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Balancer (BAL) price soars to new all-time high: What’s driving the rally?

BAL, the token of the popular automated market maker Balancer, has reached an all-time high due to two major catalysts. BAL, the native cryptocurrency of Balancer — a popular automated market maker (AMM) utilized by many decentralized finance (DeFi) users to trade cryptocurrencies — surged to new record highs above $70 on April 15. BAL/USDT 1-day price chart (Binance). Source: TradingViewThere are two key reasons behind the uptrend of BAL, namely the buzz around the Coinbase public listing and the resurgence of DeFi blue chips. What is the Coinbase and Balancer hype? On April 14, Adam Cochran, partner at Cinneamhain Ventures,…

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