Monday, November 28, 2022
 

Compound (COMP) Price Prediction: Will COMP Reach $400 in 2022?

  • Bullish COMP price prediction ranges from $67.92 to $351.11.
  • COMP price might also reach $400 this 2022.
  • COMP’s bearish market price prediction for 2022 is $18.67.

The compound is a decentralized finance (DEFI) protocol launched on the Ethereum blockchain. Its native token is denoted with COMP.

Compound investors are bullish on the token since it has had a return on investment (ROI) of over 107% in the past three months. The crypto bubble in 2021 led to an increase in the price of AUCTION to its present all-time high (ATH) of $911.20, which was attained in May 2021. Irrespective of the recent crypto winter, which led to a dip in the price of most cryptocurrencies, COMP investors are confident that the future of COMP is bullish.

If you are interested in the future of Compound (COMP) and want to know the price analysis and prediction of COMP for 2022, 2023, 2024, 2025, 2026, and up to 2030, keep reading this CoinEdition article.

What is Compound (COMP)?

Compound is a decentralized finance protocol that allows cryptocurrency hodlers to earn interest on their assets by engaging in some activities within the protocol. The activities include lending, borrowing and depositing their holdings with the protocol. Its native token is called COMP.

Compound (COMP) is present in blockchains like Ethereum blockchain, Binance Smart Chain, Sora blockchain, Solana, Avalanche blockchain and xDai. Hence, hodlers of COMP can deposit their assets on these chains.

Compound was launched in 2017, but its mainnet was launched in September 2018. The co-founders of Compound are Robert Leshner and Geoffrey Hayes.

Users who interact with the Compound protocol receive a minted token. This token is used to withdraw the deposited assets and the earned interest. The compound team charges a 10% fee on each accumulated interest.

COMP, the native token of the Compound protocol, is used in voting and debating on the platform’s proposals and other governance decisions by the investors and holders. Compound is one of the Defi platforms with the same security powered by the Ethereum blockchain.

Compound (COMP) Current Market Status

The maximum Compound (COMP) supply is 10,000,000 COMP, while its circulating supply is 7,261,981 COMP, according to CoinMarketCap. At the time of writing, COMP is trading afor$55.54.92, which represents 24 hours decrease of 1.12%. The trading volume of COMP in the past 24 hours is $55.23 million, which represents a 46% increase.

Some top cryptocurrency exchanges for trading Compound (COMP) are Binance, Coinbase, Huobi Global, Gate.io, Bithumb and others.

Now that you know what COMP is and its current market status, we shall discuss the price analysis of Compound (COMP) for 2022.

Compound (COMP) Price Analysis 2022

Currently, COMP is ranked in the 95th position on CoinMarketCap. Will developments and upgrades within the Compound community increase the Compound’s price (COMP)? We shall see in this CoinEdition price analysis 2022 article.

Compound (COMP) Price Analysis- Keltner Channel

COMP/USDT 1Day Chart Showing Keltner Channel (Source: Tradingview)

Keltner Channel is a technical analysis indicator used to determine trend directions by measuring the volatility above or below the candlesticks. From the Keltner Channel signals for Compound (COMP), it could be seen that the present bullish run could continue since the recent candlesticks are within the first half of the chart from the top. Also, since the last candlestick is bullish, the present increase in COMP price might be sustained before any reversal would be expected.

Compound (COMP) Price Analysis- Relative Strength Index

COMP/USDT 1Day Chart Showing Relative Strength Index (Source: Tradingview)
COMP/USDT 1Day Chart Showing Relative Strength Index (Source: Tradingview)

The Relative Strength Index (RSI) is a technical analysis indicator that measures the relative momentum in the magnitude and speed of recent price changes of an asset to deduce if it is an oversold or overbought asset. The RSI value of Compound (COMP) 1day chart of COMP/USDT is 58.97.  This shows that COMP is showing a strong trend between 50 and 70. This value could trigger a further bullish run if more buyers could be attracted to gain from the expected price increase to the 70 RSI value, which is the overbought region, before any price correction soon.

Compound (COMP) Price Analysis-Moving Averages

COMP/USDT 1Day Chart Showing 200-MA and 100-MA (Source: Tradingview)
COMP/USDT 1Day Chart Showing 200-MA and 100-MA (Source: Tradingview)

The chart above shows the 1Day chart of COMP 200-day and 100-day Moving Average (MA). Presently, COMP is on a bullish trend, as indicated in the recent uptrend. Since the 200-MA is above the 100-MA, we can deduce that the price is bullish for long-term hodlers.

Also, since the gap between the moving averages is wide and within the recently formed candlesticks, the price of Compound (COMP) might experience a significant rise or fall in the future.

Compound (COMP) Price Prediction 2022

COMP/USDT 1Day Chart (Source: Tradingview)
COMP/USDT 1Day Chart (Source: Tradingview)

By looking at the daily chart of COMP/USDT, COMP price was swinging from $101.47 resistance2 to $67.92 resistance1 after touching the support levels at $40.40 and $18.67. It reversed from the support level of $40.40 and now going sideways in the market and is expected to be bullish in the coming weeks.

Meanwhile, our long-term COMP price prediction for 2022 is bullish since it cannot break the present support level soon. We can expect COMP to reach $400 in 2022.

Compound (COMP) Price Prediction-Resistance and Support Levels

COMP/USDT 1Day Chart (Source: Tradingview)
COMP/USDT 1Day Chart (Source: Tradingview)

This bullish chart shows that the price of COMP has decreased by 15.7% in the past 30 days. If this price decrease reverses, COMP could break the $67.92 resistance1 level and move higher to $351.11 at the resistance7 level and even higher, the bullish signal for 2022.

However, if sellers have their way, the COMP price might be dethroned from its present uptrend position. In simpler terms, COMP might trend below the $18.67 support2 level and even lower in 2022, a bearish signal.

Compound (COMP) Price Prediction 2023

If the value of the relative strength index (RSI) of COMP is at least 50 by the end of 2022, it means that the bulls and investors are in change. This could spill over into the first half of 2023, which could make the Compound (COMP) price trade around $600 by the end of 2023.

Compound (COMP) Price Prediction 2024

The positive sentiment that comes with the news of Bitcoin halving could directly impact the price of COMP. Since 2024 is a year of Bitcoin halving, and most cryptocurrencies respond in the same trend as Bitcoin, we could see the cost of COMP trade at $800 by the end of 2024.

Compound (COMP) Price Prediction 2025

By the end of 2025, the price of Compound (COMP) could rise to $1200. This is because of the price surge a year after Bitcoin halved. It is also considering that more developments will be introduced into the COMP platform to ensure more investors are attracted to its decentralized finance products.

Compound (COMP) Price Prediction 2026

With the number of COMP hodlers on the increase and the growing sentiment about cryptocurrencies, COMP has the possibility of holding most of its recent gains and consolidating. Hence, the price of COMP could trade around $1400 by the end of 2026 due to the bear market that serves as a market correction after a strong bullish run.

Compound (COMP) Price Prediction 2027

By the end of 2026, most investors will be preparing for a possible trend reversal in the direction of the bulls. This is due to the possibility that the market has attained its minimum support level. The price of COMP could surge to $1600 by the end of 2027.

Compound (COMP) Price Prediction 2028

In 2028, there will be Bitcoin halving. Hence, the consolidating market in 2027 could be followed by a bullish run. This is due to the impact of news surrounding any year of Bitcoin halving. Therefore, the market could attain a higher high-value Compound (COMP) could hit $2000 by the end of 2028.

Compound (COMP) Price Prediction 2029

By 2029, there could be much stability in the price of most cryptocurrencies that had stayed for over a decade. This is due to implementing some lessons learnt to ensure their investors retain the project’s confidence. This impact, coupled with the price surge that follows a year after Bitcoin (BTC) halving, could surge the COMP price to $3000 by the end of 2029.

Compound (COMP) Price Prediction 2030

The cryptocurrency market experienced high stability as a result of the hodling activities of early investors so as not to lose future gains in the price of their assets. We could expect the price of Compound (COMP) to trade around $3500 by the end of 2030, irrespective of the previously bearish market that followed a market surge in the earlier years.

Conclusion

As said above, COMP might reach $400 in 2022 and $3500 by 2030 if investors have decided that COMP is a good investment along with mainstream cryptocurrencies like Bitcoin and Ethereum.

FAQ

What is Compound (COMP)?

Compound is a decentralized finance (DEFI) protocol that allows cryptocurrency hodlers to earn interest on their assets by engaging in some activities within the protocol. The activities include lending, borrowing and depositing their holdings with the protocol. Its native token is called COMP.

How to buy a Compound (COMP) Token?

Like other cryptocurrencies, Compound (COMP) can be traded in cryptocurrency exchanges like Binance, Huobi Global, FTX, Kucoin, Gate.io, and others.

Will COMP Token surpass its present ATH?

COMP has a low possibility of surpassing its present all-time high (ATH) price of $911.20 in 2022. However, due to the positive sentiments of its investors, this could be reached by 2025

Can COMP reach $400 soon?

COMP is one of the few cryptocurrencies that has retained bullish momentum in the past 14 days. If this momentum is maintained, COMP might reach $400 soon after its breaks the $67.92 psychological resistance.

Is COMP a good investment?

COMP has been one of the most suitable investments in the crypto space in the past three months. Its return on investment of over 100% makes it one of the assets to keep on the watch list and own for the future.

What is the current all-time low price of COMP?

COMP has a current all-time low price of $26.52.

Who are the co-founders of Compound?

Robert Leshner and Geoffrey Hayes founded compound (COMP).

What is the maximum supply of COMP?

COMP has a maximum supply of 10,000,000 COMP.

When was COMP launched?

It was launched in 2017.

Where can COMP be stored?

COMP can be stored in private wallets and cold and hot wallets of centralized exchanges.

What will be the COMP price by 2023?

COMP price is expected to reach $600 by 2023.

What will be the COMP price by 2024?

COMP price is expected to reach $800 by 2024.

What will be the COMP price by 2025?

COMP price is expected to reach $1200 by 2025.

What will be the COMP price by 2026?

COMP price is expected to reach $1400 by 2026.

What will be the COMP price by 2027?

COMP price is expected to reach $1600 by 2027.

What will be the COMP price by 2028?

COMP price is expected to reach $2000 by 2028.

What will be the COMP price by 2029?

COMP price is expected to reach $3000 by 2029.

What will be the COMP price by 2030?

COMP price is expected to reach $3500 by 2030.

Disclaimer: The views and opinions, as well as all the information shared in this price prediction, are published in good faith. Readers must do their research and due diligence. Any action taken by the reader is strictly at their own risk. Coin Edition and its affiliates will not be held liable for any direct or indirect damage or loss.

More Crypto Price Predictions:

  • Bullish COMP price prediction ranges from $67.92 to $351.11.
  • COMP price might also reach $400 this 2022.
  • COMP’s bearish market price prediction for 2022 is $18.67.

The compound is a decentralized finance (DEFI) protocol launched on the Ethereum blockchain. Its native token is denoted with COMP.

Compound investors are bullish on the token since it has had a return on investment (ROI) of over 107% in the past three months. The crypto bubble in 2021 led to an increase in the price of AUCTION to its present all-time high (ATH) of $911.20, which was attained in May 2021. Irrespective of the recent crypto winter, which led to a dip in the price of most cryptocurrencies, COMP investors are confident that the future of COMP is bullish.

If you are interested in the future of Compound (COMP) and want to know the price analysis and prediction of COMP for 2022, 2023, 2024, 2025, 2026, and up to 2030, keep reading this CoinEdition article.

What is Compound (COMP)?

Compound is a decentralized finance protocol that allows cryptocurrency hodlers to earn interest on their assets by engaging in some activities within the protocol. The activities include lending, borrowing and depositing their holdings with the protocol. Its native token is called COMP.

Compound (COMP) is present in blockchains like Ethereum blockchain, Binance Smart Chain, Sora blockchain, Solana, Avalanche blockchain and xDai. Hence, hodlers of COMP can deposit their assets on these chains.

Compound was launched in 2017, but its mainnet was launched in September 2018. The co-founders of Compound are Robert Leshner and Geoffrey Hayes.

Users who interact with the Compound protocol receive a minted token. This token is used to withdraw the deposited assets and the earned interest. The compound team charges a 10% fee on each accumulated interest.

COMP, the native token of the Compound protocol, is used in voting and debating on the platform’s proposals and other governance decisions by the investors and holders. Compound is one of the Defi platforms with the same security powered by the Ethereum blockchain.

Compound (COMP) Current Market Status

The maximum Compound (COMP) supply is 10,000,000 COMP, while its circulating supply is 7,261,981 COMP, according to CoinMarketCap. At the time of writing, COMP is trading afor$55.54.92, which represents 24 hours decrease of 1.12%. The trading volume of COMP in the past 24 hours is $55.23 million, which represents a 46% increase.

Some top cryptocurrency exchanges for trading Compound (COMP) are Binance, Coinbase, Huobi Global, Gate.io, Bithumb and others.

Now that you know what COMP is and its current market status, we shall discuss the price analysis of Compound (COMP) for 2022.

Compound (COMP) Price Analysis 2022

Currently, COMP is ranked in the 95th position on CoinMarketCap. Will developments and upgrades within the Compound community increase the Compound’s price (COMP)? We shall see in this CoinEdition price analysis 2022 article.

Compound (COMP) Price Analysis- Keltner Channel

COMP/USDT 1Day Chart Showing Keltner Channel (Source: Tradingview)

Keltner Channel is a technical analysis indicator used to determine trend directions by measuring the volatility above or below the candlesticks. From the Keltner Channel signals for Compound (COMP), it could be seen that the present bullish run could continue since the recent candlesticks are within the first half of the chart from the top. Also, since the last candlestick is bullish, the present increase in COMP price might be sustained before any reversal would be expected.

Compound (COMP) Price Analysis- Relative Strength Index

COMP/USDT 1Day Chart Showing Relative Strength Index (Source: Tradingview)
COMP/USDT 1Day Chart Showing Relative Strength Index (Source: Tradingview)

The Relative Strength Index (RSI) is a technical analysis indicator that measures the relative momentum in the magnitude and speed of recent price changes of an asset to deduce if it is an oversold or overbought asset. The RSI value of Compound (COMP) 1day chart of COMP/USDT is 58.97.  This shows that COMP is showing a strong trend between 50 and 70. This value could trigger a further bullish run if more buyers could be attracted to gain from the expected price increase to the 70 RSI value, which is the overbought region, before any price correction soon.

Compound (COMP) Price Analysis-Moving Averages

COMP/USDT 1Day Chart Showing 200-MA and 100-MA (Source: Tradingview)
COMP/USDT 1Day Chart Showing 200-MA and 100-MA (Source: Tradingview)

The chart above shows the 1Day chart of COMP 200-day and 100-day Moving Average (MA). Presently, COMP is on a bullish trend, as indicated in the recent uptrend. Since the 200-MA is above the 100-MA, we can deduce that the price is bullish for long-term hodlers.

Also, since the gap between the moving averages is wide and within the recently formed candlesticks, the price of Compound (COMP) might experience a significant rise or fall in the future.

Compound (COMP) Price Prediction 2022

COMP/USDT 1Day Chart (Source: Tradingview)
COMP/USDT 1Day Chart (Source: Tradingview)

By looking at the daily chart of COMP/USDT, COMP price was swinging from $101.47 resistance2 to $67.92 resistance1 after touching the support levels at $40.40 and $18.67. It reversed from the support level of $40.40 and now going sideways in the market and is expected to be bullish in the coming weeks.

Meanwhile, our long-term COMP price prediction for 2022 is bullish since it cannot break the present support level soon. We can expect COMP to reach $400 in 2022.

Compound (COMP) Price Prediction-Resistance and Support Levels

COMP/USDT 1Day Chart (Source: Tradingview)
COMP/USDT 1Day Chart (Source: Tradingview)

This bullish chart shows that the price of COMP has decreased by 15.7% in the past 30 days. If this price decrease reverses, COMP could break the $67.92 resistance1 level and move higher to $351.11 at the resistance7 level and even higher, the bullish signal for 2022.

However, if sellers have their way, the COMP price might be dethroned from its present uptrend position. In simpler terms, COMP might trend below the $18.67 support2 level and even lower in 2022, a bearish signal.

Compound (COMP) Price Prediction 2023

If the value of the relative strength index (RSI) of COMP is at least 50 by the end of 2022, it means that the bulls and investors are in change. This could spill over into the first half of 2023, which could make the Compound (COMP) price trade around $600 by the end of 2023.

Compound (COMP) Price Prediction 2024

The positive sentiment that comes with the news of Bitcoin halving could directly impact the price of COMP. Since 2024 is a year of Bitcoin halving, and most cryptocurrencies respond in the same trend as Bitcoin, we could see the cost of COMP trade at $800 by the end of 2024.

Compound (COMP) Price Prediction 2025

By the end of 2025, the price of Compound (COMP) could rise to $1200. This is because of the price surge a year after Bitcoin halved. It is also considering that more developments will be introduced into the COMP platform to ensure more investors are attracted to its decentralized finance products.

Compound (COMP) Price Prediction 2026

With the number of COMP hodlers on the increase and the growing sentiment about cryptocurrencies, COMP has the possibility of holding most of its recent gains and consolidating. Hence, the price of COMP could trade around $1400 by the end of 2026 due to the bear market that serves as a market correction after a strong bullish run.

Compound (COMP) Price Prediction 2027

By the end of 2026, most investors will be preparing for a possible trend reversal in the direction of the bulls. This is due to the possibility that the market has attained its minimum support level. The price of COMP could surge to $1600 by the end of 2027.

Compound (COMP) Price Prediction 2028

In 2028, there will be Bitcoin halving. Hence, the consolidating market in 2027 could be followed by a bullish run. This is due to the impact of news surrounding any year of Bitcoin halving. Therefore, the market could attain a higher high-value Compound (COMP) could hit $2000 by the end of 2028.

Compound (COMP) Price Prediction 2029

By 2029, there could be much stability in the price of most cryptocurrencies that had stayed for over a decade. This is due to implementing some lessons learnt to ensure their investors retain the project’s confidence. This impact, coupled with the price surge that follows a year after Bitcoin (BTC) halving, could surge the COMP price to $3000 by the end of 2029.

Compound (COMP) Price Prediction 2030

The cryptocurrency market experienced high stability as a result of the hodling activities of early investors so as not to lose future gains in the price of their assets. We could expect the price of Compound (COMP) to trade around $3500 by the end of 2030, irrespective of the previously bearish market that followed a market surge in the earlier years.

Conclusion

As said above, COMP might reach $400 in 2022 and $3500 by 2030 if investors have decided that COMP is a good investment along with mainstream cryptocurrencies like Bitcoin and Ethereum.

FAQ

What is Compound (COMP)?

Compound is a decentralized finance (DEFI) protocol that allows cryptocurrency hodlers to earn interest on their assets by engaging in some activities within the protocol. The activities include lending, borrowing and depositing their holdings with the protocol. Its native token is called COMP.

How to buy a Compound (COMP) Token?

Like other cryptocurrencies, Compound (COMP) can be traded in cryptocurrency exchanges like Binance, Huobi Global, FTX, Kucoin, Gate.io, and others.

Will COMP Token surpass its present ATH?

COMP has a low possibility of surpassing its present all-time high (ATH) price of $911.20 in 2022. However, due to the positive sentiments of its investors, this could be reached by 2025

Can COMP reach $400 soon?

COMP is one of the few cryptocurrencies that has retained bullish momentum in the past 14 days. If this momentum is maintained, COMP might reach $400 soon after its breaks the $67.92 psychological resistance.

Is COMP a good investment?

COMP has been one of the most suitable investments in the crypto space in the past three months. Its return on investment of over 100% makes it one of the assets to keep on the watch list and own for the future.

What is the current all-time low price of COMP?

COMP has a current all-time low price of $26.52.

Who are the co-founders of Compound?

Robert Leshner and Geoffrey Hayes founded compound (COMP).

What is the maximum supply of COMP?

COMP has a maximum supply of 10,000,000 COMP.

When was COMP launched?

It was launched in 2017.

Where can COMP be stored?

COMP can be stored in private wallets and cold and hot wallets of centralized exchanges.

What will be the COMP price by 2023?

COMP price is expected to reach $600 by 2023.

What will be the COMP price by 2024?

COMP price is expected to reach $800 by 2024.

What will be the COMP price by 2025?

COMP price is expected to reach $1200 by 2025.

What will be the COMP price by 2026?

COMP price is expected to reach $1400 by 2026.

What will be the COMP price by 2027?

COMP price is expected to reach $1600 by 2027.

What will be the COMP price by 2028?

COMP price is expected to reach $2000 by 2028.

What will be the COMP price by 2029?

COMP price is expected to reach $3000 by 2029.

What will be the COMP price by 2030?

COMP price is expected to reach $3500 by 2030.

Disclaimer: The views and opinions, as well as all the information shared in this price prediction, are published in good faith. Readers must do their research and due diligence. Any action taken by the reader is strictly at their own risk. Coin Edition and its affiliates will not be held liable for any direct or indirect damage or loss.

More Crypto Price Predictions:

 

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