Balancer (BAL) Trading 14.6% Higher Over Last Week

Balancer (BAL) traded 7.4% higher against the U.S. dollar during the 24-hour period ending at 22:00 PM ET on June 23rd. Balancer has a market cap of $199.97 million and $30.24 million worth of Balancer was traded on exchanges in the last day. Over the last seven days, Balancer has traded up 14.6% against the U.S. dollar. One Balancer coin can currently be bought for approximately $4.92 or 0.00023311 BTC on major cryptocurrency exchanges.

Here is how related cryptocurrencies have performed over the last day:

  • Binance USD (BUSD) traded 0.1% lower against the dollar and now trades at $1.00 or 0.00004739 BTC.
  • BITCOIN ADDITIONAL (BTCA) traded 2% lower against the dollar and now trades at $20,054.11 or 0.95000000 BTC.
  • Mammoth (MMT) traded 0.1% lower against the dollar and now trades at $1.78 or 0.00008453 BTC.
  • Crypto.com Coin (CRO) traded up 5% against the dollar and now trades at $0.41 or 0.00001075 BTC.
  • Parkgene (GENE) traded flat against the dollar and now trades at $25.59 or 0.00045023 BTC.
  • Dai (DAI) traded 0% higher against the dollar and now trades at $1.00 or 0.00004739 BTC.
  • DREP (DREP) traded flat against the dollar and now trades at $1.96 or 0.00003398 BTC.
  • DREP [old] (DREP) traded flat against the dollar and now trades at $1.96 or 0.00003399 BTC.
  • THETA (THETA) traded flat against the dollar and now trades at $5.25 or 0.00010640 BTC.
  • Polygon (MATIC) traded 22.2% higher against the dollar and now trades at $0.60 or 0.00002834 BTC.

Balancer Coin Profile

Balancer (BAL) is a coin. It launched on June 20th, 2020. Balancer’s total supply is 50,393,818 coins and its circulating supply is 40,637,346 coins. Balancer’s official website is balancer.finance. Balancer’s official Twitter account is @BalancerLabs and its Facebook page is accessible here. The official message board for Balancer is balancer.finance/blog-feed.

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 presently possible to purchase alternative cryptocurrencies such as Balancer directly using U.S. dollars. Investors seeking to trade Balancer should first purchase Ethereum or Bitcoin using an exchange that deals in U.S. dollars such as Coinbase, GDAX or Gemini. Investors can then use their newly-acquired Ethereum or Bitcoin to purchase Balancer using one of the aforementioned exchanges.

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