Stock Groups

Here is how one algorithmic indicator anticipated multiple phases of FXS’ protracted rally -Breaking

by Mike Robinson

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FXS (Frax Share) is one of few altcoins that has managed to maintain a strong price performance in the midst of the market downturn of 2021-2022. Between Dec. 14th and January 14, FXS rose 128% against USD and was up 159% against EUR.BTC). FXS also topped charts for historically bullish trading conditions multiple times during this time. What is behind the token’s recurring strong trading outlook?

Stablecoin governance

FXS is the utility token underpinning the Frax ecosystem — a stablecoin protocol that seeks to occupy a middle ground between entirely collateralized and entirely algorithmic stablecoins, thus harnessing the advantages of both designs.

Curve Wars Winner

Green means go

VORTECS™ Score (green/gray) vs. FXS price, Dec. 17 – 24. Source: Cointelegraph Markets Pro
VORTECS™ Score (green/gray) vs. FXS price, Jan. 6 – 13. Source: Cointelegraph Markets Pro

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