Price Compound (COMP)

51.213 EURO (0.51% )
The displayed price is informative and does not represent the trading price.

Rank 112

Market cap

354.55M EUR

Circulating Supply

6.86M COMP

Max Supply

10.00M COMP

Compound is a blockchain software that runs on Ethereum technology, which aims to develop a distributed trading network for cryptocurrencies. The Compound project is one of the many emerging projects in the field of decentralized finance (DeFi) and uses multiple digital assets to provide a range of services. For additional information about the origin and use of Compound, you can access the "About Compound cryptocurrency" page.

Compound cryptocurrency (COMP) - price fluctuations

As in the case of traditional investments, an overview must be formed that aims at possible losses or profits. At the same time, it should be noted that the demand for Compound is an increasingly significant factor, because the cryptocurrency is also traded outside the normal schedule of stock exchanges. With an overview of cryptocurrency, investors can trade calculatedly and take advantage of price fluctuations.

What determines the price fluctuations of the Compound (COMP) cryptocurrency?

Price fluctuations are influenced by a number of factors:

Supply and demand - Cryptocurrency Compound

Considering the traditional economic concepts, if the demand is high, the price of Compound will increase. Conversely, if the demands are reduced, the price of the cryptocurrency falls. Demand is influenced by a variety of factors, such as media attention, the global economy and financial regulations. The COMP cryptocurrency has a limited supply of 10 million units, a fact that places it next to digital goods like Bitcoin, which is a useful asset in combating inflation.

Popularity and media attention for the Compound cryptocurrency

The popularity of the cryptocurrency Compound (COMP) is a major factor influencing the price. Simple curiosity about cryptocurrencies leads to high investments, which affect the market price. At the same time, the price is influenced by announcements from state authorities and companies in the field. The phenomenon of FOMO (fear of missing out) can be created around these situations, which is represented by investors' fear of missing the moment of entering the market. To avoid the feeling of FOMO, investors should educate themselves about the real factors that determine the price of Compound.

The economy and the Compound ecosystem

The economic risks of the states are another aspect that can lead to an increase in the price of the Compound (COMP) cryptocurrency. Especially in countries with high inflation, people are turning their attention to new methods of protecting money, a fact that can influence the value of Compound.

Compound Price - Frequently Asked Questions (FAQ)

What blockchain does Compound cryptocurrency use?

Ethereum

How do I mine Compound cryptocurrency?

It is not mined

What is the highest Compound price in EUR?

The highest Compound price was recorded at EUR 703.

How can I buy Compound at the best price?

The fastest and most advantageous way to buy Compound is on the Tradesilvania.com platform at the live Compound price displayed in the Tradesilvania user account 24/7.

What is the price of Compound today?

The Compound price varies several times per second in the platform and the instant price is available in the user account. Daily purchase limit (COM Limit order type is 1,000,000 EUR / transaction).

Knowing the causes that influence the price of the cryptocurrency Compound (COMP) makes it easier to understand the fluctuations. If you have evaluated each factor and want to invest in Compound (COMP), create an account on Tradesilvania and trade in a fast and safe way.

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