BAL (Balancer) coin
It is a soft coin with a slightly attractive name.
It is a form similar to the above swap such as Uniswap and pancakeswap.
However, the person pooling the BAL coin has 8 coins, not just 1 coin.
There are 3 pools that the Balancer protocol has
1. Private Pool: Have governance power over the pool
2. Shared Pool: Being a liquidity provider. Same as normal swap
3. Smart Pool: A private pool with smart contracts.
In a very simple analogy, if you pool with BAL coin, you can receive interest in various places like -> swap (received in BAL)
Unlike Uniswap, it is possible to diversify investment with 1 BAL coin -> 8 different assets.
It's kind of special.
Considering that about 3 million dollars have been invested in VC as a seed round so far, the team is not bad.
So, let's take a look at the outlook for 2022.
This is a weekly candle chart
If you look at the circled part, the trading volume was huge.
If you check this volume, it is larger than the volume generated when it surged in early January 2021 and the volume that came out when it plummeted in May.
It's a story of giant whales accumulating.
The average unit price of a giant whale is about $20.
There was talk of dropping BAL from the giant crypto fund Grayscale. yesterday.
However, as the price was defended, the price rose along with the increase in trading volume.
This signal means that the big hand has entered
After all, in the long run, there is room for a significant uptrend.
short term tp : $50
long term tp : $120
If you invest in a long term for a long time, it is a coin that seems to be able to earn 6 times or more.
Everyone, please put it in the items of interest!
