Compound: Let Us Question Why?

Blockchains were developed on an algorithm that was always on the lookout to create a protocol that could address the loopholes in borrowing and lending of fiat currency. However, there still remained some questions unanswered related to borrowing and lending. Enormous transaction fees and lack of transparency and restricted liquidity being major hurdles in the field of developed platforms. Bitcoin as well as the Ethereum network failed to redress these issues too.

Compound Overview

Cryptocurrency Compound
Ticker Symbol COMP
Price $68.68
Price Change 24H +8.81%
Price Change 7D -17.00%
Market Cap $435,189,589
Circulating Supply 7,126,047 COMP
Trading Volume $67,409,648
All Time High $911.20
All Time Low $59.02
Compound ROI -39.78%

The Compound is an algorithmic, autonomous interest rate protocol built for developers, to unlock a universe of open financial applications. Cryptocurrencies like Compound have gradually pervaded the mainstream consciousness and gained traction. Compound (COMP) is an ERC-20 asset that empowers community governance of the Compound protocol. Check coin overview before we start with Compound price prediction.
The entire framework of Compound relies on zero-disclosure evidence, thereby allowing mathematical consistency of the entire transaction procedure which is cross-checked without revealing any data or message on the other party involved in the transaction. Putting the power ultimately in the hands of the user, Compound has regular upgrade schedules, which means this protocol is adaptable to meet the varied use cases of today, as well as the unforeseen use cases of tomorrow.

What Makes Compound Unique?

What makes Compound stands out from its competitors like ETH, Bitcoin and others is that here the decision-making is built into the blockchain itself. Compound, with its open lending platform, allows them to earn interest on their balance of supported Ethereum tokens or take out a secured loan. Compound’s community governance makes it apart from other protocols. The Compound is also actively involved in reshaping legislation and compliance to innovative commercial standards challenging the current ecosystem. Team Compound realizes the full potential of blockchain can be harnessed only when the fundamental framework is in place to make this revolutionary technology a dream come true.

Compound interoperability keeps companies’ blockchains updated. It provides them global expansion, a wide network of users and dapps (decentralized applications), and continual developments and upgrades.

Compound Technical Analysis

However, going by the coin price prediction and technical price analysis of the entire crypto community and inverse rate, Compound has shown tremendous potential consistently performing and recovering the lost value. COMP today’s range shows a major recovery showing quite a bullish pattern boosted by a strong growth despite the adverse market trends. Competing with counterparts like Stellar and Ethereum, Compound is ranked among the top 100 currencies and its price is expected to do great in five years.

By November 2020, the COMP price reached a lower $85 but surprisingly the pandemic seemed to have no effect on Compound nor any resistance level. On the contrary, it showed an altogether different movement in exchange rates. Since the beginning of this year, the price continued to have an upward swing with Compound touching a price point around $340.

Compound Cryptocurrency: The Expert Analysis

The Compound protocol has had a historic journey throughout. Expert investors of cryptocurrencies have the following price predictions for Compound Coin.

Based on our COMP forecast, a long-term increase is expected, the price prognosis for 2026 is $6.304 US Dollars. Wallet Investor Predictions

Compound (COMP) price forecast might surprise investors reaching a minimum price of $60 by the end of 1 year and by 2023, the COMP exchange rate might trade up to $111 making it a good investment for five years. Long Forecast

The Compound price is forecasted to reach $86.446 by the beginning of December 2022. The expected maximum price is $127.127, minimum price $86.446. As per Compound price prediction 2022, it might trade around $101.701 by the end of this year. Trading Beasts

Compound (COMP) has a bright future. According to our COMP predictions, the coin might reach $173.86 by the end of 2022 and cross $249.66 by the end of 2026. Digital Coin Price

Compound Coin price prediction or you can say Compound Coin forecast is done by applying our deep learning algorithm on the historical data of COMP. Based on our COMP forecast, the coin might touch $289.0866 by the end of this year with a 114.27% hike from the current price. CryptoGround

Our Compound forecast data indicates that the asset price has been on an uptrend for the past 1 year. These predictions take several variables into account such as volume, price action, market cap, etc. The future price of COMP is predicted at $1053.062828 after a year according to our price forecast. GOV Capital

The current price of the Compound is around $123.82. The COMP price increased by 93% from the beginning of the year. Based on our Compound forecast, the price at the end of 2022 might be around $214 – and the year-to-year change +80%. Coin Price Forecast

Compound Price Forecasts: 2022-2026

 

TradingView Chart

It would not be an exaggeration that Compound prices might break all the barriers and withstand the test of time. The Compound price today is $123.76 with a market capitalization of $817,447,619.19. The 24-hour trading volume of COMP is $97,099,634.31 with a circulating supply of 6,596,025 COMP. Let’s check out the price prediction of Compound for various period of time:

Compound Price Prediction 2022

If all market factors turn in the favour of Compound price, this digital asset shall perform exuberantly scaling the peak as aforesaid. Transgressing all limitations over the next year, even though it may show some sluggish trends, the Compound price would surely show signs of fortune for its investors. According to our COMP predictions, the token might cross the minimum price of $310 by the end of the year 2022.