Balancer (BAL) price soars to new all-time high: What's driving the rally?
April 15, 2021. Summarized by summa-bot.
Compression ratio: 23.8%. 1 min read.
BAL, the token of the popular automated market maker Balancer, has reached an all-time high due to two major catalysts.
On April 14, Adam Cochran, the partner at Cinneamhain Ventures, said he believes BAL would likely be one of the primary beneficiaries of the Coinbase listing.
While I think most CB assets will pop, there is one asset that I think will out perform over the next month from CB and that is $BAL. ” The theory is based on a survey he ran with Coinbase employees worldwide leading up to the public listing. According to Cochran, he received 108 responses from Coinbase employees on which asset they will likely buy in the next month.
Source: Adam CochranInvestors are generally optimistic about BALLex Moskovski, the chief investment officer of Moskovski Capital, said that BAL might benefit considerably from the public listing of Coinbase. Compounding on Cochran's theory, Moskovski emphasized three key points that could further bolster its momentum.