When users interact with Compound — borrowing or repaying a loan — they can be rewarded with COMP tokens. While the entire crypto market is vulnerable to how regulators pursue crypto, Compound, and other DeFi protocols are more at risk because of the lending factor. According to our current Compound price prediction, the value of Compound will increased by 215.83%, reaching $163.36 by end of 2025. Compound was initially sold at 1 COMP to $34 in its ICO (initial coin offering) in June 2020.
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- This would represent a 14.58% price increase for COMP in the next 5 days.
- COMP’s price is down by 11% over the past 24 hours, mirroring the performance of the broader cryptocurrency market.
- On the Compound, the cryptocurrency has been resilient during these bear markets and price prediction for the same is optimistic.
- However, we need to wait some more months to predict the future of Compound more precisely.
- The 50-day SMA is calculated by adding together Bitcoin’s closing prices in the last 50 days, and dividing the total by 50.
An RSI reading under 30 indicates that the asset is currently undervalued, while an RSI reading above 70 indicates that the asset is currently overvalued. Many cryptocurrency traders pay close attention to the markets when the current Compound price crosses an important moving average like the 200-day SMA. According to our Compound price prediction, COMP is forecasted to trade within a price range of $ 43.21 and $ 47.01 this week. Compound will increase by 8.79% and reach $ 47.01 by Oct 09, 2023 if it reaches the higher value target.
Compound price prediction using fundamental analysis
At Compound, cTokens are issued as a token representation of the total amount of collateral deposit. The Fear & Greed Index combines several market and investment indicators, including 30- and 90-day volatility, trading volume, social media activity, and Google Trends data. The Fear & Greed Index can be a useful measure of Compound investors’ sentiment, and is based primarily on Bitcoin-related market data. The price moved up to $242.94 on 5 January 2022, but then declined to $94.13 on 24 February as cryptocurrency markets lowered along with the financial markets. The price began to rebound in March and reached $173.91 on 3 April, as the markets attempted to rebound.
EToro is a multi-asset investment platform with more than 2000 assets, including stocks, ETF’s, indices, commodities and Cryptoassets. EToro users can connect with, learn from, and copy or get copied by other users. The rise of DeFi in the last year or so has seen many crypto platforms pop up that offer better services than their fiat counterparts. Compound is perhaps the most famous among all DeFi lending platforms and it allows people to lend and borrow crypto assets by leveraging smart contracts and eliminating the need for middlemen.
- The Fear & Greed Index can be a useful measure of Compound investors’ sentiment, and is based primarily on Bitcoin-related market data.
- Comp current value is at $321.62, 421.27% above its all-time low of $910.54 on Thursday, 18 June.
- The 50% retracement level has been providing strong support, while the 61.8% level is proving to be a major resistance point.
- The team behind the Compound network has been active in developing the platform and expanding its use cases, which could further drive the coin’s value in the future.
- Even though the Compound prices seem bullish, Compound and other Cryptos are volatile and can change their price direction at any time.
Some candlestick formations are seen as likely to forecast bullish price action, while others are seen as bearish. In highly volatile cryptocurrency markets, it is important to do your own research on a coin or token to determine if it is a good fit for your trading portfolio. Whether the COMP token is a suitable asset for you will depend on your risk tolerance and how much money you intend to trade. CoinPriceForecast’s Compound coin price prediction for 2022 saw the token trading at $63.25 by year-end.
How to Buy Compound (COMP)
Based on the Ethereum network, Compound fuels its whole ecosystem through its native COMP token. Compound Coin is the new entry into Decentralized Financed world, it has Money market protocol built on Ethereum Blockchain. However, Ethereum ecosystem help compound to give birth to new Ethereum asset-based money market on their decentralized nodes. Basically, this cashaa price market work as pool of asset which follow basic algorithm derive from interest rate that depend on demand and supply of desire asset. Compound (COMP) is an ERC-20 asset that implements decentralized finance and gives power to the community governance of the Compound Protocol. These token holders can delegate debates, vote, and propose any change in the protocol.
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Compound is a coin supported to “farm” the cryptocurrency; demand for the asset has picked up, increasing the ongoing price. A year ago, Compound proved liquid crypto gold its mettle when all the other cryptos fell. Most traders use candlestick charts, as they provide more information than a simple line chart.
Compound (COMP) Price Prediction by different market resources
Please note, the above is a purely opinion-based piece, based on relevant data available. Let’s see what the technical indicators show and what can be analysed from these. The Relative Strength Index (RSI 14) is a widely used indicator that helps inform investors whether an asset is currently overbought or oversold. The RSI 14 for Compound is at 53.48, suggesting that COMP is currently neutral. Traders also like to use the RSI and Fibonacci retracement level indicators to try and ascertain the future direction of the COMP price. To get a better idea of what could happen to the Compound price in the future, it’s helpful to also explore Compound’s price history.
The moving averages are also in line with the bearish momentum, as the 50 and 200-day MAs are below the price action. 50-day, 100-day and 200-day moving averages are among the most commonly used indicators in the crypto market to identify important resistance and support levels. If the COMP price moves above any of these averages, it is generally seen as a bullish sign for Compound. Conversely, a drop below an important moving average is usually a sign of weakness in the COMP market. Moving averages are among the most popular Compound price prediction tools. As the name suggests, a moving average provides the average closing price for COMP over a selected time frame, which is divided into a number of periods of the same length.
Compound will start 2030 at $85.88, then soar to $91.03 within the first half of the year, and finish 2030 at $96.15. In this period, the Compound price would rise from $83.59 to $108.79, which is +30%. Compound will start 2030 at $83.59, then soar to $88.61 within the first half of the year, and finish 2030 at $93.59. In this period, the Compound price would rise from $84.34 to $111.28, which is +32%. Compound will start 2030 at $84.34, then soar to $89.40 within the first half of the year, and finish 2030 at $94.43. In this period, the Compound price would rise from $78.97 to $104.20, which is +32%.
Compound Price Prediction 2022 and Beyond – Can COMP Reach $1,000?
DigitalCoinPrice, suggests an upswing in the year 2023 when the coin could be worth $95.29. The site suggests the token will be worth $85.38 by the end of the year and gives an average Compound coin price prediction of $95.26 in 2024 and $89.96 in 2025. The site’s Compound coin price prediction for 2025 is $124.37 but also suggests COMP may then recede to $112.27 in 2026. According to our Compound forecast for 2029, the COMP coin is expected to trade at $401.12 as the highest price. The average forecast price for 2027 is $358.75 while the minimum price is expected to be $346.76. Compound’s all-time high price was $179.77 on October 31st, 2019.
Below you’ll get to find some expert opinions on the Compound price prediction and where the market sees the crypto going in the next few years. Are you looking for the recent Compound price prediction & forecast? We’ll be exploring what the experts have to say about Compound’s future performance to answer the question ‘Will COMP go up in the future? how to buy a fox This is a prediction and the market can change anytime as per the disclosure of positive or a piece of negative news. The one-day candlestick and moving averages from Binance charts also doesn’t show a positive outlook either. Compound regularly introduces new investing pools, with the latest additions of TUSD and LINK in the last few months.
In this case, the Compound platform’s TVL covers its Liquidity pool and collateral deposits available. Users of the platform can vote on several issues such as interest allocation, which coins to add to the platform, and many more. Therefore, it promotes transparency and trust, which is a vital aspect of any blockchain project. It provides them with global expansion, a wide network of users and dApps (decentralized applications), and continual developments and upgrades. You can mine or generate cTokens while your wallet is linked to the network. Upon activation of the asset, users can then send or loan according to their needs.