COMP to ETC conversion chart
Compound to Ethereum Classic correlation
According to the correlation analysis, COMP and ETC have a strong relationship with each other and are correlated. Whenever there is a change in the price of COMP then ETC also tends to follow the same pattern and move together.
Live COMP Price Change and Market Cap
At the moment, COMP price is 0.006478 ETC and it changed by -0.43% in the last 24 hours. Compound has a total market capitalization of $473 today. 476.45 COMP is in circulation. The 24-hour highest price of COMP was 0.006573 ETC and the lowest was 0.006475 ETC.
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.
Compound Wallets
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.
COMP to ETC exchange margin
The closing conversion rate for COMP to ETC yesterday was {{LAST}} ETC. Considering today’s exchange rate, a transaction of 1 COMP to ETC would result in an output of 0.006478 ETC ETC.
How to convert Compound to Ethereum Classic
Compound and Ethereum Classic comparison
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.
The infamous DAO hack in the Ethereum blockchain resulted in a loss of millions of dollars in the form of Ether. In an attempt to roll back the mishap and recover the lost ETH, the community decided to perform a hard fork and adopt new rules. A few in the community were against this decision of reverting things in the blockchain as it contradicts the immutable nature of the blockchain. Nevertheless, the hard fork was performed and Ethereum adopted the new rules. But the people who objected to this stuck to the old chain and the chain was renamed as the Ethereum Classic with the ticker ETC. In the history of blockchain, it’s the only hard fork that took place based on ethical values. To this day Ethereum Classic follows the “Code is Law” principle and doesn’t alter the way it works. The chain is also capable of smart contracts and building dApps.
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.
Compound to Ethereum Classic price details
COMP to ETC Conversion Rate and Price
At the moment, the conversion rate for 1 COMP equals to 0.006478 ETC. The 24-hour highest price of Compound in relation to ETC was 0.006573 ETC and the lowest was 0.006475 ETC. In short, COMP price in relation to ETC changed by -0.43%.
Instantly Exchange COMP to ETC
On ChangeHero you can instantly exchange Compound to Ethereum Classic without signup. You can easily convert COMP to ETC in a few clicks without worrying about the rates and fees. ChangeHero offers both the Best Rate and Fixed Rate for your COMP to ETC exchange.
COMP to ETC Best Rate Exchange
For the Best Rate exchange of Compound to Ethereum Classic, we search through various exchanges for the COMP to ETC pair and find the best rate available in the market. We provide you with an estimation of the amount of ETC you will receive.
As soon as you accept the terms and the COMP is deposited, the exchange will be automatically processed. We remind you that the final amount of ETC you receive may vary slightly due to the volatility in the price of the cryptocurrencies which affects the conversion rate of COMP to ETC.
COMP to ETC Fixed Rate Conversion
For the Fixed Rate exchange of Compound to Ethereum Classic, ChangeHero find a good rate for the pair COMP to ETC and fix the rate for up to 15 minutes. In the Best Rate exchange of COMP to ETC, you will receive the exact amount of ETC which was shown in the estimate.
ChangeHero is a non-custodial service and never holds your cryptocurrency. As soon as the exchange is completed, we send your assets to the mentioned ETC address. ChangeHero is the best place to exchange COMP to ETC fast and safe at the best rates.
Frequently asked questions
How long does it take to convert COMP to ETC?
Usually, it takes around 15 minutes but the time may vary depending on how busy the network is.
Do I need an account to exchange COMP to ETC?
No, you do not need an account to swap COMP to ETC on ChangeHero. There will be no registrations for your Compound to Ethereum Classic transaction.
Do I need to go through KYC procedures for COMP to ETC exchange?
There will be no KYC for the COMP to ETC exchange. However, if our threat detection system raises the alarm then we ask you to complete a simple verification procedure that takes a few minutes.
Can I exchange ETC to COMP?
Yes, you can instantly exchange ETC to COMP on ChangeHero.