Question 1

What determines the price movement of Frax Price Index (FPI)?

Accepted Answer

There are two schools of thought when it comes to determining the price of a cryptocurrency like Frax Price Index.
By way of intrinsic value: Intrinsic value is typically assessed through on-chain metrics, project metrics, and financial metrics of Frax Price Index, collectively known as <0>fundamental analysis. Factors such as the law of supply and demand, tokenomics, use case, project roadmap, and the regulatory and governance environment will influence the long-term value of Frax Price Index. By way of price action: <0>technical analysis , using candlestick chart patterns and indicators like MACD, RSI, and Bollinger Bands, forecasts the price of Frax Price Index on the basis that history tends to repeat itself.
Since candlestick charts reflect market sentiment, news announcements and community sentiment can also significantly influence the price action of Frax Price Index. Long-term investors usually favor fundamental analysis, while short-term traders often depend on technical analysis. In practice, combining both approaches can yield intriguing scenarios for Frax Price Index and the broader cryptocurrency market.

Question 2

What is the highest price of Frax Price Index price in history?

Accepted Answer

Frax Price Index achieved the all-time high of 1.32 in 2024-07-16, and is currently trading at 1.14.

Question 3

What is the lowest price of Frax Price Index price in history?

Accepted Answer

Frax Price Index reached its all-time low of  0.922695 on 2023-03-11.

Question 4

What is the current market cap of Frax Price Index?

Accepted Answer

The current market cap of Frax Price Index is  , as  FPI is trading at the price of 1.14.

Question 5

How many Frax Price Index are there in the market?

Accepted Answer

There are currently  FPI circulating in the market. These Frax Price Index can be actively traded or used in the open market.

Question 6

What is the maximum supply of Frax Price Index?

Accepted Answer

The maximum supply of FPI is 84551456.5612749 , which includes its circulating supply, locked or staked supply, and the supply that has yet to be mined, minted, or created.

Question 7

What is the fully diluted market cap (or FDV) of Frax Price Index?

Accepted Answer

At the moment, the fully diluted market cap, also called the fully diluted value (FDV) of Frax Price Index is 96388660.479853386. The FDV is calculated taking the assumption that all supply of Frax Price Index is circulation, multiplied by its current price of  1.14.

Question 8

What is the price prediction of Frax Price Index ?

Accepted Answer

Using an algorithm to automatically identify historical data trends, this <0>Frax Price Index price prediction adjusts its forecast from time to time based on current market conditions. With advanced machine learning, this prediction tool can help investors gauge market probabilities before making investment decisions.

Question 9

Is Frax Price Index a good investment?

Accepted Answer

Frax Price Index offers a good potential ROI due to its inherent volatility, which presents numerous profit opportunities. However, this volatility is a double-edged sword, making it suitable for investors with high risk tolerance and a strong financial position. It is crucial to remember that Frax Price Index and the broader crypto market are subject to extreme market conditions, regulatory changes, social media influence, and other unpredictable factors. Therefore, it is advisable to exercise risk management and <0>do your own research (DYOR) before investing in Frax Price Index.

Question 10

How to buy Frax Price Index?

Accepted Answer

You can buy Frax Price Index via Gate by following the steps on <0>how to buy FPI once you have funded your account.

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