Compound (Comp) Coin Price Prediction 2020, 2021, 2025, 2030

What is Compound?

Compound Coin is the new entry into Decentralized Financed world, it has Money market protocol built on Ethereum Blockchain. However, Ethereum ecosystem help compound to give birth to new Ethereum asset-based money market on their decentralized nodes. Basically, this market work as pool of asset which follow basic algorithm derive from interest rate that depend on demand and supply of desire asset.

The platform help established connection between borrowers and lenders, so users can borrow crypto asset by using any asset as collateral available in the market. For example, if you holding BTC and you wanted to borrow DAI, so user need to supply BTC to compound and after that lender will initiate cToken and then it exchanges into DAI to borrow from compound instantly. in the borrow and lending protocol help to earn and play floating interest rate, where there is no involvement of terms such as interest rate, collateral and maturity.

In the market centralized exchanges works on margin basis, but borrowing market built on the exchange, will provide trusted system, in that while exchange the problem such as getting backed, abscond with asset will be eliminated. The peer to peer protocol that will facilitate collateralized and uncollateralized loans between user in the market, as every lender need to follow basic step in order to maintain collateralized loans, i.e. post, manage and supervise loans.

Compound Coin Price Prediction

Compound coin is said to be one of the biggest DeFi Project, as of writing after it got listed on Coinbase and other trading exchange platform, the market cap volume raised over $712 million USD. 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 protocol currently has $400+ million worth digital assets, as they listed 20+ DeFi application backed by Compound developers, which cover different operation using dApps. to generate Compound Coin Price Prediction, we don’t have any historical data because Compound just listed on CMC.

Comp Coin Price Prediction 2020

Month & YearPrice Prediction in USD
August 2020$214 USD
September 2020$228 USD
October 2020$187 USD
November 2020$192 USD
December 2020$218 USD

Swipe Price Prediction

Compound Price Prediction 2021 to 2030

Quarter & YearPrice Prediction USD
January 2021$186 USD
March 2021$206 USD
June 2021$212 USD
September 2021$254 USD
December 2021$298 USD
January 2025$710 USD
March 2025$652 USD
June 2025$878 USD
September 2025$757 USD
December 2025$809 USD
January 2030$909 USD
March 2030$745 USD
June 2030$823 USD
September 2030$867 USD
December 2030$678 USD

Compound Overview

Project nameCompound
Ticker SymbolCOMP
Total Supply10,000,000 COMP
Official websiteCompound.financce
Based onDecentralized Finance
Launched year 2018
All-time high$193.01 USD
Exchange PlatformCoinbase, MXC, FTX, Hotbit, Hoo, Probit Exchange, Poloniex, BiKi
WalletCoinbase Wallet, Ledger, Metmask

Compound ICO Overview

Platform usedERC20
Raised by NA
Date of ICO15th June 2019
ICO Price NA
Partnersa16z, Bain Capital Ventures, Coinbase, paradigm, Polychain Capital, Dragonfly Capital.

COMP Coin FAQ

How Much Comp Coin Worth in 2030?

Trading in the range of $600 to $700 USD.

Can Compound Reach $10000 USD?

May be somewhere in 2035 to 2040.

Is Compound a Good Investment?          

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.

Update: Daily distribution of compound token will be changed for liquidity provide and borrower & Techemy Capital a New Zeeland investment fund join hand with Compound protocol to launch new feature i.e. Yield Farming.

Conclusion

The platform implements risk-free exchange protocol to create reigning, upgradable financial infrastructure, it has autonomous interest rate protocol specially built for developers to boost financial applications development. in the primary uses cases of Compound Coin dApps can borrow token to uses in the Ethereum ecosystem and also ICO investment can be financed by borrowing ETH coin. Compound also provides free protocol’s smart contract to the machines, dApps and users, current market support stablecoins and crypto asset including Tether, USD coin, Eter, Dai, Augur, Wrapped BTC, 0x, BAT and Sai. more digital assets will be added for instant and risk-free exchange and after jumping from top 5000 to top 2000 crypto list, Compound with strong market volume may be enter into top 200 largest crypto list very soon.

Compound Rating