Here is how one algorithmic indicator anticipated multiple phases of FXS’ protracted rally
Cryptocurrency16 minutes ago (Jan 14, 2022 11:20AM ET)
Frax Share (FXS) has been one of the few altcoins to pull off a dominant price performance amid the down market of late 2021 to early 2022. In the month between Dec. 14 and Jan. 14, FXS was up 128% against the U.S. dollar and 159% against Bitcoin (BTC). In addition to this impressive feat, FXS topped the charts of historically bullish trading conditions on multiple occasions throughout this period. What is behind the token’s recurring strong trading outlook?
Governing a stablecoin ecosystem
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(TM) Score (green/gray) vs. FXS price, Dec. 17 – 24. Source: Cointelegraph Markets ProVORTECS(TM) Score (green/gray) vs. FXS price, Jan. 6 – 13. Source: Cointelegraph Markets Pro
Here is how one algorithmic indicator anticipated multiple phases of FXS’ protracted rally
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