Compound Finance (COMP) hits $310 in just 3 days . Why?

Compound Finance (COMP) hits $310 in just 3 days . Why?

By Kavi | Kavya | 21 Jun 2020


274f35e917fcdb3f5ee8f18cf4151cbdd6715ff58e726a4dc80e1250a35ed73c.jpeg

 

953a80dd6049a951bfdfeb4aec09319c2c3a1980238cd1360618b0d8c2893a94.png


The emerging nature of Decentralised Finance ,achieving everyday new highness and in this race compound finance looks more bullish .A smart contract DeFi on ethereum blockchain , Compound Finance has 10 million total coin supply and the reason to see massive jump in price because it has very lucrative offer for their investors , lenders and borrowers .if we go to https://compound.finance/governance/comp  their website then we find lot latest and something different earning opportunity through different proposal of investment . 

High interest rates for lending or quick switching from USDC TO USDT  or USD to DAI  makes the platform more fast in the DefI market and upto 12% APY  attracts the investors to hold their coin through lending But how this coin will impact your investment since the price is already surged to 300 % from last 3 days . Let's see in this video .

 

video credit: cryptocurrency news.

 


Resources : https://compound.finance/governance/comp

https://www.coingecko.com/en/coins/compound/historical_data/usd#panel


Kavi
Kavi

Chief mentor of 'skill2up.in' and blogging is my passion.


Kavya
Kavya

Hello everyone i am kavya and i love to travel and writing essay, reports and blog.

Send a $0.01 microtip in crypto to the author, and earn yourself as you read!

20% to author / 80% to me.
We pay the tips from our rewards pool.