FXS, the native token of Frax Finance, the power behind the stablecoin project FRAX, continues to surpass many important projects. Frax Share (FXS) has managed to become one of the 100 most valuable cryptocurrencies.
Price prediction sites put forward positive expectations in their projections for 2024. Some sites’ FXS forecasts for 2024 are as follows:
- Gov Capital: $16
- Digitalcoinprice: $12
- PricePredictions.net: $12.40
- CoinCodex: $17
- CryptoPredictions.com: $7.50
5-year price predictions for FXS Coin in the following ranges:
- Gov Capital: $61
- Digitalcoinprice: $31
- PricePredictions.net: $53
Comments on the Future of FXS
Frax Finance has made significant progress on DeFi in recent years. Along with the stablecoin FRAX, the local token of the project, FXS, has become one of the popular altcoin projects with the momentum it has gained. The project, which was built on the Ethereum network, made an important announcement in June.
In the official announcements, it was announced that a new network called Fraxchain will be launched by Frax Finance. It was stated that with the construction of the DeFi-focused Layer 2 solution, the project will now offer operations on its own network. Market analysts emphasize that this may be the most decisive development for FXS in the upcoming period. It is stated that if the mainnet launches in 2023 without any problems, this may also have a positive impact on the FXS price.