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Frax Share (FXS) has been one of many few altcoins to drag off a dominant value efficiency amid the down market of late 2021 to early 2022. Within the month between Dec. 14 and Jan. 14, FXS was up 128% towards the U.S. greenback and 159% towards (BTC). Along with this spectacular feat, FXS topped the charts of traditionally bullish buying and selling circumstances on a number of events all through this era. What’s behind the token’s recurring sturdy buying and selling outlook?
Governing a stablecoin ecosystem
FXS is the utility token underpinning the Frax ecosystem — a stablecoin protocol that seeks to occupy a center floor between fully collateralized and completely algorithmic stablecoins, thus harnessing the benefits of each designs.
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