Frax Share (FXS) Price Prediction 2023-2030: Will FXS Price Hit $15 Soon?

• Bullish Frax Share  (FXS) price prediction ranges from $7 to $15.
• Analysis suggests that the Frax Share price might reach above $14.5.
• The Frax Share bearish market price prediction for 2023 is $4.1.

What is Frax Share (FXS)?

The Frax protocol is a two-token system encompassing a stablecoin, Frax (FRAX), and a governance token, Frax Shares (FXS). Frax is the first stablecoin protocol to implement design principles of both, entirely collateralized and fully algorithmic with no backing protocol,  to create a highly scalable, trustless, extremely stable, and ideologically pure on-chain money.

By using both the preceding principles in unison, Frax seeks to address the issues that a standalone protocol could be vulnerable to. For instance, when you consider collateralized stablecoins at one end of the spectrum, these stablecoins either have custodial risk or require on-chain over-collateralization. However, these designs provide a stable coin with a fairly tight peg with higher confidence than purely algorithmic designs. 

On the other end of the spectrum as per the company:

Purely algorithmic designs such as Basis, Empty Set Dollar, and Seigniorage Shares provide a highly trustless and scalable model that captures the early Bitcoin vision of decentralized money but with useful stability.

However, the issue with algorithmic designs is that they are difficult to bootstrap, slow to grow (as of Q4 2020 none have significant traction), and exhibit extreme periods of volatility which erodes confidence in their usefulness as actual stablecoins. Hence, by integrating both design principles Frax endeavors to address the drawback.

Frax Share (FXS) Market Overview

Analysts’ View on Frax Share (FXS)

A crypto analyst tweeted that FXS has good fundamentals irrespective of irrational markets.

Frax Share(FXS) Current Market Status

The maximum supply of Frax Share  (FXS) is unknown, while its circulating supply is 73,540,577 FXS, according to CoinMarketCap. At the time of writing, Frax Share is trading at $5.30 representing 24 hours increase of 4.79%. The trading volume of Frax Share in the past 24 hours is $14,391,031 which represents a 5.96% decrease.

Some top cryptocurrency exchanges for trading Frax Share are Binance, Uniswap v2, Kraken, Kucoin, and Bithumb. 

Now that you know Frax Share and its current market status, we shall discuss the price analysis of  Frax Share  (FXS )for 2023.

Frax Share (FXS) Price Analysis 2023

Will the Frax Share blockchain’s most recent improvements, additions, and modifications help its price rise? Moreover, will the changes in the payment and crypto industry affect FXS’s sentiment over time? Read more to find out about Frax Share’s 2023 price analysis.

Frax Share (FXS) Price Analysis – Bollinger Bands

The Bollinger bands are a type of price envelope developed by John Bollinger. It gives a range with an upper and lower limit for the price to fluctuate. The Bollinger bands work on the principle of standard deviation and period (time). 

The upper band as shown in the chart is calculated by adding two times the standard deviation to the Simple Moving Average while the lower band is calculated by subtracting two times the standard deviation from the Simple Moving Average.

When considering the above chart, we can see that FXS has been losing value after it gained value quickly during early 2023. After falling FXS received support close to $4.7 and thereafter it has been moving sideways. After touching the lower band, FXS is currently increasing as there could be spotted the formation of three green candlesticks. If this retracement continues, then, there is a high chance that FXS could reach the SMA. If the SMA is breached, then, Frax could reach the upper Bollinger band.

The above chart shows the Bollinger band super trend indicator which denotes the trend of token. Currently, it could be seen that FXS is on a downward trajectory and if this motion in that same direction continues, then, there is a high chance that FXS could keep moving downwards. However, there seems to be some buying pressure building up. Hence, there is a chance that the FXS could rise and increase in value. Moreover, the Bollinger band width indicator is rising. This shows that there could be more volatility in the market and the prices could fall or rise by a large margin.

Frax Share (FXS)Price Analysis- Relative Strength Index 

The Relative Strength Index is an indicator that is used to measure whether the price of a cryptocurrency is over or undervalued. For this purpose, it has two extreme regions known as the overbought and oversold regions. 

When the RSI reads a value (>70) then the crypto is overbought, which means that due to more buying the demand has increased as such the price has also increased. On the other hand, when it is oversold, many are selling, as such, its price is undervalued.

When looking at the chart above, we can see that FXS has been moving sideways lately. Moreover, the RSI which is at 42 seems to be rising. When more buyers enter the market, the chances of the RSI going up will keep on increasing. However, since the RSI is neither oversold nor overbought, the trend for FXS could be considered as strong. 

Additionally, the RSI indicator could be used to find out divergences. Usually, the RSI closely follows the motion of the cryptocurrency. However, for instance, if the RSI makes a lower high when the token makes a higher high, this is a divergence. In particular, a bearish divergence. 

Frax Share (FXS)Price Analysis- Moving Average 

The exponential moving average is not much different from the simple moving average. The EMA gives more weightage to the present prices while the SMA equally distributes the values to the frequency. Hence, when the EMA is plotted in the graph it gives a rough idea about how the cryptocurrency has been performing in the past. 

Moreover, the 50-day EMA is considered the short-term length, and the 200-day EMA is considered the long-term.  Whenever the 50-day EMA crosses the 200-day EMA from below it is called a Golden cross, while if it crosses from above, then it is a death cross. However, in this case, we will be using the 50-day EMA as the long-term length and the 10-day EMA as the short-term length. 

FXS/USDT 1-Day Chart Showing Moving Averages (Source:Tradingview)

The chart above shows that FXS was rejected at the 200-day EMA during the mid-week of August 2023. After being rejected FXS is currently sliding down below both EMAs. However, the buyers in the market seem to be increasing as such there is a high chance that FXS could test the 50-day EMA. If FXS successfully breaks the 50-day EMA, it may test the 200-day EMA. 

Frax Share  Price Prediction 2023-2030 Overview

Frax Share (FXS) Price Prediction 2023

The chart above shows how FXS broke out from the falling wedge. Once it broke out from the falling wedge, FXS was moving sideways at times touching the $7 level. However, it was rejected by the above-mentioned resistance level and now it is heading in a downward direction. Nonetheless, the formation of three candlesticks raises the question, of whether FXS may continue this motion. In the event that this downward trajectory is nullified by buying pressure, FXS has the potential to reach $14.25.    

But FXS will have to overcome three obstacles to get to the above-stated level. It will need to break the $7 resistance level to get to the $9.5 level. And when the $9.5 resistance is broken then it will need to break the $11.7 level to hit the $14.25 target. We can see that there is more trading activity happening near the $7 resistance level. In the event, that FXS crashes, then it will be solely dependent on the $4.1 resistance level for support.  

Frax Share (FXS) Price Prediction – Resistance and Support Levels

The above chart shows that Frax was on an uptrend from December 2021 to May 2022. It reached a maximum price of $46 during this period of prosperity. However, this uptrend was followed by a drastic crash that caused Frax to fall from $45 to as low as $4 within a brief period. Since July 2022, Frax has been moving horizontally, at times touching the 8:1 Gann fan line. FXS may be able to test the 8:1 Gann fan line once again. 

Frax Share (FXS) Price Prediction 2024

There will be Bitcoin halving in 2024. Hence, we should expect a positive trend in the market due to user sentiments and the quest by investors to accumulate more of the coin. However, the year of BTC halving didn’t yield the maximum for Frax Share based on the previous halving. Hence, we could expect Frax Share to trade at a price, not below $24 by the end of 2024.

Frax Share (FXS) Price Prediction 2025

Frax Share may experience the after-effects of the Bitcoin halving and is expected to trade much higher than its 2024 price. Many trade analysts speculate that BTC halving could create a huge impact on the crypto market. Moreover, similar to many altcoins, Frax Share will continue to rise in 2025 forming new resistance levels. It is expected that Frax Shares will trade beyond the $46 level.

Frax Share (FXS) Price Prediction 2026

It is expected that after a long period of bull run, the bears will come into power and start negatively impacting the cryptocurrencies. During this bearish sentiment, Frax Share could tumble into its support regions. During this period of price correction, Frax Share could lose momentum and be way below its 2025 price. As such, it could be trading at $17.5 by 2026. 

Frax Share (FXS) Price Prediction 2027

Naturally, traders expect a bullish market sentiment after the crypto industry was affected negatively by the bears’ claw. Moreover, the build-up to the next Bitcoin halving in 2028 could evoke excitement in traders. However, there’ll be a dip in price before the excitement will be reciprocated in EOS. As such, we could expect Frax Share to trade at around $36.5 by the end of 2027. 

Frax Share (FXS) Price Prediction 2028

As the crypto community’s hope will be re-ignited looking forward to Bitcoin halving like many altcoins, Frax Share may reciprocate its past behavior during the BTC halving. Hence, Frax Share would be trading at $42.2 after experiencing a considerable surge by the end of 2028. 

Frax Share (FXS) Price Prediction 2029

2029 is expected to be another bull run due to the aftermath of the BTC halving. However, traders speculate that the crypto market will gradually become stable by this year. In tandem with the stable market sentiment, Frax Share could be trading at $78 by the end of 2029.

Frax Share (FXS) Price Prediction 2030

After witnessing a bullish run in the market, Frax Share and many altcoins would show signs of consolidation and might trade sideways and move downwards for some time while experiencing minor spikes. Therefore, by the end of 2030, Frax Share could be trading at $70.

Frax Share (FXS) Price Prediction 2040

The long-term forecast for Frax Share indicates that this altcoin could reach a new all-time high(ATH). This would be one of the key moments as HODLERS may expect to sell some of their Coins at the ATH point. 

If they start selling then Frax Share could fall in value. It is expected that the average price of Frax Shares could reach $148 by 2040.

Frax Share (FXS) Price Prediction 2050

Since Cryptocurrency will be revered and widely accepted by most people during the 2050s, we will see the masses believe more in it. As such Frax Share could reach $228.

Conclusion

If investors continue showing their interest in Frax Share and add these Coins to their portfolio, it could continue to rise. FXS’s bullish price prediction shows that it could reach $14.25 level.

FAQ

Disclaimer: The views and opinions, as well as all the information shared in this price prediction, are published in good faith. Readers must do their research and due diligence. Any action taken by the reader is strictly at their own risk. Coin Edition and its affiliates will not be held liable for any direct or indirect damage or loss.