Balancer Hits 1-Day Volume of $7.80 Million (BAL)

Balancer (BAL) traded down 7.4% against the U.S. dollar during the 24 hour period ending at 19:00 PM ET on October 31st. One Balancer token can currently be purchased for $1.85 or 0.00002628 BTC on popular cryptocurrency exchanges. Balancer has a market capitalization of $112.07 million and $7.80 million worth of Balancer was traded on exchanges in the last day. Over the last week, Balancer has traded down 5.7% against the U.S. dollar.

Here’s how similar cryptocurrencies have performed over 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 down 2.2% against the dollar and now trades at $0.0652 or 0.00000239 BTC.
• CareCoin (CARES) traded 2.2% lower against the dollar and now trades at $0.0809 or 0.00000297 BTC.
• Hokkaidu Inu (HOKK) traded up 1.2% 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 8.9% higher against the dollar and now trades at $0.0162 or 0.00000027 BTC.
• SolvBTC (SOLVBTC) traded down 2.6% against the dollar and now trades at $70,265.96 or 0.99838532 BTC.
• SolvBTC.BBN (SOLVBTC.BB) traded down 2.7% against the dollar and now trades at $70,198.29 or 0.99742386 BTC.
• AXIA Coin (AXC) traded 0.1% lower against the dollar and now trades at $13.43 or 0.00048094 BTC.

Balancer Token Profile

Balancer’s launch date was June 20th, 2020. Balancer’s total supply is 65,661,274 tokens and its circulating supply is 60,581,129 tokens. Balancer’s official message board is balancer.finance/blog-feed. The official website for Balancer is balancer.finance. Balancer’s official Twitter account is @balancer and its Facebook page is accessible here.

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.”

Buying and Selling Balancer

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

BAL/USD price chart by TradingView