What Is Balancer (BAL)?
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.
Who Are the Founders of Balancer?
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 Price Prediction
If you’re looking for Balancer price predictions for 2022, 2023, 2024, 2025, 2030 and want to know where the prices of Balancer (BAL) will go in the future? We will analyze the past prices of Balancer (BAL) and will found out what experts are saying about its future price actions.
Please keep that in mind you need to take this prediction and every other prediction with the intention that this is only the suggestion of some market expert/analysts.
Not to mention predicting something so perfect is completely impossible. But we will try our best. Let’s start.
|Year||Minimum Price||Average Price||Maximum Price|
|USD Price||$ 15.34|
|24h Volume||$ 69,646,807|
Balancer (BAL) Price Prediction
At reconshell.com we predict future Balancer price predictions/BAL forecast by applying deep artificial intelligence-assisted technical Analysis on the past price data of Balancer. We do our best to collect maximum historical data for the BAL coin which include multiple parameters like past price, Balancer marketcap, Balancer volume and few more. If you are looking to invest in digital cryptocurrencies and want good return on your investments, make sure to read our predictions.
Balancer Price Prediction 2022
According to our deep technical analysis on past price data of BAL, In 2022 the price of Balancer is predicted to reach at a minimum level of $15.63. The BAL price can reach a maximum level of $18.44 with the average trading price of $16.22.
Balancer Price Prediction 2023
The price of Balancer is predicted to reach at a minimum level of $22.30 in 2023. The Balancer price can reach a maximum level of $27.52 with the average price of $23.11 throughout 2023.
BAL Price Forecast for 2024-2025
As per the forecast price and technical analysis, In 2024 the price of Balancer is predicted to reach at a minimum level of $33.32. The BAL price can reach a maximum level of $39.02 with the average trading price of $34.24.
The price of 1 Balancer is expected to reach at a minimum level of $50.01 in 2025. The BAL price can reach a maximum level of $58.22 with the average price of $51.72 throughout 2025.
Balancer Price Prediction 2026
Balancer price is forecast to reach a lowest possible level of $72.35 in 2026. As per our findings, the BAL price could reach a maximum possible level of $87.84 with the average forecast price of $74.42.
Balancer Price Prediction 2027
According to our deep technical analysis on past price data of BAL, In 2027 the price of Balancer is forecasted to be at around a minimum value of $103.08. The Balancer price value can reach a maximum of $124.61 with the average trading value of $106.05 in USD.
Balancer (BAL) Price Prediction 2028
The price of Balancer is predicted to reach at a minimum value of $152.88 in 2028. The Balancer price could reach a maximum value of $176.92 with the average trading price of $157.12 throughout 2028.
Balancer Price Prediction/Forecast 2029
As per the forecast and technical analysis, In 2029 the price of Balancer is expected to reach at a minimum price value of $213.86. The BAL price can reach a maximum price value of $262.52 with the average value of $221.72.
Balancer (BAL) Price Prediction 2030
The price of Balancer is predicted to reach at a minimum value of $329.28 in 2030. The Balancer price could reach a maximum value of $376.62 with the average trading price of $338.14 throughout 2030.
Balancer Price Prediction 2031
Balancer price is forecast to reach a lowest possible level of $451.12 in 2031. As per our findings, the BAL price could reach a maximum possible level of $553.53 with the average forecast price of $468.03.
What Makes Balancer Unique?
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. You can learn more about how Balancer works here.
How Many Balancer Tokens (BAL) Are There in Circulation?
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. 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.
How Is the Balancer Network Secured?
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
Where Can You Buy Balancer Token (BAL)?
Balancer allows users to add to liquidity pools to earn $BAL, which is automatically awarded to the users weekly. Top exchanges that support $BAL include Binance, ZenGo, Global, HBTC, Kraken, OKEx, Huobi, etc. To learn how to exchange your fiat currencies for $BAL, here is a detailed guide on how to go about that.