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Ethereum’s Balancer (BAL) Surges 25%—and More May Be to Come

Bitcoin and Ethereum have bounced a few percent over the past few hours, as are altcoins like Balancer. The Ethereum-based BAL is up 26% in the past 24 hours according to Coin Market Cap, reaching a price of $23.50 for the first time in many days.

At a 26% gain, Balancer is the second best-performing crypto asset in the top 100 cryptocurrencies, only underperforming Cosmos (ATOM).

Analysts say…