|Total Supply||10,000,000 COMP|
|Based on||Decentralized Finance|
|All-time high||$911.20 (May 12, 2021)|
|Exchange Platform||Coinbase, MXC, FTX, Hotbit, Hoo, Probit Exchange, Poloniex, BiKi|
|Wallet||Coinbase Wallet, Ledger, Metmask|
If you’re looking for the Compound Crypto Price Prediction or finding the potential of this coin, this price forecast can be helpful for you. The Compound coin is one of the trending altcoins. This Compound price prediction is based on a deep technical analysis and previous performances of this coin.
As data gathered from the project’s website, the Compound is a DeFi lending protocol that allows users to earn interest on their crypto assets by depositing them into one of several pools supported by the Compound platform. 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 at any time. On the flip side, borrowers also can take a secured loan from any Compound pool by depositing collateral.
Compound Crypto Price Prediction
|Year||Minimum Price||Average Price||Maximum Price|
Since the launch of the Compound mainnet in September 2018, the platform has skyrocketed and crossed the $900 price mark by 2021. According to Compound, the majority of cryptocurrencies sit idle on exchange platforms, doing nothing for their holders. The compound looks to change this with its open lending platform.
The compound platform allows anybody who deposits supported Ethereum tokens to easily earn interest on their balance or take out a secured loan. By its concept, the Compound crypto can reach new highs in upcoming ears and can easily surpass the $1000 price tag.
Compound Crypto Price Prediction 2022
After hitting its ATH level in 2021 the Compound prices fall down more than 200%. However, the COMP prices can recover in 2022 again if investors attract to this project. The Compound price may cross the maximum level of $298.78 in 2022. The average price of COMP coin can be around $246.48 for 2022 while the minimum price can go around $218.48.
Compound Crypto Price Prediction 2025
The long-term price prediction for COMP’s looks bullish. As the Compound project is going to attract much more attention in upcoming years. The year 2025 can end with an average price of $505.55 and a minimum price value of $469.25. The maximum price is expected to be trading around $564.54 if the market sees a good bull run in 2022.
Compound Crypto Price Prediction 2030
There are strong possibilities that the crypto market can enter a new age. In 2030, the price of Compound can skyrocket, the maximum trading price may reach $1,442.77. The price ranges are going to be steady in this decade. If everything goes well, we can expect an average price of $1,149.51 with a minimum price level of $922.97 for 2030.
When Compound Coin will reach $1000?
As you are well aware that the Compound coin has already hit the $900 mark in 2021 so the $1000 mark for this coin is not impossible. As per our COMP price analysis, this coin will hit the $1000 mark before ending of this decade.
Our compound price forecast suggests that 2030 can be the year when it will hit the target. However, there is nothing certain in the crypto market. A good bull rally can skyrocket any crypto price in a few minutes.
Is Compound Coin a good investment?
The Compound coin is a promising crypto project with its unique vision and technology backing. Many crypto platforms and analysts think that the price of Compound will continue to grow in the next 10 years. Even though the price looks bullish, cryptos are volatile and they can thrash all price forecasts. A risk analysis is essential before any investment decision.
Where to buy Compound Coin?
As the COMP Coin is gaining popularity the crypto exchanges are listing this coin on their platform. Today the COMP crypto is available on many premium exchanges. If you wish to buy Compound, the top crypto exchanges are Binance, Mandala Exchange, OKEx, CoinTiger, and FTX.
Apart from Compound crypto price prediction, we never forget to tell our readers that volatility drives the crypto market. Sot is not easy to forecast and keep up with the current pricing. Cryptos can change their price direction at any time so conduct maximum possible research before making any investment.