Compound COMP Price Prediction 2023 Will COMP Hit $150 Soon?

As per our long-term Compound price forecast, the Compound prices can hit a new ATH level this year. In 2040, we may expect an average price of $949.51 depending upon the market trend. If the market gets bullish, the Compound value may surge more than our Compound price forecast in 2040. While the minimum price level of a Compound Coin can be around $922.17 if the market gets bearish. As such, analysts and AI-based forecasters can and do get their COMP coin price predictions wrong.

• A hyperlink to or positive reference to or review of a broker or exchange should not be understood to be an endorsement of that broker or exchange’s products or services.
• Significantly, this analysis indicator helps traders to determine the strength and momentum of an asset’s price movement over a specific period.
• COMP is currently trading at $340 per coin, representing a 200% increase in price year-to-date.
• Cryptos change their prices like a roller coaster and can rise or fall in seconds.
• In this period, the Compound price would rise from $85.88 to $111.77, which is +30%.

In this period, the Compound price would rise from $84.34 to $111.28, which is +32%. Compound will start 2030 at $84.34, then soar to $89.40 within the first half of the year, and finish 2030 at $94.43. In this period, the Compound price would rise from $78.97 to $104.20, which is +32%. Compound will start 2030 at $78.97, then soar to $83.71 within the first half of the year, and finish 2030 at $88.42.

COMP Crypto Price Prediction 2027

By the technical analysis, the Compound looks promising in the long term. However, never forget that there is always some risk to any investment. Cryptos are not just the most profitable but riskiest asset as well.

• If we draw the first point from B1, using the data above, A1 surfaces at $252.91 and on Dec. 13, 2021.
• The piece of news is an important one because COMP is now available to more traders and investors globally, thanks to eToro’s position in the digital asset trading market.
• Buy and Sell over 150 coins on the world’s biggest crypto exchange – Binance.

Particularly, the 50-day moving average (50 MA) evaluates the average closing price of the asset over the past 50 days. The technical analysis indicator Relative Volume (RVOL) is used to measure the trading volume of an asset in relation to its recent average volumes. It is typically calculated by dividing the current day’s trading volume by the average volume over a specified period, such as the past 20 or 50 trading days. Also, it helps traders in identifying unusual trading activity and changes in market sentiment. Monthly performance data shows the change in price of a cryptocurrency month over month.

A Historical look at Compound, COMP’s price:

Hodlers, marketers, and savvies are quite optimistic about Compound. If the network poses major partnerships and adoptions in the near future. Then the price of COMP could surge to a maximum of $93.87 by the end of 2023.

However, by the end of H1, the bulls may regain their control and trigger a fine upswing. The upswing is largely believed to have transformed into a bull run and reached levels beyond $200 in no time. Although reaching the ATH may be tough, it may form yearly highs around $310 to $323.

Identifying the pattern

If the collateral value falls below a certain threshold, the collateral will be liquidated to repay the loan. The main feature of Compound is its algorithmic interest rate model. Instead of having fixed interest rates, they are determined by market supply and demand. Compound’s interest rates can fluctuate in real time based on the borrowing and lending activities within the protocol. Seemingly out of nowhere, one of the most established DeFi protocols is rallying, gaining 77% in a month and 71% in a weekly time frame. At the same time, the news broke that Compound Labs are launching a regulated financial product on the Ethereum blockchain, Superstate.

The general crypto market is still in a bearish cycle, with Bitcoin struggling around the $32,000 region. Bitcoin and other cryptocurrencies have to record higher gains for the positive sentiment to return to the market. When this happens, COMP’s price could rally and attempt to reach $500 again.

Should I invest in Compound?

The ongoing price action is most probably due to this development, as the U.S. Securities and Exchange Commission is cracking down on unregulated crypto offerings and businesses. It seems that Compound Labs agree to walk the controversial path to compliance laid before the crypto companies by this government agency.

Compound is one of the leaders on the current market and DeFi but that could always change. It is now up to the COMP holders to keep the protocol in the game and keep it growing. In 2025 the CryptoNewsZ team expects a new market cycle to follow after the next Bitcoin halving. However, their COMP forecast is conservative, and the reasonably expected peak is just $117.87. In the bullish case, after establishing a $64 support, COMP can go to $75–76 next.

Compound (COMP) ranks 83rd  on CoinMarketCap in terms of its market capitalization. The overview of the Compound price prediction for 2023 is explained below with a daily time frame. Compound (COMP) is an ERC-20 asset that allows for community governance of the Compound protocol. COMP token holders and their participants debate, propose, and vote on all protocol changes. It’s up by 3% in the last 24 hours.48.50% of days, the price of COMP closed above the opening.

The Compound looks strong with limited supply and community support but cryptos are an extremely volatile asset. Cryptos change their prices like a roller coaster and can rise or fall in seconds. A risk analysis is essential before Compound or any other crypto investment. There are strong possibilities that the Compound can get again its position if there is any positive environment in the market. As per our price forecast, the price of Compound can hit an average price level of the $171.19 mark by 2024. The year can end with a maximum price of $184.26 if there is any bullish event.

And if there is any bearish trend the minimum price of a Compound can be down up to $88.94. In the next bull rally, the prices of Compound may surge more than our long-term Compound price prediction. COMP today’s range shows a marginal correction showing a little bearish pattern in the adverse market and economic conditions. Competing with counterparts like Stellar and Ethereum, Compound has ranked at 113. However, the COMP price is expected to do great in the next few years. However, for COMP to rally that high, it would need the support of the broader cryptocurrency market.

Compound News

The cryptocurrency exchange added support for COMP on 7th June, allowing traders and investors to access the cryptocurrency with zero fees for the next three months. As a result of the announcement, COMP could rally higher in the coming days. CryptoPredictions.com is a trusted brand providing one of the most accurate cryptocurrency price predictions on the market. We aspire to operate on a global scale and offer our predictions in 8 languages and 33 currencies between which you can easily swap at any time. Another moderately bullish forecast for Compound in the next five years is given by PricePrediction.net.

The site’s Compound crypto price prediction indicated that the token could be trading at $63.13 by 14 October. A dedicated writer who shows her interest in writing all sorts of content about the cryptocurrency market in NewsCrypto. She is an enthusiastic reader and writer with passion for sharing crypto news and trends. With the help beldex coin price in india of the aforementioned technical analysis indicators and trend patterns, let us predict the price of Compound (COMP) between 2024 and 2030. The above chart also displays another technical indicator – the Relative Volatility Index (RVI). This indicator measures the volatility of an asset’s price movement over a specific period.