Balancer (BAL) Trading 14.7% Lower Over Last 7 Days

Balancer (CURRENCY:BAL) traded 0.1% higher against the dollar during the 24 hour period ending at 19:00 PM Eastern on April 21st. One Balancer coin can now be purchased for approximately $55.22 or 0.00101875 BTC on popular cryptocurrency exchanges. In the last week, Balancer has traded 14.7% lower against the dollar. Balancer has a market cap of $383.41 million and approximately $173.28 million worth of Balancer was traded on exchanges in the last day.

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

  • Chainlink (LINK) traded down 4.1% against the dollar and now trades at $36.63 or 0.00067582 BTC.
  • THETA (THETA) traded down 5.3% against the dollar and now trades at $11.13 or 0.00020542 BTC.
  • DREP (DREP) traded down 21% against the dollar and now trades at $1.96 or 0.00003398 BTC.
  • DREP [old] (DREP) traded 19.5% lower against the dollar and now trades at $1.96 or 0.00003399 BTC.
  • Binance USD (BUSD) traded down 0% against the dollar and now trades at $1.00 or 0.00001845 BTC.
  • Crypto.com Coin (CRO) traded 0.9% lower against the dollar and now trades at $0.19 or 0.00000358 BTC.
  • FTX Token (FTT) traded 1.9% lower against the dollar and now trades at $51.12 or 0.00094309 BTC.
  • Aave (AAVE) traded 1.3% lower against the dollar and now trades at $356.62 or 0.00657978 BTC.
  • PancakeSwap (CAKE) traded 0.8% higher against the dollar and now trades at $26.42 or 0.00048743 BTC.
  • Maker (MKR) traded up 15.6% against the dollar and now trades at $3,991.59 or 0.07364587 BTC.

Balancer Profile

Balancer (CRYPTO:BAL) is a coin. Its genesis date was June 20th, 2020. Balancer’s total supply is 35,725,000 coins and its circulating supply is 6,943,831 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 presently 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 Changelly. Investors can then use their newly-acquired Bitcoin or Ethereum to buy Balancer using one of the exchanges listed above.

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