💟 Market Health (October-27) The market just had a crash and this is an opportunity for us to continue accumulating Altcoins. Money has been withdrawn from Topcoins and will likely be pushed into mid-cap and low-cap Altcoins. However, it is highly likely that buying will come back strongly and close today's 1Day candle in the green color and the market will be very bullish. But be aware that the market during this period will have strong ups and downs so limit the use of leverage as much as possible because your position will be easily liquidated. ETH also filled the gap at 4000$
💟 Market Health (October-27) Money is being withdrawn from coins that have pumped strongly in the past days and is being redirected to the next coins with lower capitalization, so in the next few days there will be many quick pumps with high profit rates. so please check the market regularly to be able to sell at high price areas. This phase will need about 1-2 weeks before the money flows back to the top coins
💟 Market Health (October-26) The market is recovering very strongly with a lot of coins rising above the ATH (All time high) price zone. Currently, BTC still holds the $60000 zone and that is what has helped the market to confidently grow. Let's continue to accumulate and wait for the pump's turn
💟 Market Health (October-25) BTC is still holding the $60000 zone and this is a good sign for Altcoins. However, because the number of Altcoins is too much, the cash flow will be circulated between them, so actively accumulate Altcoins and wait for their turn to pump. At this time, we must always prepare a reserve in case something bad happens and will buy at a lower price if possible.
💟 Market Health (October-24) The market is still doing quite well and the positive signals are present on most of the Altcoins. We can continue to accumulate during this period as we are at the bottom of a new bull run. Don't miss the chance!
FXS is correcting to the $5.5 zone and buying might return at this zone to help FXS rise to the $6.5, $7.5 and $10 zones this September.
📈RED PLAN 🔴Buy : 5.35-5.65$. SL if B
🔴Buy : 6.35-6.65$ if A. SL if B
📉BLUE PLAN 🔴Sell : 6.35-6.65$. SL if A
🔴Sell : 7.3-7.7$. SL if A
🔴Sell : 9.75-10.25$. SL if A
🟣PURPLE PLAN 🔵Buy : 4.4-4.6$. SL if B
❓Details 📈Red Arrow : Main Direction as BUY & SELL section
📉Blue Arrow : Back-Up Direction as BACK-UP section
🟩Green zone : Support zone as BUY section
🟥Red zone : Resistance zone as SELL section
🅰️A : The Close price of 1-day candlestick is Above the zone
🅱️B : The Close price of 1-day candlestick is Below the zone
Frax (FRAX) is a fractional algorithmic stablecoin partially backed by collateral and partially stabilized algorithmically. The ratio of collateralization and algorithmic depends on the market price of the FRAX stablecoin. If FRAX is trading at above $1, the protocol decreases the collateralization ratio. If FRAX is trading at under $1, the protocol increases the collateralization ratio.
Frax Share (FXS) is the non-stable, ERC-20 governance token of FRAX with the following use cases:
Governance: Grants holders governance rights to add/adjust collateral pools, set minting/redemption fees, and to change the refresh rate of the collateralization ratio.
Staking: Stake in various pools to earn interest with preferred APY.
Minting & Redeeming: FXS will be burned when minting FRAX and minted when redeeming FRAX.
Rewards: FXS rewards will be claimable for users who deposit Uniswap LP tokens to incentivized pairs.
At genesis, FRAX is 100% collateralized, meaning that minting FRAX only requires placing collateral into the minting contract. During the fractional phase, minting FRAX requires placing the appropriate ratio of collateralization and burning the ratio of FXS.
More details of the FXS token allocation can be found here.
As of February 18th 2021, the total supply of FXS is 100,000,000 and the current circulating supply is ~5.34%.