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TürkçeStaked Frax Ether Information
Staked Frax Ether represents a novel approach within the DeFi ecosystem by offering a decentralized, self-regulating stable asset backed by Ether. This coin enables holders to seamlessly earn staking rewards while maintaining liquidity, which is crucial for active participation in various markets. The integration of Staked Frax Ether into portfolios provides a unique blend of stability and growth potential, appealing to both risk-averse and growth-seeking investors.
Introduction to Staked Frax Ether
Staked Frax Ether (sfrxETH) is a unique cryptocurrency that has garnered attention within the crypto community due to its innovative mechanism and pegging system. As a staked version of Frax's Ether, it operates by locking up Ether to provide liquidity and earn rewards, acting as a bridge between traditional Ether and its yield-bearing counterpart.
Historical Performance of Staked Frax Ether
Since its inception, Staked Frax Ether has shown notable fluctuations, reflecting the dynamic nature of the cryptocurrency market. Reaching an all-time high (ATH) of $7545.09 in February 2023, sfrxETH demonstrated its potential to yield substantial returns for early investors. However, like many cryptocurrencies, it also experienced significant downward trends, registering an all-time low (ATL) of $1147.58 in December 2022, illustrating the volatile landscape of the crypto market.
Advantages of Investing in Staked Frax Ether
One of the primary advantages of sfrxETH is its ability to offer staking rewards which are compounded over time, providing a continuous source of additional profits for holders. This characteristic potentially enhances the overall investment yield compared to holding traditional Ether. Furthermore, as it is closely linked to the Frax ecosystem, sfrxETH benefits from the stability and innovation brought by this decentralized finance (DeFi) platform, giving it a sturdy foundation in the crypto space.
Potential Drawbacks of Staked Frax Ether
Despite its promising structure, investing in sfrxETH comes with risks inherent to all cryptocurrency investments. The market's volatility and the coin's significant price shifts may pose risks to short-term investors. Furthermore, since it is part of the growing DeFi ecosystem, it is also susceptible to regulatory changes that may impact its future performance. Investors should be acutely aware of these dynamics and perform comprehensive research before diving into sfrxETH.
Current Market Analysis
As of the latest data, Staked Frax Ether is priced at $2805.38, with a market cap of $327,047,674 and total volume at $1,793,065. These figures suggest a steady presence in the market, albeit with recent declines in market cap and value indicating the current bearish sentiment. With 116,578.89266275 sfrxETH in circulation, its supply is tightly managed, ensuring value retention and potential for growth.
Future Prospects for Staked Frax Ether
Looking ahead, the future of Staked Frax Ether will likely be shaped by broader trends in the DeFi space and increased adoption of staking mechanisms. As more investors seek passive income through staking, sfrxETH could see increased interest and demand. Moreover, any advancements in the Frax ecosystem could bolster its standing in the market. However, economic factors and evolving regulations remain crucial variables that will influence its trajectory.
Conclusion
Staked Frax Ether represents a compelling financial instrument for those looking to leverage staking to enhance their cryptocurrency portfolio. With its innovative approach backed by the Frax ecosystem, it holds promise but also requires mindful consideration of its risks. As the cryptocurrency arena continues to evolve, sfrxETH is a noteworthy player that holds the potential to become more integrated into the DeFi landscape.
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from price
$3,692
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General Information |
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Title
Staked Frax Ether
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Symbol
sfrxeth
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Whitepaper
-
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Website
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Community
-
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Last Updated
2025-01-21 23:51
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Price Data |
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Current Price $
3692.47
$
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High 24h
3743.84
$
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Low 24h
3545.94
$
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Price Change 24h
95.96
$
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Price Change % 24h
2.66814
%
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Market Data |
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Market Cap
349786069
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Total Volume
510326
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Market Cap Change 24h
8153012
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Market Cap Change % 24h
2.38648
%
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Return on Investment (ROI)
-
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Supply and Availability |
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Circulating Supply
94730.104257365
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Total Supply
94730.104257365
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Max Supply
-
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Historical Data |
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All Time High (ATH)
7545.09
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ATH Change %
-50.98416
%
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ATH Date
2023-02-16 07:51
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All Time Low (ATL)
1147.58
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ATL Change %
222.26753
%
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ATL Date
2022-12-23 11:50
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