Overview of Compound (COMP) Today
The current price of Compound (COMP) stands at $41.59, reflecting a dynamic and active market presence. Over the past 24 hours, the trading volume reached $1.74 million, indicating sustained interest from traders and investors. With a market capitalization of $390.58 million, COMP holds a market dominance of approximately 0.011%. Despite a recent dip of -7.35% in the last day, the overall market sentiment remains positive, suggesting potential for recovery and growth.
Key metrics highlight the asset's performance:
- 24-Hour Turnover: $1.74M
- All-Time High (ATH): $910.54
- 24-Hour High: $44.88
- All-Time Low (ATL): $25.74
- 24-Hour Low: $41.48
These figures provide a snapshot of COMP's volatility and trading behavior, essential for understanding its short-term movements.
Market Capitalization and Supply Details
Compound's market cap of $390.58M is supported by a fully diluted valuation (FDV) of $415.9M, indicating that the market cap represents 93.91% of the FDV. This suggests that most tokens are already in circulation, reducing future inflationary pressures.
Supply metrics are crucial for evaluating scarcity and value:
- Circulating Supply: 9.39M COMP
- Total Supply: 10M COMP
- Max Supply: 10M COMP
The fixed max supply of 10 million tokens implies a capped issuance, which can contribute to price stability and long-term appreciation as demand evolves.
Compound (COMP) Price Prediction
Projections for Compound's price indicate a promising trajectory. In 2025, the average price is anticipated to be around $41.7, with potential fluctuations between $27.1 and $61.29. Looking further ahead, by 2035, COMP could reach up to $182.57, representing a potential return of +237.00% from current levels. These forecasts are based on market trends, adoption rates, and the evolving decentralized finance (DeFi) landscape.
Below is a summarized price prediction table for Compound (COMP):
| Year | Minimum Price | Highest Price | Average Price | Change |
|---|---|---|---|---|
| 2025 | $27.1 | $61.29 | $41.7 | -- |
| 2026 | $46.34 | $67.46 | $51.49 | +23.00% |
| 2027 | $49.96 | $65.43 | $59.48 | +43.00% |
| 2028 | $40.59 | $69.95 | $62.45 | +50.00% |
| 2029 | $59.58 | $88.05 | $66.2 | +59.00% |
| 2030 | $65.55 | $102.57 | $77.12 | +85.00% |
| 2031 | $73.67 | $104.22 | $89.85 | +116.00% |
| 2032 | $81.51 | $118.39 | $97.04 | +133.00% |
| 2033 | $61.39 | $120.64 | $107.71 | +158.00% |
| 2034 | $109.61 | $166.7 | $114.17 | +174.00% |
| 2035 | $78.64 | $182.57 | $140.43 | +237.00% |
These estimates should be considered as informed speculation, as cryptocurrency markets are influenced by numerous unpredictable factors. For those interested in deeper analysis, explore more strategies on evaluating digital assets.
Historical Price Performance
Understanding past performance is key to contextualizing future predictions. Over the last 24 hours, COMP's price decreased by -7.35%, while the seven-day change shows a -8.51% movement. The past month and year reflect declines of -8.07% and -12.98%, respectively, indicating a period of adjustment within a broader market cycle.
A breakdown of recent changes:
| Time Period | Change Amount | % Change |
|---|---|---|
| 1H | -$0.2089 | -0.5% |
| 24H | -$3.29 | -7.35% |
| 7D | -$3.86 | -8.51% |
| 30D | -$3.65 | -8.07% |
| 1Y | -$6.2 | -12.98% |
This data helps investors identify trends and make informed decisions based on short-term and long-term movements.
Frequently Asked Questions
What is Compound (COMP)?
Compound is a decentralized finance (DeFi) protocol that allows users to lend and borrow cryptocurrencies without intermediaries. Its native token, COMP, enables holders to participate in governance decisions, such as proposing and voting on protocol changes. This functionality empowers the community to steer the platform's development.
How is the price of COMP determined?
The price of COMP is determined by supply and demand dynamics on various cryptocurrency exchanges. Factors influencing its value include overall market sentiment, adoption rates of the Compound protocol, developments in the DeFi sector, and broader economic conditions. Like other digital assets, it is subject to volatility.
What are the main use cases for the COMP token?
COMP tokens are primarily used for governance within the Compound ecosystem. Holders can delegate voting rights to propose changes or vote on proposals affecting the protocol. Additionally, some users engage in yield farming or staking strategies to earn rewards, leveraging the token's utility in decentralized applications.
Is Compound a good long-term investment?
As with any cryptocurrency, investing in COMP carries risks due to market volatility. However, its role in the growing DeFi sector and fixed token supply may present long-term potential. Investors should conduct thorough research, assess their risk tolerance, and consider market trends before making investment decisions. View real-time tools to aid in your analysis.
How can I stay updated on COMP price movements?
You can monitor COMP price movements through reputable cryptocurrency tracking websites and exchanges that provide real-time data, charts, and news alerts. Setting up price notifications and following official Compound community channels can also help you stay informed about latest developments and market shifts.
What factors could affect future COMP prices?
Future COMP prices may be influenced by factors such as regulatory developments affecting DeFi, technological upgrades to the Compound protocol, shifts in user adoption, overall cryptocurrency market trends, and macroeconomic conditions. Innovations in blockchain technology and increased institutional interest could also play significant roles.
Conclusion
Compound (COMP) remains a significant player in the decentralized finance landscape, with a current price of $41.59 and a market cap of $390.58M. While short-term performance shows some decline, long-term predictions suggest potential growth, with estimates reaching up to $182.57 by 2035. Understanding its supply mechanics, historical data, and market sentiment is crucial for anyone interested in this digital asset. As the DeFi sector evolves, COMP's governance utility and fixed supply may continue to attract attention from investors and users alike.