2021-9-10 16:41 |
Balancer BAL/USD is a popular automated market maker (AMM). It was initially built on Ethereum, where it introduced a self-balancing weighted portfolio protocol.
This protocol essentially allowed anyone to create or add crypto liquidity to customizable pools, where they could, in-turn earn trading fees as a result.
The WallStreetBets dApp Integration as a catalyst for growthOn September 8, Balancer announced that WSBDapp’s ETPs are coming to V2, intended to bridge the gap between traditional and decentralized finance (DeFi) investing.
WSBDapp is a blockchain-based trading platform that the WallStreetBets subreddit original founders specifically created.
DeFi is this suite of decentralized financial applications which aim to replace traditional investing, and they do this through facilitating lending, borrowing, and trading without the need of an intermediary.
Balancer also integrated with the Algorand blockchain, Polygon for layer-2 solutions, as well as the Ethereum scaling solution known as Arbitrum.
Should you invest in Balancer (BAL)?On September 9, Balancer (BAL) had a value of $26.67.
To get a better perspective as to exactly what kind of value point this is, we’ll be comparing it to its all-time high value as well as its more recent performance throughout the previous month.
When it comes to the all-time high value of Balancer (BAL), it had a value of $74.45. This was achieved on May 4.
Here, we can see that its price on May 4 was 179% higher or $47.78 higher. It had its lowest pin on August 3, where the value dropped to $20.80.
The highest value point was achieved on August 23, with a value of $31.55. This marked an increase in value of $10.75 or by 51%.
According to data from IntoTheBlock, Balancer (BAL) saw $23.16 million in total exchange inflows within the last seven days, as well as $22.24 million in total exchange outflows.
Balancer (BAL) also saw $149.74 million in transactions greater than $100,000 in the last seven days.
As for the network activity, we can see a 30-day average of 36.36k addresses, with a 30-day high of 36.55k and a 30-day low of 36.07k addresses.
With this being said, we can expect the token to grow to $31.20 by the end of September, which makes it a worthwhile investment.
The post DeFi Protocol Balancer has integrated With the WallStreetBets cryptocurrency app, should you invest in BAL? appeared first on Invezz.
Similar to Notcoin - Blum - Airdrops In 2024
BlockMason Credit Protocol (BCPT) на Currencies.ru
|
