Brief Price Prediction In 2025
Based on top Compound Price Prediction we gathered, three years might not be enough for Compound (COMP) to reach $500.
By 2025, crypto experts forecast the COMP price to reach an average price of $7.480, according to WalletInvestor; $238.001, according to Trading Beasts; and $219.94, according to Digital Coin Price. For more detailed information about the projected price ranges from each crypto expert, check out the Compound (COMP) Price Prediction in 2025 section below.
Quick Coin Analysis
Founded by Robert Leshner and Geoffrey Hayes in 2017, Compound (COMP) is an Ethereum token that governs the Compound protocol. The protocol is a DeFi lending platform that allows users to lend and borrow Ethereum tokens at changeable interest rates.
The Compound protocol supports two types of tokens, namely COMP and cToken.
Being 94th in the market ranking, the current price of Compound coin (COMP) is $101.10 with a market cap of 679.4 million and a volume of 55.58 million, according to the live statistics of eToro. Today, the price can range up to $109.41. There are 6.6 million COMP in circulation, with a total supply of 10 million and a maximum supply of 10 million.
What do experts say about the coin? Let’s see what the following crypto experts think about what Compound (COMP) and its features are all about.
“Compound protocol is exceptionally easy to use and offers a great gateway to decentralised finance. It allows you to take loans, borrow loans, and earn the COMP token all in a decentralised fashion.”
— Altcoin Buzz on reviewing the Compound Finance, the coin’s marketplace that is used for lending and borrowing
“I’ve been thinking long and hard about how Compound could make its lending platform even easier to use. And to be honest, I am at a loss of what else to recommend after fully evaluating Compound Finance. I now see why it’s the second-largest DeFi project in the space [at the time the video was made].
All that being said, I’d love to see the platform support more crypto assets.”
— Coin Bureau on reviewing the Compound Finance
“Yes, the recent market correction has seen COMP’s price fall by over 50% from its all-time high, but if you want to be involved in one of the most promising DeFi projects around, then these kinds of dips could be a good moment to do so.”
— BitBoy Crypto on rating COMP as one of the top altcoins of August 2021
WATCH VIDEO: https://www.youtube.com/watch?v=FUhlxX0pYQo
Latest News And Updates
As reported by CoinDesk last January 7, 2022, Compound (COMP) was one of the DeFi tokens that the Arab Bank Switzerland recently offered to its clients. Along with Compound (COMP) are nine other DeFi tokens, including Aave (AAVE), Synthetix (SNX), Chainlink (LINK), Graph (GRT), Curve (CRV), Fantom (FTM), Polygon (MATIC), Yearn Finance (YFI), and Uniswap (UNI). Aside from the mentioned bank, DeFi tokens are already on the menu at several of Switzerland’s newest banks focusing on crypto, namely Sygnum and SEBA Bank.
Hashdex, a crypto asset management company located in Brazil, was also reported by CoinDesk to have introduced an exchange-traded fund (ETF) last January. According to Hashdex, DeFi protocols will make up 70% of the ETF, 15% of the smart contracts platforms, and the rest of the DeFi protocol support, totalling 12 DeFi tokens. Some of the tokens included are the following: Polygon (MATIC), Chainlink (LINK), The Graph (GRT), Uniswap (UNI), Aave (AAVE), and Compound (COMP).
Comprehensive Coin Analysis
This section will cover our in-depth technical discussion of the Compound coin. It is worth noting that the information below came from various reliable resources. Coin price predictions are only market experts’ analyses based on historical data. It is also best to do your own research to further your knowledge.
Compound (COMP) Price History
Based on the historical data of Digital Coin Price, Compound (COMP) began trading in 2021 with a price of $144.08 and a market cap of $636.17 million. With a market cap of $1.26 billion, the Compound (COMP) value increased to $199.30 at the end of December 2021. The highest point of the year was $910.76 on May 12, 2021.
Compound (COMP) welcomed this year with a price of $200.16 with a market cap of $1.3 billion. However, COMP’s price has dropped by -25.92% in the previous month, closing February at $120.11 with a market cap of $765.13 million.
Compound (COMP) Price Prediction in 2025
To know the price predictions of Compound (COMP) by 2025, we gathered various analyses from some of the reputable market experts.
Compound (COMP) may progressively decline in 2025, according to WalletInvestor. The COMP price prediction is varying from $3.740 to $11.220 by January 1, 2025, with an average of $7.480. As their study shows, Compound (COMP) may not have a bright future in 2025. It’s also possible that it will end the year with a price range of $1.420 to $4.259.
Currently, the price prediction of Trading Beasts’ experts tells us otherwise. By 2025, there is a possibility that the COMP price will reach an average price of $238.001, ranging from $202.301 to $297.502. The price might increase to $337.726 by the end of the year, or at least $229.654.
Digital Coin Price
According to the experts’ analysis, Compound (COMP) expects a minimum price of $177.94 by the end of the year. Furthermore, the COMP price might reach $239.16. In their price prediction, there is a significant possibility of doubling in price, but it also risks not reaching its projected maximum price.
Compound Price Prediction FAQs
Is Compound (COMP) A Good Investment?
Based on the price predictions, the increase rate of COMP price is not expected to be highly consistent. However, it is also worth noting that cryptocurrencies are volatile and that no one can flawlessly predict a coin’s price in the future. Always do your own research and keep in mind that the value of your investment might go up or down. Your knowledge and risk tolerance will determine if the COMP token is an excellent choice for your crypto portfolio.
What Will Compound (COMP) Be Worth Next Year?
All price predictions are not the same. Each market expert may have a different price analysis depending on the historical data. But to have an idea, here’s what the crypto analysts are expecting on the COMP price by next year:
- WalletInvestor predicts theCOMP price to range from $4.478 to $13.434.
- Trading Beasts predicts that the COMP price to range from $92.596 to $136.170.
- Digital Coin Price predicts that theCOMP price to range from $135.88 to $162.64.
How To Buy Compound (COMP)?
Compound (COMP) can be traded on major exchanges like Coinbase, Binance, Huobi Global, and eToro. Below are simple steps to buy Compound (COMP).
- Choose your preferred exchange and open your account.
- Pick the best payment method available to buy Compound (COMP).
- Once you’re done purchasing Compound (COMP), you are now ready to start trading or investing.
Disclaimer of our Compound Price Prediction
This Compound (COMP) Price Prediction article is intended to inform or educate our readers. The content above should not be considered investment advice. The reader must be responsible for using the provided information. Our team highly encourages you to further your research and consult a financial expert before making any investment decisions. When investing, do not invest more than you can afford to lose.