Stock Groups

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

by Mike Robinson

[ad_1]


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 increased 159% against EUR.BTC). FXS was also the top-ranked trading platform for bullish conditions during that period. What is behind the token’s recurring strong trading outlook?

Governance of a stablecoin environment

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

Continue Reading on Coin Telegraph

Disclaimer: Fusion MediaThis website does not provide accurate and current data. CFDs are stocks, indexes or futures. The prices of Forex and CFDs are not supplied by exchanges. They are instead provided by market makers. As such, the prices might not reflect market values and could be incorrect. Fusion Media is not responsible for trading losses that may be incurred as a consequence of the use of this data.

Fusion MediaFusion Media or any other person involved in the website will not be held responsible for any loss or damage resulting from relying on data including charts, buy/sell signals, and quotes. You should be aware of all the potential risks and expenses associated with trading in the financial market. It is among the most dangerous investment types.

[ad_2]