Balancer Market Cap Reaches $119.58 Million (BAL)

Balancer (BAL) traded 3.4% lower against the US dollar during the 24-hour period ending at 7:00 AM Eastern on February 6th. During the last seven days, Balancer has traded down 21% against the US dollar. One Balancer token can currently be bought for $1.93 or 0.00001959 BTC on major exchanges. Balancer has a total market cap of $119.58 million and $9.68 million worth of Balancer was traded on exchanges in the last day.

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

• GMX (GMX) traded 0.6% higher against the dollar and now trades at $17.10 or 0.00017348 BTC.
• 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.
• SolvBTC (SOLVBTC) traded 0.3% higher against the dollar and now trades at $98,520.36 or 0.99944674 BTC.
• SolvBTC.BBN (SOLVBTC.BB) traded 0.6% higher against the dollar and now trades at $98,170.70 or 0.99589966 BTC.
• Lumi Credits (LUMI) traded up 8.9% against the dollar and now trades at $0.0162 or 0.00000027 BTC.

Balancer Profile

Balancer launched on June 20th, 2020. Balancer’s total supply is 67,039,093 tokens and its circulating supply is 61,913,292 tokens. The official website for Balancer is balancer.fi. Balancer’s official message board is balancer.finance/blog-feed. 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 purchase alternative cryptocurrencies such as Balancer directly using US dollars. Investors seeking to acquire Balancer should first purchase Bitcoin or Ethereum using an exchange that deals in US dollars such as Coinbase, Gemini or GDAX. 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