Balancer Hits One Day Volume of $19.57 Million (BAL)

Balancer (BAL) traded 0.7% higher against the US dollar during the 24 hour period ending at 8:00 AM Eastern on May 29th. One Balancer coin can now be purchased for about $6.76 or 0.00023141 BTC on exchanges. During the last week, Balancer has traded down 14.9% against the US dollar. Balancer has a market capitalization of $46.92 million and approximately $19.57 million worth of Balancer was traded on exchanges in the last day.

Here’s how other cryptocurrencies have performed during the last day:

  • BITCOIN ADDITIONAL (BTCA) traded 1.2% higher against the dollar and now trades at $29,185.56 or 0.99956842 BTC.
  • Binance USD (BUSD) traded 0.1% higher against the dollar and now trades at $1.00 or 0.00003430 BTC.
  • Crypto.com Coin (CRO) traded up 5% against the dollar and now trades at $0.41 or 0.00001075 BTC.
  • Parkgene (GENE) traded flat against the dollar and now trades at $25.59 or 0.00045023 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.
  • Dai (DAI) traded up 0.1% against the dollar and now trades at $1.00 or 0.00003429 BTC.
  • THETA (THETA) traded flat against the dollar and now trades at $5.25 or 0.00010640 BTC.
  • Polygon (MATIC) traded up 1.1% against the dollar and now trades at $0.59 or 0.00002019 BTC.
  • yOUcash (YOUC) traded down 0% against the dollar and now trades at $0.50 or 0.00001713 BTC.

About Balancer

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 message board is balancer.finance/blog-feed. Balancer’s official Twitter account is @BalancerLabs and its Facebook page is accessible here. 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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