Compound price at the moment is 55.26$ with a circulation supply of 262126.72 COMP.
Live COMP Price Chart
Live COMP Price Change and Market Cap
At the moment, Compound price is 55.26$ and from the COMP price chart it can be seen that the 24-hour change is -3.04%. The total market capitalization of Compound is $undefined with a circulation supply of 4704 COMP and the trading volume within 24h is 259936 . In the last 24 hours, Compound price hit highs of 56.48$ and lows of 55.11$.
Compound Price Prediction
The price of the COMP token is mostly influenced by the development in the Compound protocol, since it is a governance token. Important updates can increase demand for COMP since it acts as voting power. The future of Compound, in turn, depends on the success of the upcoming consensus layer merge in Ethereum and regulations in DeFi.
According to a Compound price prediction for 2022, the token can gain at the very least +50% and rise to $650. The Compound price can reach and exceed $1,000 as early as in 2024. By 2030 and even 2025 some opinions claim COMP price can even exceed $10,000.
If you are looking for a software wallet, pick Exodus wallet, if security is your major priority, choose Trezor. In all these wallets you can track the live COMP price as well as other cryptocurrencies. Also, you will be able to exchange COMP at the best rates with ChangeHero in these wallets.
ChangeHero is the best cryptocurrency exchange to swap Compound. You can pick the type of rate which suits you the most. Best Rate is the go-to option if you absolutely want the best rate in the market for your Compound exchange. Go for the Fixed Rate, if you are looking to avoid the market fluctuations. ChangeHero covers the market risks for you by freezing a good rate for about 15 minutes. On top of this, you are not required to sign up on our platform to exchange Compound.
What is Compound?
The Compound protocol is designed to be able to algorithmically calculate interest rates for each asset in accordance with the supply and demand. Users can either supply tokens into the protocol or borrow/sell/use/re-lend assets if they put some of their balance as collateral.
COMP token holders can vote on all changes to the protocol themselves or delegate some of their voting power to other community members. Compound tokens are distributed to users that interact with the markets, regardless of whether they borrow, lend, withdraw or repay an asset, in proportion to the borrowing demand in the market.
Frequently Asked Questions
What are the fees for Compound exchange?
ChangeHero charges a low fee of 0.5% for your Compound exchange.
How long does it take to exchange COMP?
In general, it takes around 15 minutes for your COMP exchange to be processed. The time may vary depending on the blockchain.
Do I need to complete a KYC procedure for exchanging COMP?
No, you are not required to complete a KYC procedure for a COMP Exchange. However, we may ask you to go through a verification procedure if our threat detection system raises an alarm.
Can I buy COMP with Paypal?
No, we don’t accept Paypal. On ChangeHero you can buy COMP with other cryptocurrencies.
How can I keep up with the latest Compound news?
ChangeHero Blog is the perfect way to keep yourself updated with the latest COMP news.
How can I track the live COMP price?
Using our COMP price chart you can get not only the live COMP price but also the price history of the last 30 days.
Do I need to create an account to exchange Compound?
ChangeHero is a completely account-free cryptocurrency exchange. You will not be asked to create an account for your Compound exchange.