Ethereum

Compound

Bitcoin

Coin

<ul class="news-points"> 
 <li>COMP’s price rose by more than 3% over the past day despite the cryptocurrency market going through a bearish slump.</li> 
 <li>Many believe COMP was benefiting from Curve Finance’s recent troubles.</li> 
 <li>A daily close above $74.66 may clear a path for COMP to rise to $85.19 in the coming week.</li> 
</ul> 
<a href="https://coinedition.com/tag/compound-comp/" rel="noopener noreferrer nofollow">Compound (COMP)</a>, a decentralized finance (DeFi) lending platform, experienced bullish momentum today, surging by 3.69% to $74.66, according to CoinMarketCap. This happened despite the fact that the digital currency ecosystem is going through an emphatic bearish slump, leading to major losses for some of the most popular cryptocurrencies. 
COMP’s 24-hour success enabled the altcoin to gain strength against the two market leaders, <a href="https://coinedition.com/ethereum-vs-bitcoin-use-cases-technical-differences-scaling-issues/" rel="noopener noreferrer nofollow">Bitcoin (BTC) and Ethereum (ETH)</a>. At press time, COMP was up 3.13% and 3.75% against BTC and ETH, respectively. Furthermore, the cryptocurrency’s trading volume during this period surged by over 200%, reaching $169,596,804 as a result. 
The significant rise in the cryptocurrency’s price has brought short-term gains and propelled its weekly performance further into the green zone to an impressive +11.33%. COMP’s latest feat has piqued the DeFi community… 
The post <a rel="noopener noreferrer nofollow" href="https://coinedition.com/compound-comp-defies-bearish-trends-with-a-3-price-ascent/">Compound (COMP) Defies Bearish Trends With a 3+% Price Ascent</a> appeared first on <a rel="noopener noreferrer nofollow" href="https://coinedition.com">Coin Edition</a>.

Compound (COMP) Defies Bearish Trends With a 3+% Price Ascent

Coin Edition

Other articles published on Jul 31, 2023

How does the False Top-up attack break through the defense of the exchange?

ADA, SOL, DOT, LUNC & DOGE: Technical Analysis for August

Binance Alert From Nigeria! "Stop Now"

Top 5 Cybersecurity Stocks to Deal Great Returns in 2023

Shido X Base - New integration!

Ripple (XRP) Price Experiencing Major Volatility! Here is the Reason

Join our free newsletter for daily crypto updates!