BAL, the native cryptocurrency of Balancer, the popular automated market maker (AMM) utilized by many DeFi users to trade cryptocurrencies, has surged to new record highs above $70 on April 15. BAL/USDT 1-day price chart (Binance). Source: TradingView.comThere are two key reasons behind the uptrend of BAL, namely the buzz around the Coinbase public listing and the resurgence of … [Read more...] about Balancer (BAL) price soars to new all-time high: What’s driving the rally?
Decentralized finance (DeFi) was the driving force behind the growth in the cryptocurrency market in early 2021 but lately, the sector has taken a back seat to nonfungible tokens as famous artists and legacy auction houses have been jumping into the NFT ring. A break from the spotlight has allowed some of the more popular DeFi projects like Balancer (BAL) to regroup and plan … [Read more...] about Balancer (BAL) hits an all-time high as DeFi projects trial new solutions