Topic: COMP and pump and dump? - page 2. (Read 280 times)
hero member
Activity: 2912
Merit: 541
Leading Crypto Sports Betting & Casino Platform
I admitted that I am late to join that party, but I think that token will go down because the coin is at a high price. We know that if the coin can touch the highest price, sooner or later, the price will go down, and sometimes, the price will drop significantly and hard to increase. I think I will wait for more, and if I can see the price is down deeper, maybe I will prepare my time to buy that project, or I will wait for more to find the right time to buy the token.
The hype around the COMP token was real, skyrocketing the prize to insane hights. Now the hype seems to flatten out and the chart shows a 50% decrease of the ATH at this point. Certainly, it´s still high compared to its initial price. What do you guys think? Here an article with a summary: https://cryptoslate.com/defis-compound-comp-has-crashed-50-in-two-weeks-and-it-may-drop-further/ Is i really poised to collapse?
be careful when Fomo comes in it will become a bubble, learn with the rise of Bitcoin during 2017, now the Defi project is becoming a Fomo, so Comp is also affected
Its kinda too late for me to invest in this project because the price is way too high, the use case is interesting but better than BNB token in value? I think this project is based on huge hype, I will only invest when huge dump happens
The hype around the COMP token was real, skyrocketing the prize to insane hights. Now the hype seems to flatten out and the chart shows a 50% decrease of the ATH at this point. Certainly, it´s still high compared to its initial price. What do you guys think? Here an article with a summary: https://cryptoslate.com/defis-compound-comp-has-crashed-50-in-two-weeks-and-it-may-drop-further/ Is i really poised to collapse?
It really pump too quickly i guess, if it had moved along creating support, resistance and accumulation levels then surely it would have been considered real organic growth but yes due to extreme hype and fomo it just gone up like a straight line and such price increases have to face reversal or big corrections, although it is going down but i hopeit will find support in coming days and consolidate there as supply is low we can expect comp price to stay in decent range also depends on actual demand and use of their platform. 
Is i really poised to collapse?
Not long ago in 2020, history said that COMP had occupied the lowest price of around $ 61 USD. On June 18, 2020, now on July 6, 2020, it was still trading at $ 197 USD, and traded 53 exchanges throughout the world, with a total supply of 10,000,000 COMP.I see COMP, has a very good trading volume for now, for example: in one market Vol 24h: 220.3 COMP, because not only COMP coin has decreased, almost the average coin is still falling, various factors areinfluence it.
Conclusion: if the COMP coin, you believe, will go down, in my opinion not too conspicuous at least at the level: $ 140 USD, it's the lowest price this year, it won't touch to the level: $ 61.
If you observe again COMP has a price at the level of: $ 381 USD, this is a sign forward, COMP can pick up prices at the level: $ 381 more likely, if viewed from the market, volume and supply of COMP circulating in the market.
Now it's up to you to decide whether COMP is down or up, investment or not.
The hype around the COMP token was real, skyrocketing the prize to insane hights. Now the hype seems to flatten out and the chart shows a 50% decrease of the ATH at this point. Certainly, it´s still high compared to its initial price. What do you guys think? Here an article with a summary: https://cryptoslate.com/defis-compound-comp-has-crashed-50-in-two-weeks-and-it-may-drop-further/ Is i really poised to collapse?
Jump to: