The COMP price prediction for 2021, 2022, and 2025 is $0.00, $0.02, and $0.06 respectively.
Compound Coin Price Prediction 2025 is a cryptocurrency prediction for the year of 2025. The price will be $0.00 and the market capitalization will be $1,000,000,000. Read more in detail here: compound coin price prediction 2025.
Do you want to understand how crypto asset pricing work? Are you a De-Fi fan? Then continue reading! In this post, you will learn more about the Defi protocols and how they operate. We’ll also go further into the subject by looking at the COMP protocol, predicting the COMP price, and much more. So far, everything seems to be in order? Then prepare yourself.
Historical Price Analysis Using Compounding
The distribution of COMP began on June 15, 2020, with the token being distributed to Compound Finance protocol users.
A Uniswap pool was established shortly after the distribution began, allowing COMP coins to be exchanged on one of the most prominent decentralized exchanges. The price of the COMP token was then set at $16.
The first price of the COMP token was about $71,35, according to coingecko. On June 18, 2020, the all-time low was achieved, with a closing price of only $61.25. The all-time high of $549.88 per token was achieved only a few days ago, on February 8, 2021.
Details on the current price, market capitalization, and supply
The COMP price is $481 at the time of writing, with a trading volume of $590,577,923.28. The coin is now placed 35th on the list of cryptocurrencies with the largest market capitalization, with a market share of 0.15 percent. The market capitalization is increasing, and it has already hit $2,231,911,721.34. Compound has a circulating supply of 4,607,174 COMP tokens and a total supply of 10,000,000 COMP tokens. The COMP ROI is 376.4 percent, which is very remarkable.
What is the return on investment (ROI) and why is it important? The ROI (Return on Investment) ratio calculates the amount of profit earned after deducting the cost of the investment. The return on investment is computed as follows:
(Current Value of Investment/Cost of Investment)/Cost of Investment Equals Return on Investment. It is a highly helpful measure since it aids in determining the investment’s desirability.
Rank in Compound (COMP): 54
Future Price Predictions for Compound (COMP)
Why do COMP price forecasts? Let me explain why price forecasts are produced in general. First and foremost, they are very useful in determining the worth of an item. Despite the fact that cryptocurrency values are very unpredictable, they do indicate whether or not the asset is popular. Another significant consideration is that understanding the price that the currency or token may have in the future is essential for developing and/or modifying your trading strategy.
However, keep in mind that these types of predictions or forecasts do not always guarantee 100 percent accuracy. These are mainly intended to assist you rather than to provide trading tips.
Forecast for the Near Future
*This price forecast is based on data gathered from a variety of sources and is intended only for educational purposes. It should not be construed as financial advice. Before investing, users should do their own research.
Price Prediction for COMP in 2021
According to forecasts and technical analysis, the price of one Compound token (COMP) will most likely reach $850,86 by the end of 2021, representing a 78.5% increase.
Price Prediction for COMP in 2022
The price of COMP token is expected to reach $982,19 in 2022, which is 106,06 percent more than the current asset price.
Price Prediction for COMP in 2025
In four years, the price of the COMP token may be approximately $1503,21, representing a significant increase of 215,36 percent.
The Best Place to Purchase COMP
Best Wallets for Keeping COMP
Is it a Good Idea to Invest in COMP?
With a current ROI rate of 376.4 percent, the COMP token may be considered a solid investment if all of the aforementioned information is taken into account. However, it’s always a good idea to obtain a bigger view and keep up to speed on all the latest crypto market news, Defi news, and protocol technical changes. You’ll be able to view things more clearly and create your own COMP price forecast this way. Also, the Compound procedure is worth investigating since it allows you to generate passive income, which is ideal for those who are wary of hazardous investments.
What is the best way to purchase COMP?
Because the COMP token is so popular, there are a plethora of locations where you may purchase it. Using an exchange is one of the simplest methods to do so. For those worried about the security of their money, there are both custodial and non-custodial exchanges. Binance, OKEx, Bitfinex, Kraken, and other prominent exchanges may be used. Kraken has put up a handy guide to assist you in purchasing COMP tokens. Going to coingecko is a quick and simple method to check all the exchanges that accept COMP.
COMP Detailed Information
What exactly is COMP?
It’s probably best if I explain the Defi procedures first and then take you to the Compound.
Defi stands for decentralized finance, and it is a financial system made up of smart contract-based financial services. They were developed to let users to handle their assets in a decentralized, third-party-free way, similar to that of a bank. Because they remove the need for middlemen and allow users to connect with one another through a peer-to-peer system, the Defi services may already be considered a viable alternative to banks. Aside from allowing anybody to borrow money, these services also allow users to generate passive income and save money on fees for transfers, loans, and deposits.
The Ethereum blockchain underpins the majority of current DeFi services, and the number of innovative applications in the area of decentralized finance is rapidly increasing. According to the defipulse.com site, the total value locked on smart contracts for Defi apps is $39.65 billion at the time of writing.
Now it’s time to go further into the Compound procedure. Compound is a decentralized lending service that runs on the Ethereum blockchain. In essence, any owner of a supported cryptocurrency may deposit it into the smart contract, where it will join the liquidity pool and begin earning interest. The interest is generated by other users who borrow money and pay interest on it.
There is, however, one exception. Until now, it operated in a similar manner to how a bank handles money. When money are taken from a bank, however, they stop earning interest. The Compound protocol creates tokens called cTokens when money are deposited. Users will get an equal quantity of cETH when Ethereum (ETH) is deposited in Compound in this manner. Following that, these tokens may be used as collateral for a loan, effectively allowing the money to be spent while still collecting interest.
The Compound’s primary supply and demand smart contracts govern the amount of interest generated. When a significant number of individuals want to borrow a certain asset, the smart contract raises the interest rate to entice lenders and make the loan more costly. Tether (USDT), Dai, Wrapped Bitcoin (WBTC), and Basic Attention Token are among the nine assets now accepted on Compound, all of which are based on Ethereum (BAT).
COMP is an ERC-20 token that is used to manage the Compound protocol’s governance. COMP token holders and their delegates may debate, propose, and vote on different protocol modifications.
According to the experts, after the COMP token was made accessible for trade on major exchanges like as Binance and Coinbase, the majority of its owners chose to sell it. The price of COMP fell from $ 400 to $ 250 on June 23, only days after it became traded on Coinbase. According to a recent research by Flipside Crypto, most holders of COMP, Compound’s DeFi protocol governance token, utilize it mainly for speculation.
Flipside Crypto found from its research that the majority of COMP token holders do not utilize it for lending or borrowing. These findings had little effect on the development of Compound, which has just surpassed Maker as the leader in the area of decentralized finance. According to DeFiPulse, the total amount of money blocked in the protocol is close to $ 4,8 billion.
These tokens are dispersed across Compound markets (ETH, USDC, DAI, and so on) in accordance to the interest earned. Within each market, 50% of COMP tokens are distributed to lenders and 50% are distributed to borrowers.
Users may use the built calculator to determine the return on their Compound investments if they want.
The Compound team, according to the company’s official website, consists of:
Leshner, Robert (CEO)
Former economist, Chartered Financial Analyst, and creator of two software companies.
Hayes, Geoffrey (CTO)
Core Services at Postmates was headed by Exthereum maintainer and technical founder of two companies.
Torrey Atcitty is a character in the film Torrey Atcitty (APPLICATION LEAD)
At Postmates, Kahuna, and Aha Mobile, I was in charge of mobile development.
Calvin Liu is a Chinese actor (STRATEGY LEAD)
Previously worked at Gusto as an analyst, at Promontory as a digital currency adviser, and as a long-time crypto investor.
Berry, Coburn (SENIOR ENGINEER)
Former attorney and experienced web stack developer from The RealReal.
And other seasoned engineers, for example.
Whether you want to generate passive but risk-free income or just want to purchase the protocols’ native tokens cheaply and sell them at a higher price, the Compound protocol and the Defi services are certainly worth your attention. The Defi services are now exhibiting strong dynamism, and they are, predictably, very popular. The COMP coin and the Compound protocol are in the same boat. You should certainly have a look at both of these!
Compound Price Prediction (COMP) is a tool that predicts future prices of cryptocurrencies. The COMP for 2021, 2022, & 2025 are the predicted prices for each year. Reference: compound price prediction today.
Frequently Asked Questions
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Is comp a good investment 2021?
Comp is a good investment for 2021.
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