Coins: 10053 Exchanges: 946 Market Cap: $1,225,562,243,650 1.25% 24h Vol: $48,208,812,807.548 Dominance: BTC 46.65%, ETH 18.33%
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Balancer price

Balancer Price (BAL)

$4.33

1.31%
Rank #179

Balancer Price Chart (BAL/USD)

Last updated 02 Aug 2023, 14:15PM UTC. Currency in USD.

Markets
# Exchange Pair Price Spread Volume(24h) Trust
1 Binance BAL / BUSD $6.10 0.13% $5,433,099
2 BTSE BAL / USD $4.34 0.55% $1,551,165
3 HitBTC BAL / USDT $4.98 0.51% $577,856
4 Huobi Global BAL / USDT $4.41 0.05% $323,092
5 XT.COM BAL / USDT $6.82 0.04% $293,687
6 Binance BAL / USDT $4.47 0.02% $284,356
7 Digifinex BAL / USDT $6.79 0.52% $257,618
8 LATOKEN BAL / USDT $4.32 0.72% $220,395
9 LBank BAL / USDT $4.33 0.69% $130,425
10 CoinW BAL / USDT $4.32 0.12% $117,731
11 Bitget BAL / USDT $4.42 0.22% $90,273
12 Binance BAL / BTC $5.25 0.07% $87,293
13 CoinTiger BAL / USDT $4.37 0.69% $85,142
14 Bitazza BAL / USDT $4.33 0.44% $77,717
15 Phemex BAL / USDT $5.66 0.30% $70,114
16 P2PB2B BAL / USDT $4.31 0.05% $69,961
17 BitMart BAL / USDT $4.36 0.65% $69,550
18 Coinbase Exchange BAL / USD $4.36 0.23% $68,136
19 Bitrue BAL / USDT $7.38 0.10% $62,528
20 Bithumb BAL / KRW $4.36 0.62% $57,371
21 Paribu BAL / TRY $4.32 0.85% $46,541
22 OKX BAL / USDT $4.42 0.16% $43,911
23 BingX BAL / USDT $4.42 0.20% $43,387
24 KuCoin BAL / USDT $4.56 0.29% $42,902
25 LATOKEN BAL / BTC $4.34 1.04% $37,525
26 Coinsbit BAL / USDT $4.31 0.13% $34,986
27 Crypto.com Exchange BAL / USD $4.56 0.52% $30,986
28 Kraken BAL / USD $4.42 0.22% $29,122
29 WhiteBIT BAL / USDT $4.34 0.05% $23,015
30 AEX BAL / USDC $5.66 0.51% $22,230
31 AEX BAL / USDT $5.68 0.51% $21,884
32 FTX BAL / USD $6.33 0.12% $20,636
33 MEXC Global BAL / USDT $4.48 0.20% $17,253
34 Hotbit BAL / USDT $5.23 0.56% $12,887
35 Gate.io BAL / USDT $5.34 0.26% $12,477
36 ProBit Global BAL / USDT $4.34 1.61% $11,781
37 Kraken BAL / EUR $4.41 0.25% $7,956
38 MEXC Global BAL / ETH $4.48 0.71% $7,707
39 Kraken BAL / ETH $6.19 0.21% $6,367
40 FTX BAL / USDT $6.90 0.36% $4,547
41 Crypto.com Exchange BAL / USDT $4.36 0.17% $4,282
42 Bitlo BAL / TRY $4.53 0.84% $4,010
43 CoinEx BAL / USDT $4.29 0.40% $3,407
44 Gate.io BAL / ETH $5.25 3.82% $3,201
45 Crypto.com Exchange BAL / BTC $7.04 0.39% $3,105
46 Coinbase Exchange BAL / BTC $4.75 0.40% $2,828
47 Bitazza BAL / THB $4.31 0.64% $2,254
48 Bitfinex BAL / USDT $4.61 0.22% $2,210
49 Bitfinex BAL / USD $4.46 0.18% $1,997
50 Zipmex BAL / USDT $5.06 1.30% $1,232

BAL Price Statistics

$4
24H Range
$4
  • Balancer Price Now $4
  • 24h Low / 24h High $4 / $4
  • Trading Volume $6,593,915
  • Market Cap Rank #173
  • Market Cap $183,273,314
  • Volume / Market Cap 0.0360
  • All-Time High $74 -94.20%
    May 04, 2021
  • All-Time Low $4 18.19%
    Jun 18, 2022


Introduction to Balancer Cryptocurrency


What is Balancer?


Balancer is a cryptocurrency platform that facilitates automated portfolio management and decentralized trading for various digital assets. It is built on the Ethereum blockchain and is designed to offer users an efficient way to create and manage portfolios, which consist of multiple tokens or cryptocurrencies.

How does Balancer work?


Balancer leverages an algorithmic system known as an Automated Portfolio Manager (APM). This APM automatically adjusts the weight and composition of different tokens in a portfolio based on predefined parameters. This enables users to ensure their portfolio remains balanced and optimized for their investment goals.Balancer operates on a concept called liquidity pools. These pools are essentially smart contracts that hold different tokens in specific proportions. Users can contribute to these pools by depositing their tokens and earning trading fees in return. The fees are generated through the platform's decentralized exchange mechanism, where users can trade different tokens directly from these liquidity pools.

The benefits of using Balancer


Balancer offers several advantages to users. Firstly, it allows for customizable portfolios, enabling users to create unique combinations of tokens based on their preferences. This customization feature provides users with more control over their investments.Secondly, Balancer allows for automated rebalancing of portfolios. This ensures that the composition of tokens remains aligned with the desired ratios, as the APM continuously adjusts the weights based on predetermined settings. This feature helps users maintain a balanced portfolio without requiring constant manual intervention.Additionally, Balancer aims to provide liquidity to tokens that might have lower trading volumes on other exchanges. By pooling different tokens together, Balancer increases their liquidity and makes them more accessible to traders.

Risks and considerations


While Balancer offers numerous benefits, it's important to be aware of potential risks. As with any investment, there is always the possibility of losing funds due to market volatility. It's crucial to conduct thorough research and analysis before investing in any token or portfolio.Moreover, the decentralized nature of Balancer means that users are responsible for managing their own portfolio. It's essential to understand how the APM works and set appropriate parameters to ensure the desired balance is maintained.

In conclusion


Balancer cryptocurrency provides users with an innovative platform for managing portfolios and decentralized trading. Its algorithmic portfolio management system and liquidity pools offer enhanced flexibility and control over investments. However, it's important for users to be mindful of the risks and properly educate themselves before engaging in cryptocurrency trading or investing.