Balancer (BAL) Market Capitalization Reaches $65.06 Million

Balancer (BAL) traded down 15.3% against the U.S. dollar during the 1-day period ending at 8:00 AM Eastern on April 7th. One Balancer token can currently be bought for about $1.03 or 0.00001338 BTC on popular exchanges. In the last week, Balancer has traded 21.9% lower against the U.S. dollar. Balancer has a market capitalization of $65.06 million and approximately $16.52 million worth of Balancer was traded on exchanges in the last 24 hours.

Here is how related cryptocurrencies have performed in the last 24 hours:

• Aidi Finance (BSC) (AIDI) traded down 2.2% 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 down 2.2% 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 down 2.2% 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.
• SolvBTC (SOLVBTC) traded down 7.2% against the dollar and now trades at $76,806.68 or 0.99308795 BTC.
• SolvBTC.BBN (SOLVBTC.BB) traded 7.5% lower against the dollar and now trades at $76,202.86 or 0.98528072 BTC.
• AXIA Coin (AXC) traded down 0.1% against the dollar and now trades at $13.43 or 0.00048094 BTC.

Balancer Token Profile

Balancer launched on June 20th, 2020. Balancer’s total supply is 67,886,762 tokens and its circulating supply is 62,879,100 tokens. Balancer’s official Twitter account is @balancer and its Facebook page is accessible here. The official website for Balancer is balancer.fi. Balancer’s official message board 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.”

Buying and Selling Balancer

It is usually not presently 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 Changelly, Gemini or Coinbase. Investors can then use their newly-acquired Ethereum or Bitcoin to buy Balancer using one of the exchanges listed above.

BAL/USD price chart by TradingView