COMPOUND COMP price ready for x2 growth?
Today, we liked the Compusdt trading pair on global 3 days chart.
It has not been analyzed for a long time, but now I liked that the Compusd price is moving in its own way, despite the maneuvers of the BTCusdt price.
In general, Compound Protocol is in the top 10 in terms of volumes of blocked resources (TVL) in DeFi protocols
Perhaps the individual behavior of the Compound price is somehow affected by this news: "DeFi project Compound has launched a lending service for institutional investors"
Or maybe something more interesting is being prepared in the project, which we will find out after the COMP price shoots up)
Summing up: while the COMP price is above $55, there is a good chance for x2 growth to the $100 area, where there is a strong liquidity zone.
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It has not been analyzed for a long time, but now I liked that the Compusd price is moving in its own way, despite the maneuvers of the BTCusdt price.
In general, Compound Protocol is in the top 10 in terms of volumes of blocked resources (TVL) in DeFi protocols
Perhaps the individual behavior of the Compound price is somehow affected by this news: "DeFi project Compound has launched a lending service for institutional investors"
Or maybe something more interesting is being prepared in the project, which we will find out after the COMP price shoots up)
Summing up: while the COMP price is above $55, there is a good chance for x2 growth to the $100 area, where there is a strong liquidity zone.
_____________________
Did you like our analysis? Leave a comment, like, and follow to get more
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