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Compoundfinance

COMPOUND COMP price ready for x2 growth?Today, we liked the Compusdt trading pair on global 3 days chart. It has not been analyzed for a long time, but now I liked that the Compusd price is moving in its own way, despite the maneuvers of the BTCusdt price. In general, Compound Protocol is in the top 10 in terms of volumes of blocked resources (TVL) in DeFi protocols Perhaps the individual behavior of the Compound price is somehow affected by this news: "DeFi project Compound has launched a lending service for institutional investors" Or maybe something more interesting is being prepared in the project, which we will find out after the COMP price shoots up) Summing up: while the COMP price is above $55, there is a good chance for x2 growth to the $100 area, where there is a strong liquidity zone. _____________________ Did you like our analysis? Leave a comment, like, and follow to get more
by P_S_trade
20
COMP/BTC LongCOMP/BTC is one of the more undervalued DeFi Bluechips: As the governance token for a well executed lending and borrowing platform with a TVL of ~$9.42B, a market cap of only ~$2.35B is not a worthy valuation for what this protocol offers. Coupled with the fundamentals. the COMP technicals look primed for expansion upward. The Madrid Moving Average Ribbon has twisted green which is an early indicator of trend change, signaling that a new uptrend will be starting. Price has broken out of a bull pennant and retested the top diagonal as support ready to make a move up to the long term diagonal down trend line (orange) and once price confirms and S/R flip there, we should see forceful price movement potentially to the 0.618 fib retracement line around .019708
Long
by Hrempe
COMP - Full retrace incoming? Looks not as good now as before, has dumped 44% and weakly bounced. If it loses 200 level, it will completely roll back. I think if bitcoin continues to fall or sideways it will dump. Plan to short a retest of the $240 resistance. The biggest supply APY: 06/21: BAT : 25.45%; for USDT it's 0.1%. COMP: $350 06/21: BAT : 25.28%; for USDT it's 0.15%. COMP: $217 Hit the "LIKE" button and follow to support, thank you. Information is just for educational purposes, never financial advice. Always do your own research.
FTX:COMPUSD
by Bitduke
1
COMP - New hyped DeFi protocol, farming APYLending protocol Compound token, COMP , currently trading at $352 after steady growth within three days from time COMP-ETH pair began trading on Uniswap. What's the deal and how to get it? Compound is an algorithmic money market protocol on Ethereum that lets users earn interest or borrow assets against collateral COMP can be earned proportionate to the interest being accrued. For example, if you convert your USDT into cUSDT, each day you will get an interest based on the current market supply (can be found on the compound website, supply annual percentage yield (APY)). The biggest member APY right now is for BAT : 25.45%; for USDT it's 0.1%. Available markets: USDT, DAI, USDC, WBTC, BAT, ZRX, REP, ETH But don't get caught long top, it has already grown by 140% . Hit the "LIKE" button and follow to support, thank you. Information is just for educational purposes, never financial advice. Always do your own research.
by Bitduke
4