Serban’s Crypto Picks: Trading Call – BUY $BAL
Entering $BAL at $24.5 with SL set at $21 and TP at $37. Should be a quick trade as it looks primed for a move up further.
BAL description from coinmarketcap.com
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.