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BAL (Balancer) Token Analysis 03/05/2021As we have analyzed and Invested in this Token earlier and Achieved our Targets, we are now Updating the New Targets: Fundamentals: Balancer is an Automated Market Maker (AMM), which was developed on the Ethereum blockchain and launched in March 2020. It was able to raise a $3M seed round by Placeholder and Accomplice. Balancer protocol functions as a self-balancing weighted portfolio, price sensor and liquidity provider. It allows users to earn profits through its recently introduced token ($BAL) by contributing to customizable liquidity pools. The protocol operates a few types of pools: 1. Private pools give the owner governance over the pool, and make the person the sole contributor of liquidity to the pool. Also, all the parameters are mutable by the owner. 2. Shared pools are for those who want to become liquidity providers (LPs). The LPs are rewarded with the Balancer Pool Tokens (BPTs). 3.Smart pools are similar to private pools but are controlled by a smart contract. They also reward using BPTs and allow anyone to contribute liquidity to the pool. Balancer is similar to Uniswap and Curve, in that it enables anyone to create pools of tokens. The pool adjusts itself to keep the tokens equally weighted regardless of changes in their price. However, one unique feature of Balancer is that more than one token can be added and ETH isn’t required. Although, Balancer isn’t the first DeFi protocol to make use of AMMs, however, it has brought a new face and approach to liquidity. The unique feature of the protocol is that it allows Liquidity providers to have up to eight assets per market which are weighted by percentage and rebalanced automatically. With Balancer, users don’t have to deposit 50% of the desired asset, but are allowed to decide how much of a supported asset they wish to deposit. Another unique feature of Balancer Lab is that users can make a high return on assets that are in low demand through arbitrage opportunities and slippage-reduction. For Balancer, security is a top priority and that is why the protocol has been fully audited three times by Trail of Bits, ConsenSys and OpenZeppelin. There are no admin keys or backdoors, hence, making it trustless, and the balancer pools are not upgradeable. Balancer does not support tokens that do not conform to the ERC-20 standard, even though they may be in use on some pools. The tokens held on Balancer pools are not controlled by Balancer, but are smart contracts. Nevertheless, that does not remove the inherent risks of smart contracts. The configurable rights pools (CRPs) ensure that tokens with known issues are barred from being used in pools. It further ensures that all other tokens safely interact with the protocol Balancer Lab was founded by Fernando Martinelli and Mike McDonald, but it began as a research program at a software firm “BlockScience” in 2018. The Balancer project features intelligent, like-minded fellows with an acute understanding of the DeFi space. Fernando Martnelli, a serial entrepreneur and Maker community member, has many years of work experience outside of Balancer. He co-founded many other companies before he started Balancer with his partner, Mike McDonald. Mike McDonald is the co-founder and CTO at Balancer. He is a security engineer and the creator of mkr.tools He joined Fernando Martnelli to build the Balancer platform. Kristen Stone, COO at Balancer, has worked in the crypto industry for over five years. She was a product manager at Coinbase and has built teams in product and engineering. Timur Badretdinov, is the frontend developer and has worked on several projects before working at Balancer. He founded a company called “Longcaller,” a platform focused on providing cryptocurrency reviews and educational blockchain content. Balancer wasn’t launched with a native token. However, in June 2020, they launched a governance token, $BAL, following the success of Compound’s token COMP. The purpose of the token is to allow for more decentralization and as an incentive for LP. AS Of the total 100M tokens that were created, 25M were reserved for the team, core developers, investors and advisors. 5M tokens were allocated for the Balancer Ecosystem Fund, which would be used as incentives for strategic partners. Another 5M were allocated for the fundraising fund. This fund will be used by Balancer to support its operation and growth at future fundraisings. The remaining tokens are to be mined by liquidity providers on the platform and are released at a rate of 145K per week. Provided the distribution rate is kept constant, it would take approx. 8.6 years to finish distributing the tokens. The live Balancer price today is $62.53 USD with a 24-hour trading volume of $73,881,313 USD. Balancer is down 0.27% in the last 24 hours. The current CoinMarketCap ranking is #144, with a live market cap of $434,229,896 USD. It has a circulating supply of 6,943,831 BAL coins and a max. supply of 100,000,000 BAL coins. Technical Analysis: The Token has done its Initialization and Accumulation Phase, followed by few impulsive cycles and Distribution, Retracements. currently as at has done its Retracement, it seems to be on, an explosive Impulsive Wave. There exist Hidden Bullish Divergence of Price with MACD, which is the sign of Bullish Trend Continuation. The Support Areas which have Been Defined with the Price Actions, are having heavy Confluences with the Fibonacci Retracement levels which are defined on the Chart. There are total of 3 Targets Defined by Fibonacci Projection of the initial Impulsive cycle.
Long
by BitonGroup
5
BAL (Balancer) Token Analysis 28/03/2022Fundamental Analysis: Balancer is an automated market maker (AMM) that was developed on the Ethereum blockchain and launched in March 2020. It was able to raise a $3M seed round by Placeholder and Accomplice. Balancer protocol functions as a self-balancing weighted portfolio, price sensor and liquidity provider. It allows users to earn profits through its recently introduced token ($BAL) by contributing to customizable liquidity pools. The protocol operates a few types of pools: Private pools give the owner governance over the pool, and make the person the sole contributor of liquidity to the pool. Also, all the parameters are mutable by the owner. Shared pools are for those who want to become liquidity providers (LPs). The LPs are rewarded with the Balancer Pool Tokens (BPTs). Smart pools are similar to private pools but are controlled by a smart contract. They also reward using BPTs and allow anyone to contribute liquidity to the pool. Balancer is similar to Uniswap and Curve, in that it enables anyone to create pools of tokens. The pool adjusts itself to keep the tokens equally weighted regardless of changes in their price. However, one unique feature of Balancer is that more than one token can be added and ETH isn’t required. Although, Balancer isn’t the first DeFi protocol to make use of AMMs, however, it has brought a new face and approach to liquidity. The unique feature of the protocol is that it allows Liquidity providers to have up to eight assets per market which are weighted by percentage and rebalanced automatically. With Balancer, users don’t have to deposit 50% of the desired asset, but are allowed to decide how much of a supported asset they wish to deposit. Another unique feature of Balancer Lab is that users can make a high return on assets that are in low demand through arbitrage opportunities and slippage-reduction. For Balancer, security is a top priority and that is why the protocol has been fully audited three times by Trail of Bits, ConsenSys and OpenZeppelin. There are no admin keys or backdoors, hence, making it trustless, and the balancer pools are not upgradeable. Balancer does not support tokens that do not conform to the ERC-20 standard, even though they may be in use on some pools. The tokens held on Balancer pools are not controlled by Balancer, but are smart contracts. Nevertheless, that does not remove the inherent risks of smart contracts. The configurable rights pools (CRPs) ensure that tokens with known issues are barred from being used in pools. It further ensures that all other tokens safely interact with the protocol Balancer Lab was founded by Fernando Martinelli and Mike McDonald, but it began as a research program at a software firm “BlockScience” in 2018. The Balancer project features intelligent, like-minded fellows with an acute understanding of the DeFi space. Fernando Martnelli, a serial entrepreneur and Maker community member, has many years of work experience outside of Balancer. He co-founded many other companies before he started Balancer with his partner, Mike McDonald. Mike McDonald is the co-founder and CTO at Balancer. He is a security engineer and the creator of mkr.tools He joined Fernando Martnelli to build the Balancer platform. Kristen Stone, COO at Balancer, has worked in the crypto industry for over five years. She was a product manager at Coinbase and has built teams in product and engineering. Timur Badretdinov, is the frontend developer and has worked on several projects before working at Balancer. He founded a company called “Longcaller,” a platform focused on providing cryptocurrency reviews and educational blockchain content. Balancer wasn’t launched with a native token. However, in June 2020, they launched a governance token, $BAL, following the success of Compound’s token COMP. The purpose of the token is to allow for more decentralization and as an incentive for LP. Of the total 100M tokens that were created: 25M were reserved for the team, core developers, investors and advisors. 5M tokens were allocated for the Balancer Ecosystem Fund, which would be used as incentives for strategic partners. 5M were allocated for the fundraising fund. This fund will be used by Balancer to support its operation and growth at future fundraisings. The remaining tokens are to be mined by liquidity providers on the platform and are released at a rate of 145K per week. Provided the distribution rate is kept constant, it would take approx. 8.6 years to finish distributing the tokens. The current CoinMarketCap ranking is #408, with a live market cap of $98,199,044 USD. It has a circulating supply of 6,943,831 BAL coins and a max. supply of 100,000,000 BAL coins. Technical Analysis: The Asset has fallen 85% Lower than its All Time High, it is at a very Discounted Price and Currently at the accumulation zone, soon the Smart Money effect shall Appear on the Price Value. The Current Price is very much subjective to the Defi MarketCap and Bitcoin Dominance, as the Total Market Cap is on its New rally we can expect the Capital Inflows to the Entire Crypto Environment, and If Bitcoin Dominance Drops Below the Current 43% level, then we can expect the Price value Appreciations As the price value Start its Bullish trend From these kind of Discounted Zones such as Fib 78.6% or lower such as 85%, we can Rationally expect the ATH to be easily Achievable and ultimately developing the new cycle thus new ATH. There are Total of 3 Targets defined by the Average Confluences of the Fibonacci Expansion and Fibonacci Trend Base Extension. these confluences Points can even be counted as the Major Pivot Points . The 3 TP gets its confirmation as the Bullish trend Triggers the 2 TP followed by some Price correction and Reaccumulation. on its Up Formation rally.
Long
by BitonGroup
Balancer (BAL) Buy ZoneBalancer (BAL) Buy Zone -------------------- BIAS Long-Term : Bullish Risk : Medium For the first time in week our mid-term outlook on the market has become neutral. This has been due to our current drop from our $75 All Time High down to $11 which we're currently ranging with decent long-term support. -------------------- $BAL/USDT LONG SETUP Leverage : x3 - x5 Entry Price : 10.7 - 11.05 TP 1 : 11.25 TP 2 : 11.55 TP 3 : 11.9 TP 4 : 12.2 TP 5 : 12.55 TP 6 : 12.95 TP 7 : 13.25 TP 8 : 13.5 Stop Loss : 10.3 *Maximum 3% of Portfolio. *Unload 12.5% at each TP. Whenever TP 2 hits, Move stop loss to entry. --------------------
Long
by Zerene
1
🆓Balancer (BAL) Mar-24 #BAL $BAL BAL has conquered the $12 zone and is continuing to move towards the $15 zone. It completely broke through the MA200 to move up to the $20 zone. 📈RED PLAN ♻️Condition : If 1-Day closes ABOVE 12.5$ zone 🔴Buy : 12.5 🔴Sell : 15 - 17.5 - 20 📉BLUE PLAN ♻️Condition : If 1-Day closes BELOW 12.5$ zone 🔵Sell : 12.5 🔵Buy : 11 - 9 ❓Details 🚫Stoploss for Long : 10% 🚫Stoploss for Short : 5% 📈Red Arrow : Main Direction as RED PLAN 📉Blue Arrow : Back-Up Direction as BLUE PLAN 🟩Green zone : Support zone as BUY section 🟥Red zone : Resistance zone as SELL section
Long
by CryptoStation
2
BALBalancer is an automated market maker (AMM) that was developed on the Ethereum blockchain and launched in March 2020. It was able to raise a $3M seed round by Placeholder and Accomplice. Balancer protocol functions as a self-balancing weighted portfolio, price sensor and liquidity provider. It allows users to earn profits through its recently introduced token ($BAL) by contributing to customizable liquidity pools. To learn more about this project, check out our deep dive of (coinmarketcap.com
Long
by DrGhanizadeh
is history repeat again ? 🤔Hello traders 🐺 . sometimes if you look at the chart deeply and with the enough precision , you are able to find very trade able patterns and make money out of them ; so this time it's BAL turn and I want to show you the possible upcoming trade , so stick with me until the very end and make sure to follow me for more support 🐺🙏 . Let's start with the 3D chart to give you the overall view for the BAL situation and then we will go to the hourly chart to see the possible trade and the best entry point for the long position : in the 3 days chart , we can see that previously when for the first time , BAL price rejected from the weekly resistance structure (red box) , BAL was started to retracement to the 8.3$ and during that retracement , BAL created a very clear descending channel , and currently we have the same thing again 🤔🤯 , if you look at the chart with more attention you will see that after the rejection from the weekly resistance structure or if I want to say clearly , when BAL failed to hold above the weekly support , comes down more and more ; after the secondary test of that structure , ​bears push BAL to the lower price targets even lower than the previous low and BAL currently trade around 10$ . but what is important for us is the formation of the same pattern something very look likes from what we had in the past , if you remember I said in the beginning of the idea , BAL created the descending channel for the first time after the rejection from the weekly resistance , and now we have the almost same thing , but this time we have the falling wedge , which is the bullishly bias pattern , and in my opinion there is very strong chance for the BAL to repeat the history again and goes up to the ATH price 🐺🤯 . Also if you look at the RSI value , you will see that in the RSI , we have the falling pattern again and in my opinion when RSI could break the resistance level , that would be a nice buy opportunity for the BAL . let's goes to the 4H chart : in the 4H chart BAL created a ascending triangle pattern which is also a bullish pattern , also price currently is at the support line so if price can goes above the 4H triangle there is strong chance for testing the upper trend line of the falling wedge . Thank you guys for reading my idea , also don't forget to like my ideas and follow me for more support🙏 .
Long
by Kiu_Coin
10