Lorenzo Stroe
Independent Analyst
- COMP/USD only started trading two days ago but it’s already ranked 25th by market capitalization.
- The total value locked on Compound is $399 million at the time of writing blasting through the previous ATH at $183 million.
Compound allows users to earn interest and borrow assets against collateral. The platform has existed since late-2018 but its token only started trading a few days ago. COMP is up by more than 200% in the last two days and it’s already ranked 25th with a $493 market capitalization. COMP is rapidly getting listed on major exchanges, Coinbase Pro just announced it will list COMP next.
COMP/USD 30-minute chart
Obviously, because of the momentum of the move up, the pullback has been notable, dropping from $243 to $182 in a matter of hours. For now, COMP is holding the 26-EMA at $184 and it’s looking to set a lower high or directly a higher high if there is enough buying strength left.
The trading volume has been increasing over the past few hours and will most likely continue increasing considering all the new exchanges that will list COMP in the near future.
Note: All information on this page is subject to change. The use of this website constitutes acceptance of our user agreement. Please read our privacy policy and legal disclaimer. Opinions expressed at FXstreet.com are those of the individual authors and do not necessarily represent the opinion of FXstreet.com or its management. Risk Disclosure: Trading foreign exchange on margin carries a high level of risk, and may not be suitable for all investors. The high degree of leverage can work against you as well as for you. Before deciding to invest in foreign exchange you should carefully consider your investment objectives, level of experience, and risk appetite. The possibility exists that you could sustain a loss of some or all of your initial investment and therefore you should not invest money that you cannot afford to lose. You should be aware of all the risks associated with foreign exchange trading, and seek advice from an independent financial advisor if you have any doubts.
Recommended Content
Editors’ Picks
Ethereum Price Forecast: ETH ETFs total net assets plummet over 60%; Justin Sun says he won't sell ETH
Ethereum traded just below $1,600 on Thursday following a 60% plunge in the total net assets of US spot Ether ETFs.
Binance Coin price nears $600 breakout as CZ reacts to BNB listing on Kraken
Binance Coin price posted considerable gains on Thursday, fuelled by investor optimism tied to its upcoming listing on the U.S.-based crypto exchange Kraken.
Binance CEO affirms company's involvement in advising countries on Bitcoin Reserve
Binance CEO Richard Teng shared in a report on Thursday that the cryptocurrency exchange has advised different governments on crypto regulations and the need to create a strategic Bitcoin reserve.
Slovenia moves to impose 25% tax on crypto traders
Slovenia has become the latest European Union member state to crack down on untaxed crypto gains, unveiling a proposal to impose a 25% tax on personal profits from digital asset disposals starting in 2026.
Bitcoin Weekly Forecast: Market uncertainty lingers, Trump’s 90-day tariff pause sparks modest recovery
Bitcoin (BTC) price extends recovery to around $82,500 on Friday after dumping to a new year-to-date low of $74,508 to start the week. Market uncertainty remains high, leading to a massive shakeout, with total liquidations hitting $2.18 billion across crypto markets.
The Best brokers to trade EUR/USD
SPONSORED Discover the top brokers for trading EUR/USD in 2025. Our list features brokers with competitive spreads, fast execution, and powerful platforms. Whether you're a beginner or an expert, find the right partner to navigate the dynamic Forex market.