Balancer Tops 24 Hour Volume of $18.52 Million (BAL)

Balancer (CURRENCY:BAL) traded 0% lower against the dollar during the one day period ending at 23:00 PM Eastern on January 14th. Balancer has a market cap of $120.49 million and approximately $18.52 million worth of Balancer was traded on exchanges in the last 24 hours. One Balancer coin can currently be purchased for about $17.35 or 0.00040402 BTC on major cryptocurrency exchanges. In the last week, Balancer has traded 2.9% lower against the dollar.

Here is how related cryptocurrencies have performed in the last 24 hours:

  • Polygon (MATIC) traded 3.2% higher against the dollar and now trades at $2.35 or 0.00005460 BTC.
  • Binance USD (BUSD) traded 0.2% lower against the dollar and now trades at $1.00 or 0.00002326 BTC.
  • Polygon (MATIC) traded flat against the dollar and now trades at $2.00 or 0.00003275 BTC.
  • Chainlink (LINK) traded 2.9% higher against the dollar and now trades at $25.93 or 0.00060374 BTC.
  • Crypto.com Coin (CRO) traded 0.5% lower against the dollar and now trades at $0.46 or 0.00001069 BTC.
  • Dai (DAI) traded down 0% against the dollar and now trades at $1.00 or 0.00002328 BTC.
  • Parkgene (GENE) traded flat against the dollar and now trades at $25.59 or 0.00045023 BTC.
  • Fantom (FTM) traded 2.8% lower against the dollar and now trades at $2.89 or 0.00006732 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.

About Balancer

Balancer is a coin. Its launch 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. “

Buying and Selling Balancer

It is usually not presently possible to purchase alternative cryptocurrencies such as Balancer directly using US dollars. Investors seeking to trade Balancer should first purchase Ethereum or Bitcoin using an exchange that deals in US dollars such as Coinbase, Changelly or Gemini. Investors can then use their newly-acquired Ethereum or Bitcoin to purchase Balancer using one of the exchanges listed above.

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