BAL is trading at $4.31 USD with a 24-hour trading volume of $12,548,386 USD. BAL is up 1.44% in the last 24 hours and has a market cap of $216.76 million USD.
BAL is ranked #195 on CoinMarketCap and has a circulating supply of 54.52 million tokens out of a total supply of 61.32 million tokens.
Balancer Crypto Price Prediction
Looks good here for a buy.
Weekly Price Analysis
- BAL started the week at $3.77 USD on 3 Jan 2024 and reached a weekly high of $5.45 USD on 7 Jan 2024.
- BAL experienced a sharp correction on 8 Jan 2024, dropping to $3.96 USD, before recovering slightly to $4.31 USD on 10 Jan 2024.
- BAL’s weekly performance was influenced by several factors, such as the overall market sentiment, the launch of a new coin called BALD on Coinbase’s new chain Base, and the news of Balancer pools facing ongoing exploits.
Future Outlook
- BAL is a governance token of Balancer, a decentralized portfolio manager and liquidity protocol on Ethereum.
- Balancer allows users to create and manage self-balancing token portfolios called liquidity pools, and earn profits by contributing to customizable liquidity pools.
- Balancer is one of the leading projects in the decentralized finance (DeFi) space, and has a loyal and active community of users and developers.
- BAL’s future price may depend on several factors, such as the adoption and innovation of the Balancer protocol, the competition and collaboration with other DeFi projects, the regulation and security of the crypto space, and the supply and demand of the token.
News Roundup
- Here are some of the latest news headlines related to Balancer and BAL:
- Balancer Pools Face Ongoing Exploits – Details: A report by Bitcoinist reveals that Balancer pools have been targeted by hackers who exploited a vulnerability in the protocol, resulting in the loss of over $500,000 worth of tokens.
- Crypto Insiders Are Going Crazy Over Balancer, Polygon, and Tradecurve: A article by The Merkle highlights the popularity and potential of Balancer, Polygon, and Tradecurve, three DeFi projects that are attracting attention and investment from crypto insiders.
- BALD Coin Hits $70M Market Cap In 24 Hrs: A news story by Crypto News announces the launch of a new coin called BALD, which is based on Balancer’s technology and runs on Coinbase’s new chain Base. The coin soared to a $70 million market cap in less than 24 hours, before correcting.
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