BTC$41 774.92


ETH$3 118.68




Binance Coin


USD Coin




Compound (COMP): The Lull Before the Storm

August 2020

Compound (COMP) is considered to be the rising star in the space of decentralized finance (DeFi). The ERC-20 native token of the eponymous blockchain platform has been on the market for little over two weeks - the coin itself was released in April - but has already become the talk of the town, mainly because of the interesting underlying fundamentals.

In a nutshell, Compound was designed to afford an opportunity for borrowers and lenders to earn interest while also being able to use these funds in other decentralized applications for the purpose of trading, making transactions, and other operations. In other words, it’s as if you were able to put money in a savings account at the traditional bank but retain the option to use them at any given time. Compound utilizes a proprietary decentralized lending protocol that generates the so-called cTokens in the amount equivalent to a deposit in other cryptocurrencies. It’s cToken that actually earns the holder the interest which can be redeemed at any time along with the borrowed funds.

The fundamental value of COMP stretches beyond lending and earning interest, but we won’t delve into further details here. Let’s just say that Compound is one of the few newly emerged altcoins that actually brings a noteworthy solution to this space.

The current situation in the COMP market

The coin has already had a 120% bull rally that followed a dip to the all-time low at $61,25 right after the listing. The rally ended with COMP hitting the all-time high at $381,89 on June 21, and a subsequent 56% correction to the present price level at $162. Over the past 7 days, COMP lost 15.3% of its USD value, as well as 14.9% and 16% against Bitcoin and Ethereum, respectively.

COMP all-time chart

COMP is obviously not ripe for a downtrend reversal, but given its potential to become the second most popular altcoin in the DeFi space, behind Ethereum, traders should already be working on the entry tactics while the price seeks the bottom.

Could the next support become a reversal point?

Since Compound doesn’t have a lot of historical data to analyze because the coin is quite young, we base our COMP price analysis on the 4-hour time frame. Here we see that the price has been sliding slowly from $265 and is about to hit the resistance at $154, the level from which the last bull rally commenced.

4-hour COMP/USDT chart

To summarize, we predict that Compound’s price action will remain dull over the coming month, but this particular market bears the promise of substantial gains, so traders should look diligently for confirmed reversal signals.

Author: Alex Paulson for


Compound (COMP): Randing Following the Period of Intense Growth
Compound (COMP): Randing Following the Period of Intense Growth

Top Cryptocurrencies with Price Predictions

# Crypto Prediction Accuracy CVIX Price 24h 7d Market Cap 7d price change
1 Bitcoin (BTC) BTC Bitcoin predictions 72.4% 61 $41 774.92 -1.51% -4.69% $790 978 008 201 BTC 7 days price change
2 Ethereum (ETH) ETH Ethereum predictions 62.4% 77 $3 118.68 -1.45% -7.60% $371 830 760 833 ETH 7 days price change
3 Tether (USDT) USDT Tether predictions 91.2% 1 $1.000320 -0.02% 0% $78 339 642 559 USDT 7 days price change
4 Binance Coin (BNB) BNB Binance Coin predictions 73.2% 59 $466.91 -0.67% -4.12% $77 094 686 457 BNB 7 days price change
5 USD Coin (USDC) USDC USD Coin predictions 90.8% 1 $1.000410 0.03% 0.03% $45 996 617 886 USDC 7 days price change
6 Cardano (ADA) ADA Cardano predictions 72.4% 51 $1.34 -9.23% 3.04% $44 862 610 713 ADA 7 days price change
7 Solana (SOL) SOL Solana predictions 62% 82 $136.01 -3.30% -10.60% $42 727 088 409 SOL 7 days price change
8 XRP (XRP) XRP XRP predictions 68.8% 64 $0.741075 -2.05% -7.24% $35 321 959 717 XRP 7 days price change
9 Terra (LUNA) LUNA Terra predictions 68.8% 57 $80.80 0.51% 0.71% $28 879 627 990 LUNA 7 days price change
10 Polkadot (DOT) DOT Polkadot predictions 73.2% 51 $24.15 -4.13% -11.76% $23 854 220 686 DOT 7 days price change
11 Dogecoin (DOGE) DOGE Dogecoin predictions 74% 46 $0.162274 -2.55% 1.56% $21 529 056 131 DOGE 7 days price change
12 Avalanche (AVAX) AVAX Avalanche predictions 62.4% 81 $83.56 -3.11% -11.61% $20 417 555 600 AVAX 7 days price change
13 SHIBA INU (SHIB) SHIB SHIBA INU predictions 72% 61 $0.000027 -3.13% -14.21% $15 094 146 945 SHIB 7 days price change
14 Polygon (MATIC) MATIC Polygon predictions 72.4% 59 $2.05 -5.04% -12.70% $15 023 124 537 MATIC 7 days price change
15 Binance USD (BUSD) BUSD Binance USD predictions 96% 1 $0.999348 -0.14% 0% $14 332 300 070 BUSD 7 days price change

Be the first to receive Cryptocurrency Price Predictions and Forecasts daily

Get cryptocurrency price predictions, forecasts with analysis and news right to your inbox.

© 2015-2022

The usage of this website constitutes acceptance of the following legal information. Any contracts of financial instruments offered to conclude bear high risks and may result in the full loss of the deposited funds. Prior to making transactions one should get acquainted with the risks to which they relate. All the information featured on the website, including information about the cryptocurrencies and bitcoin is intended solely for informational purposes, is not a means of advertising them, and doesn't imply direct instructions for investing. Crypto Rating shall not be liable for any loss, including unlimited loss of funds, which may arise directly or indirectly from the usage of this information. The editorial staff of the website does not bear any responsibility whatsoever for the content of the comments or reviews made by the site users about cryptocurrencies. The entire responsibility for the contents rests with the authors. Reprint of the materials is available only with the permission of the editorial staff.