It is quite likely to outperform its current all-time high (ATH) of around $911.2. Furthermore, COMP has the potential to reach this level this year. After three years of running as an application/protocol on the Ethereum network, Compound decided to introduce its own native token, called COMP. COMP/USD started life on June 15 last year, as we mentioned above at around $140 according to our cryptocurrency rates. That showed the increasing interest for DeFi and the COMP coin as a result.

As per past price data and COMP coin price prediction, the crypto value will scale at the peak of $78.78, while the minimum price may be $32.43 in 2023. If you invest money in the Compound token at the right time, you may earn decent profits, as crypto’s worth is only expected to grow. By 2026 Compound will offer an immense variety of different coins to borrow and lend.

• 2025 will see the DeFi sector and lending sector continue to expand, dragging the price of Compound up with it.
• Holders of a number of supported cryptocurrencies can lend in this application, while others can borrow these digital currencies.
• As the exchange rate of these receipt tokens increases, users can redeem more of the deposited assets.
• This process can be used to determine which cryptocurrencies to support, and the various collateralisation factors and token distribution rules.
• However, the bulls have been able to hold the $30 support level for the last 3 weeks, preventing any further declines.

The piece of news is an important one because COMP is now available to more traders and investors globally, thanks to eToro’s position in the digital asset trading market. Apart from Compound Price Prediction, we suggest our readers conduct the maximum possible research before making any investment. The Compound looks strong with limited supply and community support but cryptos are an extremely volatile asset. Cryptos change their prices like a roller coaster and can rise or fall in seconds.

Probably yes, right now it unpredictable and we don’t have its stable value, so after it complete 2 3 month of listing then start thinking about investment. Users send money, which is used by other users and it is paid back with interest. A user is only allowed to borrow money if they have more how is crypto taxed than what they are borrowing. This is for security reasons because, in the case of not returning money, it is compensated as collateral from the account. All this automated process is made possible by smart contracts and stored in the native cToken that represents value and stake in the pool.

Why did compound coin Spike?

But with that in mind, there will always be unknown factors that could crash the price of COMP/USD in the blink of an eye. 2023 will see Compound encourage more DeFi applications to launch on its platform by investing in them via its treasury. Our COMP prediction for 2023 determined that a high of $65 is achievable. The low estimate for 2023 is $42 and Compound can close the year at an average price of $53.5.

• However, before you can engage in exchange, you will need to confirm your identity.
• After announcement made officially in the price graph it hiked from $74 USD to $163 USD i.e. 120% change in price within less than 42 hours.
• Compound often pumps and the same dump but it’s normal in the crypto market.
• On the flip side, emerging potent rivals and stiffer competition could land the price at $35.29.
• It then forms another bottom, then finally forms the highest price peak.

The 7-day and 25-day moving averages, though reducing their falling values, are starting to converge. This might indicate that COMP might remain stuck within a tight range. The large scale 99-day MA shows a very different value, but it also seems to flatten. Using its in-house AI system to make accurate predictions, Gov Capital has a little bleak outlook for the rest of June. In the next couple of days, COMP might see a small drop, followed by another one, estimating a monthly low of $134 (losing approximately one-third of its current value). There is an expected bounce back in the last days of June, but estimates range from an optimistic $184.34 and a pessimistic $165.89.

Cryptopolitan daily

According to our current Compound price prediction, the price of Compound is predicted to rise by 14.73% and reach $ 49.58 by October 10, 2023. According to our technical indicators, the current sentiment is Bearish while the Fear & Greed Index is showing 48 (Neutral). Compound recorded 15/30 (50%) green days with 7.78% price volatility over the last 30 days. Based on our Compound forecast, it’s now a bad time to buy Compound.

As we analyzed the past performance of Compound, it is a promising project. However, no one can claim to have the accurate price behavior of cryptos. As the Compound project is growing, many crypto traders are curious to know whether Compound can hit a $1000 cap or not. Compound has already about to cross $1000 in 2021 but it stopped at $911. If we measure the old performance, we can say that Compound has the capacity to hit the target of $1000. As per our long-term Compound prediction, it can hit a $1000 cap between 2030 and 2032 if current growth continues.

What is the compound price prediction for April 2025?

As we have seen in the past, a great bull run or bear rally can destroy all the price predictions in seconds so it’s not easy to say that the price predictions can be accurate. If more investors are attracted to the Compound project the price of Compound can skyrocket and it may hit its $1000 target before our Compound token forecast. Compound yesterday hits all time lowest price after trading at $55.83 USD level, as bearish market continues to hunt many reputed project. However, June 2022 could be different, as market for last 3 to 4 month remain in bear sentiment. Compound need to break through $60 USD price level and next target will be $100 USD, which could complete within one week. The platform help to established connection between borrowers and lenders, so users can borrow crypto asset by using any asset as collateral available in the market.

The platform provides cryptocurrency holders with an opportunity to earn extra coins through yield farming. Its governance token, Compound, is used to pay for transaction fees within how to form a dao the Compound blockchain. Arguably, Compound Comp has had an impressive bull run since its launch in 2018. The Compound coin has increased significantly in price over the years.

Does compound coin have a future?

At TradingBeasts, we do our best to provide accurate price predictions for a wide range of digital coins like Compound. We update our predictions daily working with historical data and using a combination of linear and polynomial regressions. Last month, leading social investment platform eToro added support for a few decentralised protocol tokens, including COMP.

A risk analysis is essential before Compound or any other crypto investment. When a user deposits tokens to a Compound pool, they receive tokens in return. These tokens represent the individual’s stake in the pool and can be used to redeem the underlying cryptos initially deposited into the pool. Our Compound price prediction model sees the potential of reaching a maximum price of $86.42 in 2024 with an average price of $71.21 and a minimum price of $60.87. Some traders try to identify candlestick patterns when making cryptocurrency price predictions to try and get an edge over the competition.

Compound has undoubtedly a great future that has the backing of real use cases. Since its launch date, Compound has shown extensive growth in the crypto market. Compound Token has given a great return to its initial investors in 2021 when it hits a new ATH level.

Since COMP would be stable for a long time, this increase might come quite easily. In this prediction, we aim to give a realistic idea of how Compound (COMP) is going to do in the upcoming months and groestlcoin difficulty years. Furthermore, this article contains information about the coin itself and will also provide information on the price and overall analysis of its market cap, supply, and its ups and downs.