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Compound (COMP) Climbs More Than 21% And May Continue to Rise

Published 16/07/2023, 09:10
© Reuters. Compound (COMP) Climbs More Than 21% And May Continue to Rise
ETH/USD
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  • COMP’s price rose more than 21% over the past 24 hours to trade at $79.46 at press time.

  • The positive daily performance boosted COMP’s weekly performance to +52.20%.

  • Technical indicators suggested that COMP may challenge the next resistance at $88.90 in the coming 48 hours.

Over the past day of trading, Compound (COMP), earned itself a spot on CoinMarketCap’s trading list after its price rose by more than 21%. As a result, the crypto was worth $79.46 at press time.

The positive daily performance ended up pushing COMP’s weekly performance further into the green to +52.20%. In addition to this, COMP’s monthly performance was also turning heads as the altcoin’s price was able to climb by 192.92% over the past 30 days.

Not only did COMP outperform the Dollar, it was also able to gain against the 2 market leaders Bitcoin (BTC) and Ethereum (ETH) over the past 24 hours. At press time, COMP was up 24.08% against BTC and 24.11% against ETH.

COMP’s market cap of $619,387,547 meant that it was ranked as the 67th largest crypto in terms of market capitalization. This placed it right behind Pepe (PEPE) in the 66th position and in front of eCash (XEC) …

The post Compound (COMP) Climbs More Than 21% And May Continue to Rise appeared first on Coin Edition.

The post Compound (COMP) Climbs More Than 21% And May Continue to Rise appeared first on Coin Edition.

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