COMP / Bitcoin
Long

DeFi - COMPOUND - UNDERVALUED COIN IN THE DEFI SPACE

193
Hello, after the initialcrazy hype around this protocol and its token, it has somehow been forgotten and the attention of traders shifted to the new, yet smaller, projects that came out ridng the DeFi fever.

However, it is still one of the best project of its kind out there, after Aave and Maker.

It allow users to earn interest or borrow assets against collateral. Anyone can supply assets to Compound’s liquidity pool and immediately begin earning continuously-compounding interest. They also get rewarded with comp tokens as they use the platform.

The price broke the downward trendline two days ago. The target is the previous high that also corresponds to the fibonacci extension of the last movement, for a potential 60%+ gain versus BTC!

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