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
Price Change
Compound price has changed -0.59% in the last 24h hours. The highest price for Compound in the last 24 hours was $58.23. The lowest price for Compound was $54.13 in the past 24 hours.
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 $14,604.79 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
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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.
