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Balancer

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BAL
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1 BAL = 3.75 USD
Last updated 2024-04-25 13:47:52(UTC-0)

Balancer price live data summary

The live price of Balancer is $3.75 per (BAL / USD) today with a current market cap of $211.41M USD. The 24-hour trading volume is $9.76M USD. BAL to USD price is updated in real time. Balancer is -7.82% in the last 24 hours. It has a circulating supply of 56,308,492 .

What is the highest price of BAL?

BAL has an all-time high (ATH) of $74.77, recorded on 2021-05-04.

What is the lowest price of BAL?

BAL has an all-time low (ATL) of $2.92, recorded on 2023-10-19.

Balancer price prediction

Set your prediction

When is a good time to buy BAL? Should I buy or sell now?

When deciding whether to buy or sell BAL, you must first consider your own trading strategy. The trading activity of long-term traders and short-term traders will also be different. The Bitget BAL technical analysis can provide you with a reference for trading.
According to the BAL 4h technical analysis, the trading signal is Strong sell.
According to the BAL 1d technical analysis, the trading signal is Strong sell.
According to the BAL 1w technical analysis, the trading signal is Strong sell.
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Balancer price performance in USD

24h7d30d90d1yAll-time
-7.82%-0.10%-28.32%+3.44%-41.33%-80.77%

Balancer price history in USD

TimeLowHigh
24h$3.72$4.04
7d$3.58$4.12
30d$3.42$5.36
90d$3.42$6.16
1y$2.92$6.5
All-time$2.92(2023-10-19, 189 days ago )$74.77(2021-05-04, 2 years ago )

Balancer market information

Market cap
$211,405,502.35
-7.82%
Fully diluted market cap
$360,989,735.73
-7.82%
Volume (24h)
$9,763,868.25
+44.05%
Market rankings
Circulation rate
+89.00%
24h volume / market cap
0.0461
Circulating supply
56,308,492 BAL
Total supply / Max supply
62,919,667.91 BAL
96,150,704 BAL
ICO price
$0.6000 ICO details

Balancer ratings

Average ratings from the community
4.6
100 ratings
This content is for informational purposes only.

Balancer Social Data

In the last 24 hours, the social media sentiment score for Balancer was 2, and the social media sentiment towards Balancer price trend was Bearish. The overall Balancer social media score was 2,000, which ranks 659 among all cryptocurrencies.

According to LunarCrush, in the last 24 hours, cryptocurrencies were mentioned on social media a total of 1,318,607 times, with Balancer being mentioned with a frequency ratio of 0%, ranking 763 among all cryptocurrencies.

In the last 24 hours, there were a total of 168 unique users discussing Balancer, with a total of Balancer mentions of 40. However, compared to the previous 24-hour period, the number of unique users increase by 12%, and the total number of mentions has decrease by 20%.

On Twitter, there were a total of 1 tweets mentioning Balancer in the last 24 hours. Among them, 0% are bullish on Balancer, 100% are bearish on Balancer, and 0% are neutral on Balancer.

On Reddit, there were 1 posts mentioning Balancer in the last 24 hours. Compared to the previous 24-hour period, the number of mentions decrease by 0% . Additionally, there were 0 comments mentioning Balancer. Compared to the previous 24-hour period, the number of mentions decrease by 0%.

Visão geral das redes sociais

Average sentiment(24h)
2
Social score(24h)
2.00K(#659)
Social contributors(24h)
168
+12%
Social mentions(24h)
40(#763)
-20%
Social dominance(24h)
0%
Twitter
Tweets(24h)
1
0%
Twitter sentiment(24h)
Bullish
0%
Neutral
0%
Bearish
100%
Reddit
Reddit score(24h)
0
Reddit posts(24h)
1
0%
Reddit comments(24h)
0
0%

About Balancer(BAL)

What Is Balancer?

Balancer is an automated market maker (AMM) protocol and a decentralized exchange (DEX) on Ethereum and other EVM-compatible blockchains. Balancer offers a decentralized alternative to traditional exchanges, allowing users to trade Ether and various ERC-20 tokens in a trustless and permissionless environment. This innovative platform has been making waves in the cryptocurrency space, offering a unique approach to liquidity provision and asset management.

Founded by Balancer Labs and led by the experienced duo of Fernando Martinelli and Mike McDonald, Balancer has rapidly ascended to prominence since its inception in 2018. It operates akin to a decentralized index fund, where users can create or join liquidity pools that function as automatically rebalancing portfolios. These pools can contain up to eight different tokens in any ratio, offering a level of customization and flexibility that sets it apart from other AMMs. Balancer's protocol is governed by its native utility token, BAL, which plays a pivotal role in the platform's decentralized governance and incentive structure.

Resources

Whitepaper: https://balancer.fi/whitepaper.pdf

Official Website: https://balancer.fi/

How Does Balancer Work?

Balancer operates through a sophisticated set of algorithms that manage the interactions between liquidity providers, liquidity pools, and traders. These algorithms work tirelessly to rebalance assets within pools and find the most advantageous prices across different pools, fostering a dynamic and efficient trading environment. The platform's core functionality revolves around liquidity pools, which can be created or joined by users to facilitate trades and earn fees from trading activities.

Liquidity providers are at the heart of Balancer's ecosystem, contributing assets to pools and earning a share of the trading fees in return. These providers can formulate their own strategies, determining the asset ratios within the pools they create or join. Balancer offers a range of pool types, including shared pools open to all users, private pools controlled by individual owners, and smart pools governed by smart contracts. These pools constantly rebalance their assets algorithmically, ensuring an active market with abundant trading opportunities.

Traders, on the other hand, seek the best prices for their token exchanges. Balancer's protocol scans its vast array of liquidity pools to find the most favorable prices, facilitating trades that also aid in rebalancing the pools. This symbiotic relationship between traders and liquidity providers creates a harmonious ecosystem where incentives are aligned, and value is generated for all stakeholders.

What Is BAL Token?

The BAL token is the native utility token of the Balancer platform. The total supply of BAL is 96,150,704 and the circulating supply as of September 2023 is 52,132,644. BAL token holders have the privilege of participating in the governance of the Balancer protocol, where they can propose, discuss, and vote on various improvement proposals. This community-driven approach ensures that the platform evolves in a way that aligns with the interests and needs of its user base.

Moreover, BAL tokens are distributed to liquidity providers on a weekly basis, rewarding them for their contributions to the platform's liquidity pools. The amount of BAL tokens earned is proportional to the liquidity provided, fostering a system where active participation is incentivized. This token not only represents ownership in the Balancer ecosystem but also has demonstrated significant market value, reaching notable highs since its inception.

Balancer's Impact on Finance

Balancer is at the forefront of the DeFi revolution, embodying the principles of decentralization, democratization, and automation in finance. By reimagining the concept of traditional index funds, Balancer has created a platform where financial management is more accessible, transparent, and efficient. Its automated, decentralized index funds eliminate the need for intermediary fund managers, redirecting fees to liquidity providers instead.

Furthermore, Balancer's innovative approach to liquidity provision and asset management has spurred growth and innovation in the burgeoning DeFi sector. Its flexible and customizable liquidity pools offer a novel way for investors to manage their portfolios, fostering a more inclusive and dynamic financial ecosystem. As Balancer continues to evolve and expand its offerings, it stands as a beacon of innovation, paving the way for a more decentralized and equitable financial future.

What Determines Balancer's Price?

In the dynamic world of cryptocurrency, the Balancer (BAL) price today is influenced by a myriad of factors that enthusiasts and investors keenly observe. A critical aspect that determines the BAL crypto price is the trading volume it experiences on various exchanges. A surge in the Balancer (BAL) trading volume often signals heightened interest in the asset, potentially driving up the Balancer token price. Moreover, the BAL token current value is intricately linked to broader market trends and sentiments, which can be gleaned from a detailed Balancer (BAL) price analysis. Investors often turn to platforms like Bitget to follow the Balancer (BAL) historical price data, aiding them in making informed predictions about the potential trajectory of the asset.

As we delve deeper into the factors influencing the Balancer cryptocurrency price, it's essential to consider the role of news and developments surrounding the platform. The latest news on Balancer (BAL) price can significantly sway investor sentiment, either bolstering confidence or inciting caution. Furthermore, the current price of BAL token is often impacted by the overall health and trends of the cryptocurrency market, which can be volatile and subject to rapid fluctuations. Investors and traders frequently consult the Balancer (BAL) price chart to gauge the asset's performance over time, utilizing tools like BAL to USD conversion to assess its value in relation to other prominent cryptocurrencies.

Looking ahead, several experts and platforms such as Bitget venture into offering a Balancer (BAL) price forecast, drawing upon a range of analytical techniques and market insights. These predictions, while speculative, serve as a guide for investors eyeing potential opportunities in the BAL market. Moreover, the Balancer (BAL) ROI is a vital metric for investors, indicating the returns the asset has generated over a specific period. As the community eagerly awaits updates and developments, the Balancer token price prediction remains a hot topic of discussion, with many optimistic about its future prospects and the potential to offer substantial returns. Keeping a close eye on the Balancer (BAL) live price and adapting strategies accordingly remains a cornerstone of successful investment in this promising cryptocurrency.

Conclusion

In conclusion, Balancer emerges as a pivotal player in the decentralized finance (DeFi) sector, offering a revolutionary automated market maker (AMM) protocol and decentralized exchange (DEX) platform. Its groundbreaking approach to liquidity provision and asset management, characterized by customizable liquidity pools and decentralized governance facilitated by the BAL token, marks a significant shift towards a more inclusive and dynamic financial ecosystem. Balancer's platform not only offers a secure and transparent environment for trading Ether and various ERC-20 tokens but also incentivizes participation through a robust rewards system. As it continues to spearhead innovation within the blockchain network and cryptocurrency space, Balancer stands as a beacon of financial democratization and decentralization, promising a transformative impact on the broader financial landscape. Keeping abreast with the BAL token's market trends and developments, which can be monitored through platforms like Bitget, remains crucial for investors looking to harness the potential opportunities presented by this burgeoning cryptocurrency.

How to buy Balancer (BAL)

Buying Balancer on Bitget is fast and simple.
You just have to create an account, complete identity verification, deposit funds, and your trading journey is all set!
For more information, refer to How to buy Balancer (BAL) .

Trade BAL perpetual futures

After having successfully signed up on Bitget and purchased USDT or BAL tokens, you can start trading derivatives, including BAL futures and margin trading to increase your income.

The current price of BAL is $3.75, with a 24h price change of -7.82%. Traders can profit by either going long or short onBAL futures.

Join BAL copy trading by following elite traders.

After signing up on Bitget and successfully buying USDT or BAL tokens, you can also start copy trading by following elite traders.

People are also inquiring about the price of Balancer.

What is the current price of Balancer?

We update our Balancer to USD price in real time. Get the live Price of Balancer on Bitget.

What is the 24 hour trading volume of Balancer?

Over the last 24 hours, the trading volume of Balancer is $9.76M.

What is the all-time high of Balancer?

The all-time high of Balancer is $74.77. This all-time high is highest price for Balancer since it was launched.

Can I buy Balancer on Bitget?

Yes, Balancer is currently available on Bitget’s centralized exchange. For more detailed instructions, check out our helpful How to buy Balancer guide.

Can I get a steady income from investing in Balancer?

Of course, Bitget provides a strategic trading platform, with intelligent trading bots to automate your trades and earn profits.

Where can I buy Balancer with the lowest fee?

We're pleased to announce that strategic trading platform is now available on the Bitget exchange. Bitget offers industry-leading trading fees and depth to ensure profitable investments for traders.

What is use case of Balancer?

Balancer Pool is an automated market maker that functions as a self-adjusting portfolio and price tracker. Unlike typical index funds with management fees, Balancer lets you earn fees from traders who rebalance your portfolio through arbitrage. It's based on a concept introduced by V. Buterin, developed by Alan Lu, and also used by Uniswap. Balancer achieves this balance using an N-dimensional surface and maintains constant value proportions in each portfolio asset. This approach was independently derived and is considered reliable.

What is price prediction of Balancer?

BAL's price is influenced by project news, exchange activity, public sentiment, and broader crypto and economic trends. With a limited supply of 100 million tokens, BAL resembles Bitcoin as a scarce asset and potential store of value. Demand comes from users in Balancer pools earning trading fees and from governance rights, where BAL holders can shape the protocol. As Balancer's user base grows through upgrades and DeFi trends, BAL's price may rise.

How does governance work with Balancer?

The Balancer protocol incorporates governance through its native BAL token, allowing the Balancer community to propose and approve updates. BAL token holders actively participate in this process by voting on proposed changes, essentially representing ownership of Balancer.

What is the significance of distributing Balancer (BAL) tokens to liquidity providers?

Distributing BAL tokens to liquidity providers incentivizes their participation and ownership in the Balancer protocol. This approach aligns with the trend in DeFi towards decentralized governance and ownership models, fostering community accountability and contributing to the significant growth of the Balancer platform in the DeFi space.

How are the Balancer (BAL) tokens distributed?

Out of the 100 million total BAL supply, 25% is earmarked for the team, while 5% each goes to the Balancer Ecosystem Fund and the fundraising fund. The remaining tokens, around 65%, will be gradually mined by liquidity providers at a weekly rate of 145,000 tokens. Assuming this emission rate remains constant, it will take approximately 8.6 years for all BAL tokens to enter the circulating supply.

How does Balancer compare to traditional index funds?

Balancer is akin to a traditional weighted index fund but designed for the DeFi ecosystem. It can manage portfolios with up to eight ERC-20 tokens. Instead of manual rebalancing, Balancer uses an algorithm to automatically rebalance assets within pools every time a trade occurs, ensuring an active market. Unlike traditional index funds that charge fees for rebalancing, Balancer rewards liquidity providers with trading fees and BAL tokens, which represent ownership and governance rights. By automating and decentralizing index fund concepts, Balancer exemplifies DeFi's innovative and democratized approach to finance.
Cryptocurrency investments, including buying Balancer online via Bitget, are subject to market risk. Bitget provides easy and convenient ways for you to buy Balancer, and we try our best to fully inform our users about each cryptocurrency we offer on the exchange. However, we are not responsible for the results that may arise from your Balancer purchase. This page and any information included are not an endorsement of any particular cryptocurrency.

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BAL is available for trading on the Bitget Exchange, and can be held in custody on Bitget Wallet. Bitget Exchange is also one of the first CEX platforms to support BAL trades.
You can trade BAL on Bitget.

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