A cluster of up-and-coming altcoins are starting the new year with major price breakouts while the top two crypto assets move sideways.
Frax Share (FXS) is the governance token for the Frax stablecoin protocol, which aims to provide algorithmic money in place of fixed supply digital assets.
FXS is used to accrue fees, seigniorage revenue, and excess collateral value. At time of writing, FXS is up 16.65% and trading for $38.20.
Tomb Shares (TSHARE) represents the graveyard-themed Tomb Finance (TOMB), which is pegged to smart contract platform Fantom (FTM).
The project seeks to serve as “a mirrored, liquid asset that can be moved around and traded without restrictions, all while benefiting from the price appreciation of the native FTM token.”
While TOMB is trading under