Conversion
In the Fixed Rate exchange of Frax Shares to Ethereum, ChangeHero finds a good rate for the pair FXS to ETH and fix the rate for up to 15 minutes. In the Fixed Rate exchange of FXS to ETH, you will receive the exact amount of ETH which was shown in the estimate.
ChangeHero is a non-custodial service and never holds your cryptocurrency. As soon as the exchange is completed, we send your assets to the specified ETH address. ChangeHero is the best place to exchange FXS to ETH fast and safe at the finest rates.
Frequently asked questions
How long does it take to convert FXS to ETH?
Usually, an FXS - ETH conversion takes around 15 minutes but the time may vary depending on how busy the network is.
Do I need an account to exchange FXS to ETH?
No, you do not have to create an account to swap FXS to ETH on ChangeHero. There will be no registrations for your Frax Shares to Ethereum transaction.
Do I need to go through KYC procedures for FXS to ETH exchange?
There will be no KYC for the FXS to ETH exchange. However, if our threat detection system raises the alarm then we ask you to complete a simple verification procedure which takes a few minutes.
Can I exchange ETH to FXS?
Yes, you can instantly exchange ETH to FXS on ChangeHero.
Buy and sell Ethereum
Are you looking to buy ETH? Now, on ChangeHero you can buy Ethereum with a credit or debit card. Also, you can sell your cryptocurrency on ChangeHero to US Dollars and Euro. Give it a try.
