Compound is software that runs on Ethereum. It incentivizes a distributed network of computers to operate a traditional money market. The compound is a DeFi protocol that allows users to lend and borrow cryptocurrencies without an intermediary. Compound awards deposits with a new cryptocurrency called a cToken, whereas the COMP token is the native crypto of the protocol. When users borrow, withdraw or repay an asset, they earn COMP tokens. Compound rewards lenders with COMP tokens based on the amount of cTokens held in their wallet. This protocol and the COMP token are based on the ERC-20 standard.
The fastest, most convenient way to purchase Compound is to purchase it on ICONOMI. We check Compound live prices on 10+ crypto exchanges and buy it at the best market price.
You can buy Compound by adding it to your private Crypto Strategy (crypto portfolio). You can also use our recurring buy feature that tends to level out cryptocurrency price volatility effects. You can find out more about how to benefit from smaller investments at regular intervals on our blog article.
We recommend you do your own research and cryptocurrency analysis. Experienced crypto traders use fundamental and technical analysis to evaluate if Compound is a good buy/sell. Fundamental and technical analyses are the two most common types of analysis used in trading traditional assets (e.g. stocks and bonds).
If you are unfamiliar with analyzing cryptocurrency prices and want to buy Compound, we recommend you read the next section, as copying might be a better approach.
If you are not skilled at these, consider a different approach to investing in cryptocurrencies. You can learn from and copy seasoned crypto traders on ICONOMI who regularly share their insights and manage their public Crypto Strategies. Go to the strategies page and use the “ticker” filter to find out which public Crypto Strategies have Compound in their structure.
Here you can read and comment on all posts made by Strategists about Compound COMP. See all Compound USD price predictions in real time and make the best use of their crypto knowledge.
An interesting end to the week after the last US Jobs numbers of 2024:
US dollar up.
Oil prices up.
Stocks down.
$BTC up. 🫢
#Altcoins up. 😅 $XRP $ALGO $BAT $COMP
We actually expected Crypto to be as negative as stocks if not worse.
Please follow us on X @mzansicrypto_ for more realtime updates.
Wen next rebalancing?
It's a little over a month since our last rebalancing & restructuring, we remain satisfied with our portfolio makeup and weighting. As we continue to constantly assess market moves and developments, we'll perform the next rebalancing when the data supports it.
Top performers:
Since the previous rebalancing, $AAVE is strongly leading the pack with over 60% gains, this resulted in the asset becoming our biggest portfolio asset, surpassing $XRP.
Second best performer is $HBAR, up over 27%, then we have $COMP in 3rd place with over 10% gains.
Our portfolio is less than a year old and in that short time, we've outperformed $BTC, $ETH, and the top 10 most copied strategies here on @ICONOMI 🚀 🚀
Dear Freedom fighters,
It is finally time for a new set-up. Today we will be scaling into $COMP. The trend seems strong and 78-96 range happens to be a magnet.
Lesson: What goes up must come down!
Lots of people are going to win big this year in crypto.... even more are going to loose
If we look as $COMP back last year it had a huge pump and then in 3 weeks lost 80% of its value and this wasn't even a small cap coin
We are looking for sustained growth, not quick and dangerous gains, anyone who has traded crypto for a long enough period understands this does not work
Join Flow Capital for a prosperous 2022
Actively managed by an experienced trader
Transparent and low fees
$BTC in an epic fight to hold the 40k level.
$ETH tries to hold 3k.
Still a healthy correction.
$ATOM is taking some breath after his stellar outperformance.
$LINK is building strenghth. It finally broke out in $BTC ,$ETH and usd value. Could be a great year for $LINK
Defi is showing signs of life after a long downtrend. I watch the charts of $AAVE , $UNI, $COMP and $SUSHI . If an uptrend is confirmed, I will add some defi to the mix.
