Does Compound Coin is worth investing......? - page 2.

stadus

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Quote from: hamaravijay on June 19, 2020, 11:08:51 AM

I have seen THe compound coin have rising huge https://www.coinmarketcap.com/currencies/compound/
Why this coin has huge rise even though it doesn't have maximum coins.

No, you are wrong, It has a maximum supply, you can check on https://www.coinmarketcap.com/currencies/compound/markets

Inkdull

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DeFi projects are the future, it will be a wise move to hold one or two Defi projects in your portfolio, the earlier the better before scammers start creating their own fake DeFi projects. The most profitable projects this year so far are DeFi projects, that's how demanding they are, Compound project have grow bigger, I don't like buying coins when they are surging though, probably wait it out, price drop can still happen

Leo

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Compound coin has pump beyond expectations but considering the circulating supply of the coin and the fact that its a DEFI project that has high demand currently I think there is still room for it to grow more, I won't be surprised if it reaches x2 - 3 of its current price

TopT3ns

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Quote from: rz20 on June 21, 2020, 12:24:17 AM

Holy!! the price pumped another 70 bucks as of writing the price is now sitting at $301 with this pump $COMP is now ranked #19 on coinmarketcap. Whoever invested in $COMP early made a killer profit.

but when the pump has occurred it will make people who are late investing regret. when it happens the pump will make people want to have it too and that is the wrong choice. Do not buy when a pump occurs if you do not want to feel cheated.

I think there are several ways to avoid regrets that might occur by buying when the price of a coin falls and after that you can hold it back until the price goes up because when the price goes up it is a very appropriate moment to sell it whereas if buying when the price is high will only keep you stuck at high prices.

rz20

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Holy!! the price pumped another 70 bucks as of writing the price is now sitting at $301 with this pump $COMP is now ranked #19 on coinmarketcap. Whoever invested in $COMP early made a killer profit.

Davian144

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Quote from: kawetsriyanto on June 19, 2020, 04:22:44 PM

I'm a little bit surprised when realizing the price of the coin. Actually, the Compound coin is new for me, I don;t concern on this coin. It is on the 24th rank of CMC with a high trading volume. It is wow to see its increase by around 38.43% and now it has reached $221.87 USD, almost reaching ETH price. Is this coin a real use case? If it is yes, this coin should have a worthier future for development and also holding.

Yes, Compound is indeed a new coin that has entered the CMC site, and I am also a bit surprised why the volume has increased so sharply, even though Compound coins are only listed on a number of medium and non-top exchanges, and for now the price has also begun to decline a little, which is in the range of $ 208.37 USD (-4.53%) at CMC.

enhu

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Okay so it's not been dumped yet aren't we disappointed already that we missed this coin?

Its one of the lending platforms out the defi, it got a lot of support in the community actually which resulted in lots of minted DAI for lending. Most users including me didn't realize how the DEFI developments go until I look at the Jarvis token I got last year. And I was only interested to Bitcoin like the maximalist here that is why I missed the development in Defi platforms.

Slash61

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Quote from: bussybuddy on June 20, 2020, 07:04:40 AM

I also see that the liquidity of this project is too low. If only 1,000-2000 coins were sold, I think its price would drop to $ 100-150. Be careful when investing in projects like this, it's too dangerous to be able to invest in it

even a decline can be worse. Current market conditions only believe in top market assets is the best choice. investing in shitcoin will waste our money and it will be useless.

bussybuddy

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Quote from: Lagduf on June 19, 2020, 08:03:53 PM

Quote from: hamaravijay on June 19, 2020, 11:08:51 AM

Hi

I have seen THe compound coin have rising huge https://www.coinmarketcap.com/currencies/compound/

Why this coin has huge rise even though it doesn't have maximum coins.

What actually compound coin increasing why........?

that's a crap coin without liquidity and when you are investing in it and I guess someone will dump your money and you will be trapped on that shitcoin. A huge gap between sell and buy orders have made a coin can get a huge increase instantly.

I also see that the liquidity of this project is too low. If only 1,000-2000 coins were sold, I think its price would drop to $ 100-150. Be careful when investing in projects like this, it's too dangerous to be able to invest in it

kensaii

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Quote from: luckyflop on June 19, 2020, 12:27:24 PM

Quote from: Furryball on June 19, 2020, 11:27:05 AM

I was shocked to see this COMPOUND token surge over 200$ today, i think it's too late investing right now until dump takes over, buying right now will be suicide, I will wait for dump and take advantage, I'm positive about DeFi projects

I was also quite surprised with this project, this is a new project but it quickly went into the top 24 coinmarketcap. Obviously this is a big project this year, Btw I don't know what its initial price. Looking at coinmarketcap I see they have increased 112% compared to the original price

That's really insane to see a new project come in the top 25 coinmarketcap just like that. Though I think people will realize the hype and the price will going down and stabilize but still, that will be a great boost to any defi projects on the market now.

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Quote from: Lagduf on June 19, 2020, 08:03:53 PM

Quote from: hamaravijay on June 19, 2020, 11:08:51 AM

Hi

I have seen THe compound coin have rising huge https://www.coinmarketcap.com/currencies/compound/

Why this coin has huge rise even though it doesn't have maximum coins.

What actually compound coin increasing why........?

that's a crap coin without liquidity and when you are investing in it and I guess someone will dump your money and you will be trapped on that shitcoin. A huge gap between sell and buy orders have made a coin can get a huge increase instantly.

well, I also think like that, indeed you should be more careful when you want to buy a coin, you should be able to see what is developed in the project and see how the interaction between demand is at the exchange place.

alexforneus

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It was listed only few days ago. Looks like they ordered some sort of wash trading and thats why volume is so big

rz20

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I might turn out to wrong but COMP skyrocketed really really quick so we can expect a healthy correction in it.
Let's see what will happen once any big exchange decides to add COMP.

Lagduf

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Quote from: hamaravijay on June 19, 2020, 11:08:51 AM

Hi

I have seen THe compound coin have rising huge https://www.coinmarketcap.com/currencies/compound/

Why this coin has huge rise even though it doesn't have maximum coins.

What actually compound coin increasing why........?

that's a crap coin without liquidity and when you are investing in it and I guess someone will dump your money and you will be trapped on that shitcoin. A huge gap between sell and buy orders have made a coin can get a huge increase instantly.

posi

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Quote from: hamaravijay on June 19, 2020, 11:08:51 AM

Hi

I have seen THe compound coin have rising huge https://www.coinmarketcap.com/currencies/compound/

Why this coin has huge rise even though it doesn't have maximum coins.

Yes, i noticed the token price momentum but my advise to you is never invest crypto base on it existing trends which does not guarantee the crypto future and for better understand the project was listed on capital market 3days ago.

Quote from: hamaravijay on June 19, 2020, 11:08:51 AM

What actually compound coin increasing why........?

Because it certainly manipulation roles played by the project squads.

suzanne5223

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Quote from: hamaravijay on June 19, 2020, 11:08:51 AM

Hi
I have seen THe compound coin have rising huge https://www.coinmarketcap.com/currencies/compound/

It an asset offer DEFI, loan service and give their hold daily rewards base on their holding but they seems to manage the token price well by paying rewards with DAI,USDT, Augur etc.

Quote from: hamaravijay on June 19, 2020, 11:08:51 AM

Why this coin has huge rise even though it doesn't have maximum coins.
What actually compound coin increasing why........?

I don't know the reason why it rise previously despite the status of the market but coin like this shouldn't be invest in for long term to incase. Nevertheless, it has a max supply of 10,000,000 COMP.

HunterUnchained

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It has all the attributes of a huge project and that has been seen on how well it has performed in terms of price increment these past couple of days. However, at this point, it best to wait for price correction and pull back before buying in to avoid buying the top and watching it crash on you. It has already pumped to great heights and investing at this point may not be a good idea. Exercise some patience and buy in when it drops a bit.

kawetsriyanto

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I'm a little bit surprised when realizing the price of the coin. Actually, the Compound coin is new for me, I don;t concern on this coin. It is on the 24th rank of CMC with a high trading volume. It is wow to see its increase by around 38.43% and now it has reached $221.87 USD, almost reaching ETH price. Is this coin a real use case? If it is yes, this coin should have a worthier future for development and also holding.

Squezzi55

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COMPOUND DEFI Project is good enough but what's most important is the timing, this is not the right time to jump in, wait for price dump before buying, it will surely happen again since it's volatile, have patience and track price

Ifemini

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There are consequences for every action

There is nothing wrong in wanting to invest in compound coin, its a defi and working absolutely fine with a good price too.
But this is a wrong time to invest in compound coin because it has experienced a huge pump and also close to its ath.

Still, do your own research and make the decisions

Topic: Does Compound Coin is worth investing......? - page 2. (Read 582 times)