Balancer (BAL) Market Cap Reaches $121.78 Million

Balancer (BAL) traded 0% higher against the U.S. dollar during the 1-day period ending at 13:00 PM ET on October 17th. Balancer has a market capitalization of $121.78 million and approximately $4.24 million worth of Balancer was traded on exchanges in the last day. In the last seven days, Balancer has traded 7.1% higher against the U.S. dollar. One Balancer token can currently be purchased for about $2.02 or 0.00002992 BTC on popular cryptocurrency exchanges.

Here’s how related cryptocurrencies have performed in the last day:

• Aidi Finance (BSC) (AIDI) traded 2.2% lower against the dollar and now trades at $0.0000 or 0.00000000 BTC.
• Zoo Token (ZOOT) traded 2.2% lower against the dollar and now trades at $0.0652 or 0.00000239 BTC.
• CareCoin (CARES) traded down 2.2% against the dollar and now trades at $0.0809 or 0.00000297 BTC.
• Hokkaidu Inu (HOKK) traded 1.2% higher against the dollar and now trades at $0.0004 or 0.00000001 BTC.
• Jeff in Space (JEFF) traded 2.2% lower against the dollar and now trades at $2.75 or 0.00010076 BTC.
• Lumi Credits (LUMI) traded up 8.9% against the dollar and now trades at $0.0162 or 0.00000027 BTC.
• AXIA Coin (AXC) traded 0.1% lower against the dollar and now trades at $13.43 or 0.00048094 BTC.
• MVP Coin (MVP) traded down 0% against the dollar and now trades at $0.0494 or 0.00000073 BTC.
• P2P Solutions foundation (P2PS) traded up 0.4% against the dollar and now trades at $169.51 or 0.00251394 BTC.

Balancer Profile

Balancer’s launch date was June 20th, 2020. Balancer’s total supply is 65,451,923 tokens and its circulating supply is 60,371,778 tokens. Balancer’s official website is balancer.finance. Balancer’s official Twitter account is @balancer and its Facebook page is accessible here. The official message board for Balancer is balancer.finance/blog-feed.

According to CryptoCompare, “Balancer (BAL) is a crypto token associated with the Balancer protocol, a decentralized portfolio manager and liquidity protocol on Ethereum. It enables users to create and manage self-balancing token portfolios called liquidity pools. With customizable features like smart pools, Balancer facilitates trading, liquidity provision, and yield farming. BAL is used for governance, liquidity mining rewards, and staking for a share of trading fees. Created by a team including Mike McDonald, Fernando Martinelli, and Nikolai Mushegian.”

Balancer Token Trading

It is usually not currently possible to buy alternative cryptocurrencies such as Balancer directly using US dollars. Investors seeking to trade Balancer should first buy Bitcoin or Ethereum using an exchange that deals in US dollars such as Changelly, Gemini or GDAX. Investors can then use their newly-acquired Bitcoin or Ethereum to buy Balancer using one of the exchanges listed above.

BAL/USD price chart by TradingView