If you possess at least some insight into what’s going on in the DeFi space right now, then you ought to know that Compound (COMP) represents one of the biggest projects, having already locked around $800 million in assets.
But despite the resounding success in fundamental development, COMP’s price action has been severely lacking bullishness since the beginning of the month, as the DeFi token gained only 13% in the USD market over that period of time, while keeping on the level with Bitcoin.
Seeking the bottom of the correction
Let’s begin the COMP price analysis with a look at the all-time chart, which is not particularly extensive since Compound got listed on the exchanges this July.
COMP historical chart