In comparison to the cryptocurrency world, Frax (FRAX) has been relatively less erratic.
The Stablecoins have declined 0.09 percent to $0.9995158157 so far on Thursday.
Frax (FRAX) has been relatively less volatile compared to the crypto market. So far Thursday, the Stablecoins has dropped 0.09% to $0.9995158157.
Frax has a low volatility rank of 2, putting it in the bottom 2% of cryptos on the market, according to InvestorsObserver.
The Volatility Gauge follows, indicating that no single day will determine its ranking.
The low volatility of FRAX is accompanied by a low Risk/Reward Gauge reading, indicating that the token has relatively small price swings and is well protected from price manipulation.
The pricing of Frax is well positioned for the future. Support is located near $0.994155531041364 and resistance is located near $1. This gives Frax some breathing room before encountering selling demands.
What is a Token?
Tokens are digital assets that exist on another cryptocurrency’s blockchain.