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Balancer (BAL) hits an all-time high as DeFi projects trial new solutions

Published 03/19/2021, 02:00 PM
Updated 03/21/2021, 05:20 PM
Balancer (BAL) hits an all-time high as DeFi projects trial new solutions

Balancer (BAL) hits an all-time high as DeFi projects trial new solutions

Decentralized finance (DeFi) was the driving force behind the growth in the cryptocurrency market in early 2021, but lately, the sector has taken a back seat to nonfungible tokens as famous artists and legacy auction houses jump into the NFT ring.

A break from the spotlight has allowed some of the more popular DeFi projects like Balancer to regroup and plan out the next steps for their protocols as they work toward creating a more interoperable, user-friendly DeFi ecosystem.

BAL/USDT 4-hour chart. Source: TradingView
VORTECS™ Score (green) vs. BAL price. Source: Cointelegraph Markets Pro

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