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Market Cap$ 2.96T-0.77%
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DominanceBTC57.63%+0.15%ETH11.52%+0.79%
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Compound (COMP) Defies Bearish Trends With a 3+% Price Ascent


by CoinEdition

Share:

  • COMP’s price rose by more than 3% over the past day despite the cryptocurrency market going through a bearish slump.
  • Many believe COMP was benefiting from Curve Finance’s recent troubles.
  • A daily close above $74.66 may clear a path for COMP to rise to $85.19 in the coming week.

Compound (COMP), a decentralized finance (DeFi) lending platform, experienced bullish momentum today, surging by 3.69% to $74.66, according to CoinMarketCap. This happened despite the fact that the digital currency ecosystem is going through an emphatic bearish slump, leading to major losses for some of the most popular cryptocurrencies.

COMP’s 24-hour success enabled the altcoin to gain strength against the two market leaders, Bitcoin (BTC) and Ethereum (ETH). At press time, COMP was up 3.13% and 3.75% against BTC and ETH, respectively. Furthermore, the cryptocurrency’s trading volume during this period surged by over 200%, reaching $169,596,804 as a result.

The significant rise in the cryptocurrency’s price has brought short-term gains and propelled its weekly performance further into the green zone to an impressive +11.33%. COMP’s latest feat has piqued the DeFi community…

The post Compound (COMP) Defies Bearish Trends With a 3+% Price Ascent appeared first on Coin Edition.

Read the article at CoinEdition

In This News

Coins

$ 85.41K

-0.77%

$ 2.83K

-0.10%

$ 24.54

-5.31%

$ 0.000161


Share:

In This News

Coins

$ 85.41K

-0.77%

$ 2.83K

-0.10%

$ 24.54

-5.31%

$ 0.000161


Share:

Read More

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Compound (COMP) Defies Bearish Trends With a 3+% Price Ascent


by CoinEdition

Share:

  • COMP’s price rose by more than 3% over the past day despite the cryptocurrency market going through a bearish slump.
  • Many believe COMP was benefiting from Curve Finance’s recent troubles.
  • A daily close above $74.66 may clear a path for COMP to rise to $85.19 in the coming week.

Compound (COMP), a decentralized finance (DeFi) lending platform, experienced bullish momentum today, surging by 3.69% to $74.66, according to CoinMarketCap. This happened despite the fact that the digital currency ecosystem is going through an emphatic bearish slump, leading to major losses for some of the most popular cryptocurrencies.

COMP’s 24-hour success enabled the altcoin to gain strength against the two market leaders, Bitcoin (BTC) and Ethereum (ETH). At press time, COMP was up 3.13% and 3.75% against BTC and ETH, respectively. Furthermore, the cryptocurrency’s trading volume during this period surged by over 200%, reaching $169,596,804 as a result.

The significant rise in the cryptocurrency’s price has brought short-term gains and propelled its weekly performance further into the green zone to an impressive +11.33%. COMP’s latest feat has piqued the DeFi community…

The post Compound (COMP) Defies Bearish Trends With a 3+% Price Ascent appeared first on Coin Edition.

Read the article at CoinEdition

In This News

Coins

$ 85.41K

-0.77%

$ 2.83K

-0.10%

$ 24.54

-5.31%

$ 0.000161


Share:

In This News

Coins

$ 85.41K

-0.77%

$ 2.83K

-0.10%

$ 24.54

-5.31%

$ 0.000161


Share:

Read More

XRP Price to Hit $1 or $3 Next? Here’s What Analysts Expect

XRP Price to Hit $1 or $3 Next? Here’s What Analysts Expect

Key Insights: When XRP dropped below the important $2 support level, many wondered wh...
Anthropic’s Claude AI Predicts the Price of XRP, SOL and Ethereum By the End of 2025

Anthropic’s Claude AI Predicts the Price of XRP, SOL and Ethereum By the End of 2025

Anthropic’s latest update to Claude AI, its rival to ChatGPT, has delivered fresh cry...