Balancer (BAL) Market Cap Achieves $117.44 Million

Balancer (BAL) traded 0.7% higher against the dollar during the 24 hour period ending at 21:00 PM ET on October 12th. One Balancer token can now be purchased for $1.95 or 0.00003098 BTC on major exchanges. Balancer has a market cap of $117.44 million and approximately $3.19 million worth of Balancer was traded on exchanges in the last day. In the last seven days, Balancer has traded down 0.6% against the dollar.

Here’s how similar 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 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 up 8.9% against the dollar and now trades at $0.0162 or 0.00000027 BTC.
• AXIA Coin (AXC) traded down 0.1% against the dollar and now trades at $13.43 or 0.00048094 BTC.
• MVP Coin (MVP) traded 7.9% lower against the dollar and now trades at $0.0499 or 0.00000079 BTC.
• P2P Solutions foundation (P2PS) traded 0.9% higher against the dollar and now trades at $159.83 or 0.00254163 BTC.

Balancer Token Profile

Balancer was first traded on June 20th, 2020. Balancer’s total supply is 65,374,647 tokens and its circulating supply is 60,271,910 tokens. Balancer’s official Twitter account is @balancer and its Facebook page is accessible here. The official website for Balancer is balancer.finance. 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.”

Buying and Selling Balancer

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

BAL/USD price chart by TradingView