Balancer Price Tops $6.29 on Top Exchanges (BAL)

Balancer (BAL) traded 2.1% higher against the U.S. dollar during the 24-hour period ending at 15:00 PM ET on August 6th. During the last seven days, Balancer has traded 5.5% lower against the U.S. dollar. Balancer has a total market cap of $265.27 million and $25.62 million worth of Balancer was traded on exchanges in the last 24 hours. One Balancer coin can now be bought for approximately $6.29 or 0.00027114 BTC on exchanges.

Here’s how similar cryptocurrencies have performed during the last 24 hours:

  • BITCOIN ADDITIONAL (BTCA) traded up 1.2% against the dollar and now trades at $23,187.34 or 1.00000000 BTC.
  • Binance USD (BUSD) traded 0% lower against the dollar and now trades at $1.00 or 0.00004313 BTC.
  • Crypto.com Coin (CRO) traded 5% higher against the dollar and now trades at $0.41 or 0.00001075 BTC.
  • Dai (DAI) traded 0% higher against the dollar and now trades at $1.00 or 0.00004312 BTC.
  • Polygon (MATIC) traded up 1.5% against the dollar and now trades at $0.92 or 0.00003957 BTC.
  • Mammoth (MMT) traded 0.1% lower against the dollar and now trades at $0.84 or 0.00003622 BTC.
  • yOUcash (YOUC) traded 0% higher against the dollar and now trades at $0.51 or 0.00002205 BTC.
  • FTX Token (FTT) traded 2.1% higher against the dollar and now trades at $30.82 or 0.00132896 BTC.
  • Chainlink (LINK) traded 2.6% higher against the dollar and now trades at $7.84 or 0.00033827 BTC.
  • Geegoopuzzle (GGP) traded 4.2% higher against the dollar and now trades at $15.70 or 0.00067718 BTC.

Balancer Coin Profile

BAL is a coin. Its launch date was June 20th, 2020. Balancer’s total supply is 51,340,543 coins and its circulating supply is 42,193,807 coins. Balancer’s official message board is balancer.finance/blog-feed. Balancer’s official Twitter account is @BalancerLabs and its Facebook page is accessible here. Balancer’s official website is balancer.finance.

According to CryptoCompare, “An AMM, or Automated Market Maker is a general term that defines an algorithm for creating and managing liquidity.¬†Instead of paying fees to portfolio managers to rebalance the users' portfolio, they collect fees from traders, who rebalance their portfolio. Users can earn returns by providing liquidity or as a trader swap between any assets in the global liquidity pool. “

Balancer Coin Trading

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

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