Balancer Price Tops $1.71 on Exchanges (BAL)

Balancer (BAL) traded 1.2% higher against the U.S. dollar during the 24 hour period ending at 7:00 AM ET on March 2nd. Balancer has a total market capitalization of $106.20 million and approximately $10.60 million worth of Balancer was traded on exchanges in the last day. Over the last week, Balancer has traded down 16.6% against the U.S. dollar. One Balancer token can now be purchased for approximately $1.71 or 0.00001989 BTC on cryptocurrency exchanges.

Here’s how similar cryptocurrencies have performed over the last day:

• Taiko (TAIKO) traded 1.8% lower against the dollar and now trades at $0.95 or 0.00001110 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 2.2% lower 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 1.2% higher 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.
• SolvBTC (SOLVBTC) traded up 1.5% against the dollar and now trades at $85,688.22 or 0.99900712 BTC.
• SolvBTC.BBN (SOLVBTC.BB) traded 1.6% higher against the dollar and now trades at $85,559.90 or 0.99751103 BTC.
• Lumi Credits (LUMI) traded 8.9% higher against the dollar and now trades at $0.0162 or 0.00000027 BTC.

About Balancer

Balancer’s launch date was June 20th, 2020. Balancer’s total supply is 67,362,653 tokens and its circulating supply is 62,242,806 tokens. Balancer’s official website is balancer.fi. The official message board for Balancer 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 presently possible to buy alternative cryptocurrencies such as Balancer directly using U.S. dollars. Investors seeking to acquire 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.

BAL/USD price chart by TradingView