The Crypto market is growing more and more every day, opening new doors and new opportunities for investing, growing wealth, and learning about the future of finance. The crypto market over the years was more appreciated, and its value of it was recognized and increased. One of the additions to the market is Compound (COMP).
Compound (COMP) is a project that was created with the purpose of allowing investors to join pools that will eventually return interest based on the investments. This return is usually made in cTokens, which represents the individual’s stake owned in that pool.
In this prediction, we aim to give a realistic idea of how Compound (COMP) is going to do in the upcoming months and years. Furthermore, this article contains information about the coin itself and will also provide information on the price and overall analysis of its market cap, supply, and its ups and downs.
Compound (COMP) Fundamental Analysis
Originally created in 2018, Compound (COMP) is a DeFi protocol that lures investors into liquidity pools. Usually, investors profit out of interest in their assets, with the chance of investing in 14 coins, with the top three being USD Coin, Ether (ETH), and Dai. Compound (COMP) allows its user to buy, sell, trade, borrow, or lend from cryptocurrencies. Along with that, it is a fully peer-to-peer (P2P) network with no central authority.
Compound combines borrowers and lenders into liquidity pools. Users send money, which is used by other users and it is paid back with interest. A user is only allowed to borrow money if they have more than what they are borrowing. This is for security reasons because, in the case of not returning money, it is compensated as collateral from the account. All this automated process is made possible by smart contracts and stored in the native cToken that represents value and stake in the pool.
Compound founder and CEO is Robert Leshner. He created Compound originally without a coin, and then in April of 2020, he created the COMP token. Now Compound made its own Compound chain in December of 2020. Robert Leshner was an enthusiast of finance and an expert.
Even for users, Compound is considered to be friendly since it is easy to use. The verification is rather easy because personal data is not required to participate in the DeFi network. All you need to do is get a Web.3.0 wallet that is able to support ERC-20 tokens. Metamask is recommended for all these services. Once the wallet is activated, you can create cTokens, where you need to enable the assets and start borrowing or supplying. Though, it is highly recommended to review the pools before starting the investment.
Tokenomics
When taking tokenomics, Compound (COMP) has a total supply of 10.000.000 COMP and the maximum supply with the same value. The circulating supply currently stands at 6.5 million COMP coins.
Here is a graphic to better explain the COMP Token Allocation:
Crypto Academy Compound (COMP) Price Prediction
Compound (COMP) has had many ups and downs. Back in 2020, when Compound (COMP) went live, the price was rising gradually until around the beginning of the last year. Then, in January of last year when the price rose more noticeably, while during November, it reached its top at $911. After this, the price had ups and downs but in a bearish manner to its current price, which is around $115. With this price and its current circulating supply, COMP has a market cap of around $750 million.
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Crypto Academy Compound (COMP) Price Prediction 2022
| Months 2022 | Minimum Price | Average Price | Maximum Price |
| February 2022 | $119.33 | $127.46 | $148.5 |
| March 2022 | $130.25 | $137.44 | $142.36 |
| April 2022 | $139.78 | $146.68 | $150.13 |
| May 2022 | $150.91 | $162.82 | $171.42 |
| June 2022 | $178.65 | $181.10 | $189.03 |
| July 2022 | $172.81 | $180.01 | $188.46 |
| August 2022 | $188.12 | $194.45 | $200.32 |
| September 2022 | $222.73 | $230.60 | $240.44 |
| October 2022 | $307.45 | $350.04 | $401.64 |
| November 2022 | $430.40 | $511.47 | $550.33 |
| December 2022 | $579.09 | $659.42 | $724.01 |
Compound (COMP) Price Forecast February 2022: In February, the price is forecasted to decrease, with the minimal price of COMP could be around $119.33, while the maximum price could reach up to $148.50. The average trading price for this month is predicted to be around $127.46.
Compound (COMP) Price Prediction March 2022: COMP during March is predicted to have a maximum price of around $137.44 and go as low as $130.25 as a minimum price. The average trading price could be around $137.44.
Compound (COMP) Price Forecast April 2022: As of April, COMP could go around $139.78 as a minimal price and could reach up to the maximum price of $150.13. The average price could be around $146.68.
Compound (COMP) Price Prediction May 2022: During May, the flow of the price might be the same, with a slight increase as the average price would be around $162.82. The minimum price of this month could be around $150.91, while the maximum price of COMP could go up to $171.42.
Compound (COMP) Price Forecast June 2022: In June, the prices of COMP are forecasted to slightly go up like the previous month. With the minimum price of around $178.65, the maximum price might be around $189.03 as the average trading price is $181.10.
Compound (COMP) Price Prediction July 2022: The month of July might of an unnoticeable decrease. With the possibility of the minimal price going down to around $172.81, the maximum price might be around $188.46. The average trading price could be around $180.01.
Compound (COMP) Price Forecast August 2022: As of August, the price may start to increase gradually starting from the average trading price of around $194.45. The minimum price of COMP for this month could be around $188.12, while the maximum price could go as up as around $200.32
Compound (COMP) Price Prediction September 2022: COMP prices for the month of September are predicted to start from the average trading price of around $230.60. As the maximum price could reach as high as $240.44, and the minimum might be as low as $222.73
Compound (COMP) Price Forecast October 2022: In October, the price of COMP is forecasted to have an average trading price of around $350.04. As the minimal price might be around $307.45, and the maximum price could go as high as $401.64.
Compound (COMP) Price Prediction November 2022: As of November, the average trading price of COMP can potentially be around $511.47. The maximal price for this month could go as high as $550.33, and the minimum price could reach $430.40.
Compound (COMP) Price Prediction December 2022: And last but not least, in December, COMP is predicted to have an average trading price of $659.42. As the minimum could be around $579.09, the maximum price might reach around $724.01.
Compound (COMP) Price Prediction 2022 Q1
The first quarter of 2022 is still going down for Compound (COMP). So far, the price of COMP has declined, but it might recover in the upcoming months. However, since we don’t see anything particular to change the price of COMP, we predict it may continue to do the same with the average price of $146.68.
Compound (COMP) Price Prediction 2022 Q2
In the second quarter of 2022, the price might start increasing gradually. Since the price COMP has been going down it, in this quarter it can recover a bit, by the price could go up a little bit. By the end of this quarter, we think that the COMP price will reach $181.10.
Compound (COMP) Price Prediction 2022 Q3
During the third quarter of 2022, the price of COMP might be a bit more stable, with some fluctuations in price but still keeping the increased line and continuing the growth of the previous quarter. The price of COMP by the end we predict to reach around $230.60
Compound (COMP) Price Prediction 2022 Q4
In the fourth quarter of 2022, we predict that the price of COMP might have more of an explosive increase and fully recover. As for the end of the year, we think the price of COMP would be around $659.42.
Crypto Academy Compound (COMP) Price Prediction 2023, 2024, 2025, 2026
Compound (COMP) Price Predictions 2023
Even though the price of COMP might recover, another decrease is likely to occur. The price in the following year could either stabilize or it can decrease. As we see it, the average price might vary, but it would be around $600.
Compound (COMP) Price Predictions 2024
During 2024, COMP may have the chance to recover and increase again since BTC halving of 2024 might make the market bullish. For the first time, it is predicted for COMP to reach $1000. Since COMP would be stable for a long time, this increase might come quite easily.
Compound (COMP) Price Predictions 2025
In 2025, we see that the effect of BTC halving might still be present Compound (COMP) market might be very bullish, so the price would go even higher and potentially even reach $1300.
Compound (COMP) Price Predictions 2026
In 2026, we can see Compound (COMP) prices still rising. By then, Compound (COMP) would have gained more popularity and value, and its price could even reach $1500.
Compound (COMP) Market Price Prediction
Here is what some experts have to say about the future price of COMP:
Crypto Newsz
According to Crypto News, Compound (COMP) could have a lot of ups and downs, and by the end of 2022, its price would reach around $600. In 2023, the market would still be bullish, and the price would still rise to around %750. In 2024, the price of COMP would eventually reach $880. According to crytonewsz, in 2025, the price of COMP would finally reach $1000.
Digital Coin Price
According to Digital Coin Price, the price of Compound (COMP) may gradually rise but have a more explosive decrease in the first quarter of 2024. Then, the price could still be in an increasing flow, when in 2026 it might again drop. By the end of 2026, according to Digital Coin Price, the price of COMP is forecasted to reach $281.75.
How to Buy Compound (COMP)?
Step 1: Go to Binance
Binance is one of the largest cryptocurrency exchanges in the market. So, a good start would be to open an account to continue your journey in purchasing cryptocurrencies.
Step 2: Go to Buy Crypto
Here you have to show how you are going to pay for the purchase. Therefore, you have to choose which option suits you best to then continue. You can pay by credit/debit card and many other options.
Step 3: Choose COMP
After going through this process all you have to do is find COMP and make your purchase. Now you are ready to start trading.
Frequently Asked Questions (FAQ)
What is COMP?
Compound (COMP) is an ERC-20 asset that implements decentralized finance and gives power to the community governance of the Compound Protocol. These token holders can delegate debates, vote, and propose any change in the protocol.
Is COMP a Good Investment?
Compound (COMP) might potentially be a good investment since the price is predicted to rise in the next years. But, the increase is not predicted to be very steady.
Is COMP Going to Increase?
COMP may eventually reach as high as $1500 in the next five years.
Takeaways
- Compound (COMP) is an ERC-20 token, that represents liquidity pools in which users invest.
- Depending on how much is the user’s investment, the value represents how much of the pool they own.
- Investors profit out of interest in their assets, with the chance of investing in lots of coins, with the top three being USD Coin, Ether (ETH), and Dai.
- It is a peer-to-peer (P2P) network with no central authority.
- Compound (COMP) has a total supply of 10.000.000 COMP. The circulating supply is 6.5 million COMP coins.
- The price of COMP is predicted to reach around $700 by the end of the year.
- Overall, COMP might be a good investment and make good returns with time.