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    Compound priceCOMP

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    COMP
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    1 COMP = 52.37 USD
    Last updated 2024-11-17 11:21:12(UTC-0)
    Buy COMP

    Compound price live data summary

    The live price of Compound is $52.37 per (COMP / USD) today with a current market cap of $463.00M USD. The 24-hour trading volume is $53.19M USD. COMP to USD price is updated in real time. Compound is 2.79% in the last 24 hours. It has a circulating supply of 8,840,880 .

    What is the highest price of COMP?

    COMP has an all-time high (ATH) of $911.2, recorded on 2021-05-12.

    What is the lowest price of COMP?

    COMP has an all-time low (ATL) of $25.55, recorded on 2023-06-10.
    Calculate Compound profit

    Compound price prediction

    When is a good time to buy COMP? Should I buy or sell COMP now?

    When deciding whether to buy or sell COMP, you must first consider your own trading strategy. The trading activity of long-term traders and short-term traders will also be different. The Bitget COMP technical analysis can provide you with a reference for trading.
    According to the COMP 4h technical analysis, the trading signal is Strong buy.
    According to the COMP 1d technical analysis, the trading signal is Strong buy.
    According to the COMP 1w technical analysis, the trading signal is Buy.

    What will the price of COMP be in 2025?

    Based on COMP's historical price performance prediction model, the price of COMP is projected to reach $60.86 in 2025.

    What will the price of COMP be in 2030?

    In 2030, the COMP price is expected to change by +10.00%. By the end of 2030, the COMP price is projected to reach $136.42, with a cumulative ROI of +187.03%.

    Compound ratings

    Average ratings from the community
    4.6
    100 ratings
    This content is for informational purposes only.

    About Compound (COMP)

    Cryptocurrency Compound, popularly known as COMP, has emerged as a significant player in the decentralized finance (DeFi) space. Launched in June 2020, COMP quickly gained attention for its innovative and groundbreaking features. COMP is an ERC-20 token that powers the Compound protocol, a decentralized lending and borrowing platform built on the Ethereum blockchain. The platform allows users to lend or borrow various cryptocurrencies in a secure and transparent manner. One of the key features of COMP is that it introduces governance to the Compound protocol. COMP token holders have the power to influence the decision-making process by voting on important proposals and changes within the ecosystem. This decentralized governance model empowers the community and aligns the interests of all stakeholders. Another noteworthy aspect of COMP is its distribution mechanism. Initially, the protocol allocated a significant portion of the token supply to early users and supporters, including lenders and borrowers. This unique distribution model aimed to ensure a wide distribution of tokens and encourage active participation in the governance process. The COMP token plays a vital role in the Compound ecosystem. Holders of COMP can actively participate in governing the platform, voting on proposals, and shaping the future of the protocol. Furthermore, COMP holders are entitled to receive a share of the platform's revenue generated from borrowing and lending activities. Since its launch, COMP has gained substantial popularity in the DeFi space and has been listed on various cryptocurrency exchanges. Its innovative features, governance mechanism, and potential for earning passive income have attracted a growing community of users and investors. It is important to note that investing in COMP or any other cryptocurrency carries risks. The cryptocurrency market is highly volatile, and it is crucial for users to conduct thorough research and exercise caution before making any investment decisions. In conclusion, COMP is a significant cryptocurrency that has revolutionized the decentralized lending and borrowing space. With its governance features and unique distribution mechanism, COMP offers users an opportunity to actively participate in shaping the future of the Compound protocol while potentially earning passive income. However, it is important to stay informed about the risks associated with investing in cryptocurrencies and to make educated decisions.

    Compound price performance in USD

    24h7 days30 days90 days1 yearAll-time
    +2.79%+4.87%+17.02%+24.13%+3.24%-48.47%

    Compound price history in USD

    The price of Compound is +3.24% over the last year. The highest price of COMP in USD in the last year was $102.59 and the lowest price of COMP in USD in the last year was $33.96.
    TimeLowHigh
    24h$50.09$55.7
    7d$45.28$55.7
    30d$38.91$55.7
    90d$38.91$55.7
    1y$33.96$102.59
    All-time$25.55(2023-06-10, 1 years ago )$911.2(2021-05-12, 3 years ago )

    Compound market information

    Market cap
    $463,001,372.93
    +2.79%
    Fully diluted market cap
    $523,705,047.54
    +2.79%
    Volume (24h)
    $53,187,592.2
    +32.21%
    Market rankings
    Circulation rate
    +88.00%
    24h volume / market cap
    0.1148
    Circulating supply
    8,840,880 COMP
    Total supply / Max supply
    10,000,000 COMP
    -- COMP
    Buy Compound now

    Compound Social Data

    In the last 24 hours, the social media sentiment score for Compound was 5, and the social media sentiment towards Compound price trend was Bullish. The overall Compound social media score was 104, which ranks 286 among all cryptocurrencies.

    According to LunarCrush, in the last 24 hours, cryptocurrencies were mentioned on social media a total of 1,058,120 times, with Compound being mentioned with a frequency ratio of 0.01%, ranking 179 among all cryptocurrencies.

    In the last 24 hours, there were a total of 442 unique users discussing Compound, with a total of Compound mentions of 116. However, compared to the previous 24-hour period, the number of unique users increase by 14%, and the total number of mentions has increase by 73%.

    On Twitter, there were a total of 1 tweets mentioning Compound in the last 24 hours. Among them, 100% are bullish on Compound, 0% are bearish on Compound, and 0% are neutral on Compound.

    On Reddit, there were 3 posts mentioning Compound in the last 24 hours. Compared to the previous 24-hour period, the number of mentions decrease by 57% .

    All social overview

    Average sentiment (24h)
    5
    Social media score (24h)
    104(#286)
    Social contributors (24h)
    442
    +14%
    Social media mentions (24h)
    116(#179)
    +73%
    Social media dominance (24h)
    0.01%
    X
    X posts (24h)
    1
    -50%
    X sentiment (24h)
    Bullish
    100%
    Neutral
    0%
    Bearish
    0%
    Reddit
    Reddit score (24h)
    0
    Reddit posts (24h)
    3
    -57%
    Reddit comments (24h)
    0
    0%

    How to buy Compound(COMP)

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    Buy Compound (COMP)

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    Use a variety of payment options to buy Compound on Bitget. We'll show you how.

    Join COMP copy trading by following elite traders.

    After signing up on Bitget and successfully buying USDT or COMP tokens, you can also start copy trading by following elite traders.

    Compound news

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    FAQ

    Is Compound (COMP) a good investment?

    COMP, representing the heart of decentralized finance (DeFi), is gaining attention as a must-have crypto asset for portfolios aiming at the burgeoning DeFi sector. As the governance token for the Compound protocol, one of the trailblazers in the DeFi arena, COMP's intrinsic value may witness a surge parallel to the overall maturity and growth of the DeFi ecosystem. Several factors can influence COMP's price: DeFi Outlook: An individual's bullish sentiment towards the DeFi market can make COMP an attractive asset. As DeFi solidifies its position, the inherent worth of leading protocols, such as Compound, may amplify. Crypto Market Trends: A thriving crypto environment often leads to heightened buying activity, prompting investors to diversify their portfolios. During such bullish phases, tokens like COMP might benefit due to increased risk appetites among crypto enthusiasts. Protocol Enhancements: The Compound protocol's future appears bright with prospective upgrades, collaborations, and investments on the horizon. Such positive advancements often boost investor morale, further endorsing the long-term potential of the COMP token. Investors seeking diversification within the crypto domain, especially those looking to tap into the DeFi wave, might find COMP to be an invaluable addition to their portfolios.

    What is Compound price prediction?

    Predicting the exact COMP price in the ever-evolving world of crypto is challenging. However, by tracking specific fundamentals, one can gain deeper insights into COMP price trends. Here are the primary factors to watch: Compound's On-chain Activity: As the Compound platform witnesses an upsurge in users looking to borrow and lend cryptocurrencies, on-chain activity increases. This directly influences the COMP crypto value. Furthermore, as Compound broadens its horizons by supporting additional cryptocurrencies or branching out to new blockchain ecosystems, this activity and its impact on COMP's price is likely to amplify. Investor Perception towards DeFi: A bullish stance on decentralized finance (DeFi) services can augment activity on Compound, bolstering COMP's price. Conversely, unfavorable shifts in the market might deter DeFi enthusiasts, potentially decreasing liquidity on Compound. Such scenarios can deflate demand for COMP, potentially undermining its value. Overall Crypto Market Sentiment: Market sentiment is a linchpin in dictating price trajectories for digital assets, including COMP. A bullish or risk-on demeanor among investors can push COMP prices upwards. In contrast, bearish or risk-off sentiments may trigger crypto sell-offs, adversely affecting the Compound token value.

    What is the use case of Compound?

    COMP stands as the foundational cryptocurrency within the Compound ecosystem, performing multiple vital roles: Role as a Governance Token: Participation in Decentralized Governance: Owning COMP grants you an entry into the democratic heart of the Compound protocol. Engage in dynamic discussions, craft proposals, or exercise your voting rights on decisions shaping the future of Compound. Delegation of Voting Rights: Not keen on active participation? Delegate your COMP tokens to trusted members and ensure your voice is still heard, albeit indirectly, in the Compound governance landscape. Trading and Long-term Investment Opportunity: Dynamic Trading: Leverage COMP’s volatility by trading it against a myriad of crypto assets. Act on market movements to capitalize on potential profits. Long-Term Investment Potential: Consider adding COMP to your portfolio for the long haul, especially if you're bullish about the Compound protocol's future trajectory. Always keep an eye on key metrics such as the Compound cryptocurrency live price, COMP market capitalization, circulating supply, 24-hour trading volumes, and the latest industry news before making trading decisions.

    How can I make money using Compound?

    Compound offers a platform for decentralized lending and borrowing, allowing users to accrue interest by depositing certain cryptocurrencies. By providing or lending liquidity to the specified crypto pools, users have the potential to generate revenue. As of January 2023, the cryptocurrencies available for lending on Compound include AAVE, COMP, DAI, ETH, LINK, SUSHI, TUSD, UNI, USDC, USDP, USDT, and WBTC. It's advisable to examine the offered APYs and pick the cryptocurrency yielding the most attractive returns. Once you're ready, activate the Supply feature. Ensure you have ample funds in your wallet to manage the transaction and any relevant gas charges. Once set up, you can passively earn interest at the given APYs, capitalizing on the financial services provided by Compound's DeFi platform.

    How to stake Compound

    Link your independent crypto wallet with the Compound application. Make sure you have enough COMP tokens ready for supply. If needed, purchase Compound crypto from platforms like Bitget or others and transfer the tokens to your wallet. Navigate to the Compound app's main page and locate the Compound Governance Token (COMP) within the Supply Markets section. Observe the current Supply APYs available, then click on 'Enable'. Input the amount of COMP tokens you intend to supply on Compound and approve the transaction via your wallet. Once done, relax as you accumulate interest and expand your COMP portfolio through Compound.

    How do Compound tokens work?

    The Compound protocol allows users to deposit cryptocurrency they own into lending pools designed for other users to borrow from. Lenders earn interest on their deposits. Once a user deposits their cryptocurrency for lending, Compound awards them a new cryptocurrency – known as a cToken.

    What is the current price of Compound?

    The live price of Compound is $52.37 per (COMP/USD) with a current market cap of $463,001,372.93 USD. Compound's value undergoes frequent fluctuations due to the continuous 24/7 activity in the crypto market. Compound's current price in real-time and its historical data is available on Bitget.

    What is the 24 hour trading volume of Compound?

    Over the last 24 hours, the trading volume of Compound is $53.19M.

    What is the all-time high of Compound?

    The all-time high of Compound is $911.2. This all-time high is highest price for Compound since it was launched.

    Can I buy Compound on Bitget?

    Yes, Compound is currently available on Bitget’s centralized exchange. For more detailed instructions, check out our helpful How to buy Compound guide.

    Can I get a steady income from investing in Compound?

    Of course, Bitget provides a strategic trading platform, with intelligent trading bots to automate your trades and earn profits.

    Where can I buy Compound with the lowest fee?

    We're pleased to announce that strategic trading platform is now available on the Bitget exchange. Bitget offers industry-leading trading fees and depth to ensure profitable investments for traders.

    Where can I buy Compound (COMP)?

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    Cryptocurrency investments, including buying Compound online via Bitget, are subject to market risk. Bitget provides easy and convenient ways for you to buy Compound, and we try our best to fully inform our users about each cryptocurrency we offer on the exchange. However, we are not responsible for the results that may arise from your Compound purchase. This page and any information included are not an endorsement of any particular cryptocurrency. Any price and other information on this page is collected from the public internet and can not be consider as an offer from Bitget.

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