Compound Price Predictions

Crypto Rating presents the comprehensive Compound price prediction and forecast that provide a better insight into the current COMP market situation, future expectations concerning the price action and Compound market capitalization. It will help to get a grasp of what’s going on in the Crypto Market right now, adjust the trading strategy accordingly, make calculated investment and trading decisions in the future. Compound is a non-mineable token that is presently priced at $142.23, and has the market capitalization of $364 291 573, which puts it on the 41 place in the global Cryptocurrency Rating. The currently available supply of Compound is 2 561 279 tokens. It is important to the grasp of the projected changes in supply to properly calculate future market capitalization, hence the future price of the cryptocurrency under review.

The trading volume data allows to assess the overall strength of the trend, which, in turn, provides means for a more precise COMP price forecast, and predicts the shifts in supply and demand that play a decisive role in price changes in both immediate and distant future. According to coinmarketcap.com Compound trading volume for the past 24 hours is $95 727 754 that constitutes the increase from the previous day. The current tendencies with regard to changes in the average trading volume reveal the increasing demand for COMP tokens on the backdrop of the decreasing supply of the corresponding cryptocurrency.

To get a better understanding of recent COMP market fluctuations, we introduce the Crypto Volatility Index (CVIX) that clearly depicts the present price dynamics and offers some hints at the possible scenarios of future price action.

Most traders come to the cryptocurrency market in search of digital assets that promise high and extremely high returns, which is achieved, among other things, through volatility that is inherent to this space. And even though the capability of most cryptocurrencies to showcase tremendous gains has been hampered by recent crises, they still remain the point of attraction for those who see this market as a good alternative to stocks, Forex, and other traditional markets. Therefore, volatility represents an immensely important aspect of crypto trading. Crypto Rating always proceeds from a range of factors in when analyzing the price of Compound and offering short, medium and long-term price prediction using our proprietary algorithm that successfully incorporates artificial intelligence and specifically deep learning mechanisms. Employing the CVIX provides a profound insight into the underlying sentiments in the Compound market as it accurately depicts the mood of the participants.

Before delving into a more detailed Compound price prediction, we offer a short recap of the history of CVIX, the mechanism of its calculation, and also a few important tips on how to trade when CVIX is low.

In fact, it was the representative of the traditional markets, the Chicago Board Options Exchange, that served as a birthplace of the Volatility Index (VIX). The primary purpose of the VIX is to efficiently measure the expectations of market participants concerning the price movement of the S&P 500 index over the coming 30 days. A quick reminder that the S&P 500 is arguably the most important equity index that reflects the performance of America’s top 500 corporations, such as Google, Facebook, and Apple.

Taking into consideration the Crypto Market demands and specificity we reinvented the VIX. We’ve used the original VIX as the foundation and added the showings derived from the crypto market that has been developing dynamically over the last several years. The CVIX effectively reflects the 30-day backward-looking volatility within the 10% range. We calculate the average monthly price for Compound and analyze the number of deviations in the indicated range. The amount of fluctuations present in the market at a given time plays a key role in determining the value of CVIX because it indicates the degree of negative tension among market participants that we simply call the fear, the main driving force behind the volatility.

We have incorporated CVIX into our price prediction model due to several key factors:

  1. It is arguably one of the most effective instruments for determining the crowd expectations, a critical element of price movement.
  2. The index also takes into account the occurrences in the Crypto market that has a proven, and increasing, correlation with the Bitcoin price action, a dominant cryptocurrency that exerts a profound impact on the altcoin market, including that of Compound.
  3. The bullish convergence arises when the CVIX is going down, whereas the price starts plotting to the upside. In that case, our algorithm will conclude that there is a high probability of the upside action over the designated period of time.

To summarize, the CVIX displays how fearful are the market participants of the price of Compound dropping significantly over the last 30 days, which is synonymous with expected negative volatility. If CVIX is high (51-100 value), it flashes red and signals the increased probability of sharp price fluctuations. The green CVIX (1-20 value), on the other hand, means that the participants expect the market to remain calm and predictable over the said period of time. Yellow CVIX (21-50) is a moderate value meaning that traders are to expect some swings to the upside or the downside but without any disruptive changes of the overall trend structure.

The CVIX of Compound is currently flashing 61, which means that traders must brace themselves for significant price fluctuation that needs to be dealt with accordingly. The most basic approach to use when trading with CVIX in any market, whether it is cryptocurrency or stocks, is to set the buy triggers when the volatility goes overboard. The fear is prevailing in the Compound market that will subsequently lead to a substantial price drop. For those traders who already acquired a position, the high red CVIX implies that the time has come to elaborate on an exit strategy since high volatility combined with fearful sentiment generally results in a sizable price drop. The current price of Compound is $142.23, established on the back of the -8.88% decrease in the last 24 hours. In the past 30 days, the price of Compound has decreased by -20.96%, while its accomplishments on the 1-year time frame amount to 9.59%.The expected volatility for the next 10-15 days is at its highest values.

For a comprehensive Compound price analysis, let’s take a look at the price action on the monthly chart first to determine the key levels of support and resistance that the price is going to interact with on its presumed path to the all-time high.

COMP/USD price chart — 30 days

Our Compound price prediction algorithm takes account of not only the reading of the CVIX but also the all-encompassing data of historical price behavior, fundamental characteristics of the token and the prospects of project’s future development, the emerging candlestick patterns, as well as the signals coming from both leading and lagging indicators that also afford us an opportunity to foresee the measure of volatility and predict the following price action. On that basis of that, we anticipate that the price of Compound will change as follows:

  • In 1 day, the price of Compound will be $104.16, the -26.77% change from where it stands now.
  • In 7 days, Compound is going to rise in value by -26.52%.
  • In 30 days, the value of COMP will experience the 8.75% appreciation.
  • In 1 year, the price of the token will stand at $216.55, 52.25% from its current value.

Compound Price Prediction Chart — 1 year

Compound (COMP) Short Term Forecast

After Price Change
1 day $104.16 -26.77%
1 week $104.51 -26.52%
1 month $154.68 8.75%
6 months $185.62 30.50%
1 year $216.55 52.25%

According to our algorithm in 2 years, we expect the price of Compound of $303.32, a 113.26% increase.

In 3 years COMP will have the price of $476.87, a 235.28% increase.

In 4 years the projected price will be $823.96, a 479.31% increase.

In 5 years Compound will cost $1 518.13, after traveling 967.38% to the upside.

Compound Price Prediction Chart — 5 years

Compound (COMP) Long Term Forecast

After Price Change
1 year $216.55 52.25%
2 years $303.32 113.26%
3 years $476.87 235.28%
4 years $823.96 479.31%
5 years $1 518.13 967.38%

Here are some further tips on how to act when the CVIX estimated by our algorithm shows red.

  • First of all you have to realize that the market is growing increasingly fearful, which in the overwhelming majority of cases leads to the price reverse. In that situation, make sure that you have a stop-loss in place and start devising an exit plan.
  • Secondly, high CVIX doesn't provide a guarantee that the price will go to the downside and in your favour. Make sure to protect your position, determine your level of risk tolerance, and be prepared to cut the losses if the market turns against you.
  • Lastly, if you haven't taken the position yet while CVIX starts to glow red, try to estimate the win/loss ratio of the potential trade and refrain from going in unless it is at least 3:1. And, of course, you can always rely on the accurate Compound price predictions that will greatly facilitate your asset management strategy.

Speaking of Compound market capitalization, COMP boasts $364 291 573, which marks the -6.41% change in the last 24 hours on the back of the mentioned -8.88% price decrease. To understand the importance of market capitalization and correctly anticipate its changes is vital for the accurate Compound price forecast because it is one of the key elements of price formation. Our analysis suggests that COMP will see the following changes in its market capitalization.

Compound Market Cap Prediction Chart — 1 year

In 7 days the capitalization of Compound will be $267 679 268, a -26.52% decrease from current standings.

In a month the COMP capitalization will hit $396 178 636, a 8.75% increase.

In one year the token will see its capitalization rise to $554 650 090, a 52.25% increase.

Compound (COMP) Market capitalization Short Term Forecast

After Market capitalization Change
1 day $266 782 821 -26.77%
1 week $267 679 268 -26.52%
1 month $396 178 636 8.75%
6 months $475 414 363 30.50%
1 year $554 650 090 52.25%

We use the widely accepted formula to calculate the anticipated market capitalization of Compound, which implies multiplying its circulating supply by its current and predicted price. According to our calculations, the changes in COMP market capitalization in 2 years will be $776 897 391, a 113.26% increase.

In 3 years Compound will have the market cap of $1 221 391 994, a 235.28% increase.

In 4 years the projected market capitalization will be $2 110 381 200, a 479.31% increase.

In 5 years the token will reach the market capitalization of $3 888 359 611, a 967.38% increase.

Compound Market Cap Prediction Chart — 5 years

Compound (COMP) Market capitalization Long Term Forecast

After Market capitalization Change
1 year $554 650 090 52.25%
2 years $776 897 391 113.26%
3 years $1 221 391 994 235.28%
4 years $2 110 381 200 479.31%
5 years $3 888 359 611 967.38%

Cryptocurrency markets could behave in an erratic and irrational way that could entail significant losses, especially for fledgling traders who don't possess enough competence and experience. Please remember that the Compound price prediction offered by Crypto-Rating.com is not a financial advice or a call to action. We provide a comprehensive analysis to help investors make an educated personal decision regarding a trade or trading strategy. Cryptocurrency trading bears significant risks of losing money that must be mitigated with proper money management. Keep in mind that you are always trading at your own risk, and the CVIX-based price forecasts must be used only as a valuable part of your personal trading strategy. Please read our Disclaimer before using price predictions.


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