Compound – Time To Buy Crypto

Is it a good time to buy Compound right now?

Current Price: $56.41

Average Daily Volume

Compound is currently ranked number 122 worldwide with a daily trading volume of $50,645,453.00, which it will make it super easy for you to sell your holdings of Compound.

Rating: 5/5

Market Cap

Compound has a total market cap of $385,602,291.00.

Rating: 5/5

Community

Compound has 262,569 total followers in all its social media accounts.

Rating: 5/5

All Time High

Compound is currently -93.81% from its highest price $910.54 on 2021-05-12.

Rating: 5/5

Price Potential

The Compound price has the potential to increase to $14,938.55 during the next cryptocurrency bull market, which may occur within the next five years.

Overall Score

Our algorithm believes it is an excellent time to invest in Compound right now.

Overall rating: 5/5

How to buy Compound today?

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What Is Compound?

The Compound Governance Token is a governance token on the Compound Finance lending protocol, COMP allows the owner to delegate voting rights to the address of their choice; the owner’s wallet, another user, an application, or a DeFi expert. Anybody can participate in Compound governance by receiving delegation, without needing to own COMP.

Anybody with 1% of COMP delegated to their address can propose a governance action; these are simple or complex sets of actions, such as adding support for a new asset, changing an asset’s collateral factor, changing a market’s interest rate model, or changing any other parameter or variable of the protocol that the current administrator can modify.

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