The Compound price prediction is very popular among crypto enthusiasts and investors. Compound is a decentralized financial (DeFi)protocol which allows users to borrow and lend cryptocurrencies directly.
Since its launch in 2018 the platform has grown in popularity and the native token COMP has been one of the most popular DeFi tokens on the market. Many investors want to know the Compound token price to be able to make an informed decision about whether to buy, sell, or hold COMP tokens.
This article will examine some of the possible factors which could affect the price of Compound in the future. We’ll also provide an estimate of its price for the next few months.
What Is Compound?
Compound, a protocol for decentralized financial (DeFi), allows users to borrow and lend cryptocurrencies directly without the need of intermediaries. The platform was launched in 2018 and has gained popularity quickly among crypto enthusiasts because of its innovative features.
Compound is a protocol built on Ethereum’s blockchain that allows users to earn money by lending cryptocurrency to others. Platform uses algorithmic markets to calculate interest rates. These can change based on demand and supply. The platform allows users to borrow cryptocurrency by putting up collateral, which can be other crypto currencies. This collateral is stored in a smart-contract, which guarantees that it is safe and can be liquidated at any time.
Top Recommended Platforms
Cryptocurrency assets are volatile in nature. Buy and trade at your own risk.
Trading with financial instruments carries high level of risks that is not suitable for all investors. Before making any investment decisions, you should seek advice from independent financial advisor to ensure you understand the risks involved.
Trading with financial instruments carries high level of risks that is not suitable for all investors. Before making any investment decisions, you should seek advice from independent financial advisor to ensure you understand the risks involved.
Compound’s protocol has been updated and developed over the years. The platform’s native token COMP was launched in 2020. It is used by the platform to manage the protocol, and take decisions regarding future updates and changes. By staking COMP tokens, holders of the platform can earn rewards.
Compound, in addition to the token COMP, has introduced several features to its protocol. These include flash loans that allow users to borrow cryptocurrency without any collateral for a limited time. Compound Treasury is a new service launched by the platform that allows businesses and institutions to earn interest from their cash deposits into Compound’s protocol.
Compound is one of the top DeFi protocols on the market. It has billions in assets. Compound’s focus on the community and its innovative lending and borrowing approach has helped it become a popular choice among investors and developers.
What Makes Compound Unique?
Compound claims that the majority of cryptocurrency is dormant and not being used by their owners. Compound wants to make this a thing of the past with its open-lending platform. Anyone who has Ethereum tokens that are supported can earn interest or get a loan secured by their Ethereum balance.
Compound is unique in that it has a community-based governance system. The holders of COMP, the native token for the governance platform on the Compound platform, can vote and debate whether or not to implement protocol changes suggested by other users — without the involvement of the Compound team. The decision on which cryptos to support is made by the holders of COMP, who can also adjust collateralization factors and change how COMP tokens will be distributed. All this without involving Compound’s team.
The Compound Protocol allows users to earn or purchase COMP tokens by engaging with it, for example by making a deposit or taking out a loan.
Compound Price Prediction Expert Opinions
Crypto Predictions
The Compound Price is expected to reach $51.430 at the start of December 2023. Maximum price $64.288 and minimum price $43.716 are expected. According to Compound Price Prediction 2025, the price could trade at around $92.772 by year’s end.”
Coin Price Forecast
The current Compound price is about $47.71. According to our Compound Forecast, we estimate that the Compound price will be $62.91 at the end 2023. The year-to-year difference is +32%.
Long Forecast
The price prediction for the compound (COMP), which could surprise investors, is that it will reach a price minimum of $23.41 at the end 2023. However, its exchange rate may trade between $29.80 and $29.80. This would make the investment a bad one over the next five years.
Compound Price Analysis
The Compound Price today is $40.04 US and the 24 hour trading volume is 13 597 120 USD. The USD to COMP price is constantly updated. The compound gained 0.34% in the past 24 hours. CoinMarketCap is currently ranked #115 with a market capitalization of $298.352,707 USD. The total supply of COMP coins is 10,000,000. There are currently 7,452,280 coins in circulation.
Over the past 7 days, The COMP has been on an upward trend. It increased by 2.22 %. Compounds have recently shown very high potential. This could be the right time to invest.
The price of COMP has fallen by -9.228% over the past month. This is equivalent to a massive average loss of $4.06 in its value. The sudden fall in price indicates the coin’s current dip and could make it a great investment.
Price changes of approximately 5.59 percent were recorded in the 90 previous days. Prices ranged from $35.72, the minimum price average to $37.88, the maximum price average.
Over the past four months, Compound’s sales have been on an upward trend. We believe, therefore, that segments similar to those of the market at the time were very popular. The most recent statistics show that the volume of Compound trading has increased over the past four months. Trading volume is a major factor in determining the price.
Compound Price Prediction
Here are some tables that detail the Compound Price Prediction. The data contained in the tables may change.
BitcoinWisdom’s Compound Price Prediction
| Year | Minimum Price | Average Price | Maximum Price |
| 2023 | $48.53 | $56.62 | $60.66 |
| 2024 | $80.88 | $88.97 | $101.10 |
| 2025 | $121.32 | $129.41 | $141.54 |
| 2026 | $161.76 | $169.85 | $181.98 |
| 2027 | $202.20 | $210.29 | $222.42 |
| 2028 | $242.65 | $250.73 | $262.87 |
| 2029 | $283.09 | $291.17 | $303.31 |
| 2030 | $323.53 | $331.61 | $343.75 |
AMBCrypto’s Compound Price Prediction
| Year | Average Price | Minimum Price | Maximum Price |
| 2023 | $105.00 | $84.00 | $126.01 |
| 2024 | $59.81 | $47.85 | $71.77 |
| 2025 | $77.75 | $62.20 | $93.30 |
| 2026 | $101.08 | $80.86 | $121.29 |
| 2027 | $131.40 | $105.12 | $157.68 |
| 2028 | $170.82 | $136.66 | $204.99 |
| 2029 | $222.07 | $177.66 | $266.48 |
| 2030 | $288.69 | $230.95 | $346.43 |
Bitnation’s Compound Price Prediction
| Year | Minimum Price | Average Price | Maximum Price |
| 2023 | $48.00 | $60.00 | $72.00 |
| 2024 | $88.00 | $100.00 | $112.00 |
| 2025 | $128.00 | $140.00 | $152.01 |
| 2026 | $168.01 | $180.01 | $192.01 |
| 2027 | $208.01 | $220.01 | $232.01 |
| 2028 | $248.01 | $260.01 | $272.01 |
| 2029 | $288.01 | $300.01 | $312.01 |
| 2030 | $328.01 | $340.01 | $352.01 |
FAQs
Where is Compound available?
All major cryptocurrency exchanges, such as Binance and Bitmax, support the Compound Protocol. Exchanges that are compliant also let you trade Compound directly for fiat currency such as US dollars, Euros, GBP and other currencies, including others. Compound users can take advantage of the block reward program and track trade and supply data to invest in Compound and monitor its growth.
Is COMP a wise investment?
Compound, Comp is a highly volatile investment and your risk tolerance will determine whether you invest in it. Compound’s price has increased 0.8% over the past 24 hours, and decreased by -5.07 % in the previous 30 days. It all depends if this investment meets your trading goals.
What is the future of Compound?
Compound’s future depends heavily on the performance of cryptocurrency. You must use the right strategy when investing in COMP. The investment may not be suitable for people with an asymetric risk profile. It is still a good investment if you have a strong financial situation and high tolerance for risk. COMP is a speculative stock that also provides access to global technologies and an expanding ecosystem.
