Binance is set to
delist several tokens, including
BADGER and
BAL, on April 16th. While still a viable investment according to market sources, the
crypto community is still abuzz with rumors of
BAL potentially dropping to zero. The inherent insider nature of the crypto game, as quoted by ZFT's George Asibal, brings a shroud of risk, particularly at a time when Binance has increased monitoring on eleven risky tokens.
Balancer, otherwise known as
BAL is one of DeFi’s largest automated market makers. However, its future remains uncertain, with some predicting a rise to $10, amid news of a sudden 30% fall after the Binance delisting news. The year 2020 hailed the rise of
DeFi, with Balancer echoing Compound's 235% spike on its first day. However, the competitiveness of the market is high, with various other crypto assets launching on Coinbase Pro.
It remains to be seen how this shifting landscape affects the Balancer. Other news handling the crypto intersection with law eases the introduction of digital currencies into the mainstream. However, the looming threat of a 'rug pull', coupled with recent delistings, adds a layer of risk to BAL and similar tokens.
BAL Coin News Analytics from Thu, 03 Nov 2011 07:00:00 GMT to Tue, 08 Apr 2025 20:25:45 GMT -
Rating -7
- Innovation 3
- Information 6
- Rumor -5
