The price of Balancer (BAL) has been steadily increasing, from $0.000037 on January 1st 2017 to $0.007076 on January 3rd, 2019. The launch of a new blockchain project, as well as the release of an MVP in the second quarter of 2020 are expected to push the price upwards.
Introduction
The blockchain technology is revolutionizing many industries and is the biggest disruptor in the financial industry. The ICOs are revolutionizing fundraising and investments, while Bitcoin and Ethereum are disrupting the status quo of currencies. But how will these disruptors change how we transact and invest?
What is Balancer?
Balancer is a coin that is currently an ERC-20 token. It is used to power the Balancer platform. The platform provides a decentralized P2P marketplace for services and goods, acting as an intermediary that eliminates many of the transactions fees and barriers to entry associated with traditional marketplaces.
The Team Behind Balancer
Balancer, Inc. was founded in 1998 with a mission to build sustainable, profitable businesses that create value for all stakeholders and support the communities where they live and work. Balancer is headquartered in Credit Valley, Ontario, Canada and has offices in Toronto and Calgary.
Advisory Board
The Advisory Board is responsible for ensuring that the token is backed by a sustainable business model and will grow in value. They are involved in strategy, liquidity, legal, and compliance.
Roadmap Summary
Balancer has a progressive roadmap in place to lead the project towards its ultimate goal of decentralization. The first part of this journey is scalability, which happens over the next few years with the release of sidechains and sharding. These concepts are proven working solutions to the problem.
Scalability is absolutely necessary before any major advancement can be made on decentralization. With scalability in place, the project can start to push for decentralization via Proof-of-Stake and direct transactions between peers. Balancer will explore other ways of governance so that everyone participates in making a more democratic system for the future.
Current Status and Challenges for BAL
BAL is in the process of adapting to a new market and strategy, which has caused some difficulties. BAL is focusing on simplifying it’s products and companies so it can generate capital. They also plan to produce more advanced products like a battery-charging mat.
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Market Valuation
The Market Valuation of BAL is $41.85B. The Target Price by Brokerages is $35.00. This article will provide insight into the valuation of BAL, as well as prediction for its next year price growth.
Competition in The Market
There is a lot of competition in the market for balancing machines, which means that prices of BAL will probably be stable. This price stability means that it is likely that BAL will not hit $35 soon.
Potential Future Growth In 2022
The price of BAL has been on a downward trend in the past few months. This is likely due to a high amount of supply and low demand at this time. 20-22, the prices for BAL can be expected to start increasing aga https://website.informer.com/thecoinbaskets.comin as we get closer to the end of the year.