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Compound Prepares For A Major Rally To $80, Here Is Why

www.newsbtc.com

The price of COMP remains above the daily 50 EMA as it approaches $80. Price remains bullish, holding above key support areas COMP price ranges in an asymmetric triangle with high buy orders.

Read in Full: www.newsbtc.com
Bitcoin COMP
$ 78.89

Timeline of Compound


DeFi Lending Platform Compound (COMP) Launches New ‘Streamlined' Protocol Upgrade - The Daily Hodl

Decentralized lending platform Compound has launched a new “streamlined” version of its protocol called “Compound III.” With the update, Compound (COMP), an algorithmic, autonomous interest rate protocol, is moving away from a pooled-risk model where users can borrow any asset, according to a new blog post from Robert Leshner, the founder of Compound Finance.


Compound [COMP]: Could this upgrade curb persistent stagnancy - AMBCrypto

Lending protocol, Compound [COMP], seems to be perturbed by the project's inability to catch up with its peers in the Decentralized Finance (DeFi) space. This distress could have been a factor that led the cryptocurrency to proffer an upgrade for its community.


Compound: No accumulation or movement and for COMP, that means - AMBCrypto

Compound has been one of the better-performing assets in the last one and a half months. Alas, despite this rise, it is yet to gain some audience in the DeFi market where it once used to be competition to the likes of AAVE, MakerDAO.


Compound (COMP) Increased by 84% After June Lows: Biggest Weekly Gainers - BeInCrypto

Be[In]Crypto takes a look at the five cryptocurrencies that increased the most from June 24 to July 1, including Compound (COMP), which is in the process of breaking out from a corrective pattern. The post Compound (COMP) Increased by 84% After June Lows: Biggest Weekly Gainers appeared first on BeInCrypto.


Compound [COMP] is 13 months down, but will the 14th be the same - AMBCrypto

While the broader market's bearishness has certainly impacted the price and growth of Compound [COMP], a significant contribution to the same also comes from decreasing demand. This is clearly visible when observing the on-chain statistics of the lending protocol.


Firstrade Lists ENJ, MKR, BNT & COMP - Bitcoin

Just weeks after launching its cryptocurrency trading platform, online brokerage Firstrade Securities has already begun expanding its available crypto listings. The most recent additions to the tradeable crypto coins on Firstrade are ENJ (Enjin), Maker (MKR), Bancor Network Token (BNT) and Compound (COMP). The latest 4 coins now make a total of 41 available cryptocurrencies

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