Balancer Trading Up 1% Over Last 7 Days (BAL)

Balancer (BAL) traded 3.8% lower against the US dollar during the 1-day period ending at 22:00 PM Eastern on August 17th. Balancer has a market cap of $282.71 million and approximately $30.39 million worth of Balancer was traded on exchanges in the last 24 hours. Over the last seven days, Balancer has traded 1% higher against the US dollar. One Balancer coin can currently be bought for $6.60 or 0.00028129 BTC on exchanges.

Here’s how related cryptocurrencies have performed over the last 24 hours:

  • BITCOIN ADDITIONAL (BTCA) traded 2.5% lower against the dollar and now trades at $23,452.65 or 1.00000000 BTC.
  • Binance USD (BUSD) traded down 0.1% against the dollar and now trades at $1.00 or 0.00004263 BTC.
  • Crypto.com Coin (CRO) traded up 5% against the dollar and now trades at $0.41 or 0.00001075 BTC.
  • Dai (DAI) traded 0% lower against the dollar and now trades at $1.00 or 0.00004264 BTC.
  • Polygon (MATIC) traded down 5.9% against the dollar and now trades at $0.89 or 0.00003793 BTC.
  • Mammoth (MMT) traded 0.6% lower against the dollar and now trades at $1.00 or 0.00004284 BTC.
  • yOUcash (YOUC) traded up 0% against the dollar and now trades at $0.51 or 0.00002180 BTC.
  • FTX Token (FTT) traded 2.4% lower against the dollar and now trades at $30.22 or 0.00128841 BTC.
  • Chainlink (LINK) traded down 5.3% against the dollar and now trades at $8.10 or 0.00034534 BTC.
  • Geegoopuzzle (GGP) traded 0.2% higher against the dollar and now trades at $16.47 or 0.00070233 BTC.

Balancer Profile

Balancer (BAL) is a coin. Its launch date was June 20th, 2020. Balancer’s total supply is 51,560,085 coins and its circulating supply is 42,854,976 coins. Balancer’s official Twitter account is @BalancerLabs and its Facebook page is accessible here. Balancer’s official message board is balancer.finance/blog-feed. The official website for Balancer 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 possible to buy alternative cryptocurrencies such as Balancer directly using U.S. dollars. Investors seeking to trade Balancer should first buy Bitcoin or Ethereum using an exchange that deals in U.S. dollars such as Coinbase, GDAX or Gemini. Investors can then use their newly-acquired Bitcoin or Ethereum to buy Balancer using one of the aforementioned exchanges.

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