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Frax

🔥FXS Is Inside a Massive Channel: Pump in 2023❓Frax is squeezing below the trendline and should break it in 1-2 weeks. Additionally, the mod of the triangle becomes a support for this altcoins. 💥the pump will be huge because its fresh altcoins with a huge growth potential. It hasn't pump before, so it gives us additional confidence that this altcoin will show its potential during the bull market. like❤️ and follow Check the links and get a BONUS🎁 from me👇
by Alex_Dehtiarov
1
USDC De-peg could Crash DAI, USDD, & FraxI want to share my thoughts on the current situation with stablecoins, specifically USDC, DAI, and FRAX. It is my belief that if USDC were to collapse, DAI and FRAX would follow suit, causing a significant crash in the entire crypto market. Recent developments support this concern. Binance has paused the automatic conversion of USDC to BUSD due to high inflows and the increasing burden of conversion support. Additionally, Circle has burned over $1.6 billion USDC in cash over the past few hours, resulting in a decrease in the total supply of USDC from 43.55 billion to 42.3 billion, down $1.2 billion in just a few hours. Up to 25% of all USDC is uninsured in the SiVB (Silicon Valley Bank) collapse, only $250,000 is guaranteed recoverable. FDIC assumed receivership of the banks $197 BN remaining assets. 50% of all start ups in the US are said to have some exposure to SiVB, either directly or indirectly. Circle group is facing potential bankruptcy if the run on USDC is not staved off.... Furthermore, only Tether is currently above a dollar, with only five of the 13 stablecoins trading at 99 cents USD. Even FRAX, which is backed by USDC, is currently trading at 0.92 USD. The general concern for all stablecoins may prompt investors to move their funds into BTC/ETH, causing a significant shift in the market. As always, it is important to stay informed and monitor the situation closely. Stay safe and make informed decisions.
GEMINI:USDCUSD
by BIG-BLACK-CRYPTO
FXSUSD out of the 6 month accumulation zone, start of Bull CycleFRAX SHARE (FXSUSD) broke four days ago above the Accumulation Zone that has been in effect for 6 months (since May 25 2022). That was the range where investors bought the token in preparation for the next Bull Cycle. This has just started with that break-out and the first Resistance cluster that the token will face is the 0.382 Fibonacci - 1W MA50 (red trend-line) zone. A pull-back here would do wonders for those late to the rally, with the 1D MA50 (blue trend-line) providing the long-term Support. In fact, it is about to form a Golden Cross with the 1D MA200, the first such (bullish) pattern since September 24 2021. A weekly closing above the 1W MA50 extends the rally to the immediate upper Fibonacci levels (0.5 at 13.450 and 0.618 at 18.000). ------------------------------------------------------------------------------- ** Please LIKE 👍, FOLLOW ✅, SHARE 🙌 and COMMENT ✍ if you enjoy this idea! Also share your ideas and charts in the comments section below! This is best way to keep it relevant, support me, keep the content here free and allow the idea to reach as many people as possible. ** ------------------------------------------------------------------------------- 💸💸💸💸💸💸 👇 👇 👇 👇 👇 👇
FLong
by TradingShot
Peg of Stable CoinsStablecoins are cryptocurrencies whose value is pegged, or tied, to that of another currency, commodity, or financial instrument. Stablecoins aim to provide an alternative to the high volatility of the most popular cryptocurrencies, including Bitcoin (BTC), which has made crypto investments less suitable for common transactions. (Investopedia) This graph shows the pegged value of the main stable coins. Ideally, the value should be 1:1. In this crash scenario, I will stay alert on these values.
B
by andre_007
Frax Share Challenges Resistance | 160% To A New HighWill the Altcoins detach from Bitcoin? Or will they grow together? We are seeing many Altcoins printing strong bullish charts... They are moving up. This can be taken as a bullish signal for the entire market, as the Altcoins grow, everything grows. Be aware though, there will be another flash shakeout soon in between the multiple price jumps. ... Now, let's get to Frax Share vs Tether (FXSUSDT) daily chart. The chart here is young so we don't have much data. We are seeing a break above resistance supported by high volume and bullish indicators. We have a ~80% potential target to the previous high. 160%+ to a new high. It is looking good. Thank you for reading. Namaste.
Long
by AlanSantana
1
$FXS/BTC 4h (Binance Spot) Bull-pennant breakoutFrax Share broke out bullish locally and looks ready for another leg-up that pull-back. FXS is not only a DeFi token but also a member of the Avalanche Ecosystem! It works as a governance for the Frax Protocol, which is the first fractional-algorithmic stablecoin system (FRAX). Current Price= 0.00012369 Buy Entry= 0.00012395 - 0.00011715 Take Profit= 0.00014456 | 0.00015810 | 0.00018294 Stop Loss= 0.00010275 Risk/Reward= 1:1.35 | 1:2.11 | 1:3.51 Expected Profit= +19.92% | +31.15% | +51.75% Possible Loss= -14.77% Fib. Retracement= 0.5 | 0.786 | 1.272 Margin Leverage= 1x Estimated Gain-time= 2 weeks
FLong
by TradingOn
OlympusDAO August LevelsThis could be ATH... or maybe not. From a weekly perspective Olympus offers amazing growth. Another thing is the reality that occupies us seeing that in 4h the movement is losing some strength although we do not see the price fall either. Two things will probably happen after this analysis: either the price goes up or the price goes down. As always. Serve this idea as a reflection of an imminent price action that we hope will be on the part of the balance of its increase, although we must not forget that there is the possibility (there are probabilities) of future corrections now at the end of the month. Here I leave the levels to consider. Happy summer. GL ohmies, all the best!
OLong
by harribatu
What is Olympus?Olympus is an algorithmic currency protocol based on the OHM token. It introduces unique economic and game-theoretic dynamics into the market through asset backing and protocol controlled value. How can I benefit from Olympus? The main benefit for stakers comes from supply growth. The protocol mints new OHM tokens from the treasury, the majority of which are distributed to the stakers. Thus, the gain for stakers will come from their auto-compounding balances, though price exposure remains an important consideration. That is, if the increase in token balance outpaces the potential drop in price (due to inflation), stakers would make a profit. The main benefit for bonders comes from price consistency. Bonders commit a capital upfront and are promised a fixed return at a set point in time; that return is in OHM and thus the bonder's profit would depend on OHM price when the bond matures. Bonders benefit from a rising or static OHM price. Want more info? here! ...brutal.
OLong
by harribatu
Frax Share (FXS) Overview + ChartWhat Is the Frax Protocol (FRAX)? The Frax Protocol is the first fractional-algorithmic stablecoin system. Frax is open-source, permissionless, and entirely on-chain – currently implemented on Ethereum (with possible cross chain implementations in the future). The end goal of the Frax protocol is to provide a highly scalable, decentralized, algorithmic money in place of fixed-supply digital assets like BTC. The protocol incorporates the following concepts: Fractional-Algorithmic – Frax is a unique stablecoin with parts of its supply backed by collateral and parts of the supply algorithmic. The ratio of collateralized and algorithmic depends on the market's pricing of the FRAX stablecoin. If FRAX is trading at above $1, the protocol decreases the collateral ratio. If FRAX is trading at under $1, the protocol increases the collateral ratio. Decentralized & Governance-minimized – Community governed and emphasizing a highly autonomous, algorithmic approach with no active management. Fully on-chain oracles – Frax v1 uses Uniswap (ETH, USDT, USDC time-weighted average prices) and Chainlink (USD price) oracles. Two Tokens – FRAX is the stablecoin targeting a tight band around $1/coin. Frax Shares (FXS) is the governance token which accrues fees, seigniorage revenue, and excess collateral value. Before Frax, stablecoins were divided into three different categories: fiat collateralized, overcollateralized with cryptocurrency, and algorithmic with no collateral. Frax is the first kind of decentralized stablecoin to classify itself as fractional-algorithmic ushering in the 4th and most unique category. Source: Coinmarketcap.com ------ This one is looking good now and hasn't move compared to other altcoins. We can see prices moving just now above EMA10 and some higher lows since February. There is room for higher prices. See the chart. This is not financial advice. Namaste.
FLong
by AlanSantana
9
FXSBUSD (FRAX SHARE) - BUY ENTRY ANALYSIS 🔎 - FXSBUSD brokeout above the double bottom (DB) neckline resistance (NR). - The market hit a swing high and retraced. - Price is retesting the neckline resistance (flip horizontal support) and key fibonacci retracement zone (0.5 - 0.618 - 0.786). - There is a relatively high concentration of buyers at the retest zone (High buying pressure). - The retracement is resisted by the descending trendline resistance (DTR). - A breakout above the descending trendline resistance (DTR) could be a bullish signal. BUY ENTRY ⬆️ - Conservative entry : breakout above the descending trendline resistance (DTR). - Aggressive entry : market price. TARGETS 🎯 - Horizontal resistance level (R1). - Horizontal resistance level (R2). - ATH (All-time high) resistance. SETUP INVALIDATION ❌ - Breakdown below the 0.786 fibonacci retracement level.
FLong
by Chibuike_Odoh
1