Compound Price Prediction

Compound Price Prediction
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.
Cryptocurrency Compound
Ticker Symbol COMP
Price $ 194.80
Price Change 24H 5.47%
Price Change 7D -2.23%
Market Cap $ 1,235,949,329
Circulating Supply 6,326,282 COMP
Trading Volume $ 59,336,039
All Time High $911.20
All Time Low $61.25
Compound ROI +214.58%
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 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 $600 by the end of the year 2022.

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