×
×
Criptovalute:  7,186Mercati:  30,048Cap. del mercato:  $345,979,374,193Vol 24h:  $108,922,776,860Dominanza BTC:  57.6%
Cap. del mercato:  $345,979,374,193Vol 24h:  $108,922,776,860Dominanza BTC:  57.6%Criptovalute:  7,186Mercati:  30,048

Ethereum DeFi’s Poster Child Compound Surges 15%: What’s Next For COMP?

Condividi

Ethereum DeFi’s Poster Child Compound Surges 15%: What’s Next For COMP?

NewsBTC1 month ago
Published on August 08, 2020 07:00 GMT+0edited on August 08, 2020 07:14 GMT+0

Condividi

Bitcoin and Ethereum are pulling back, but Compound (COMP) is surging higher. The native governance token of the flagship of the decentralized finance space, COMP has gained 15% in the past 24 hours as per Coin Market Cap.

This comes after the altcoin was embroiled in a multi-week bear market after an initial surge in June. Many attribute the ongoing bull market to the launch of Compound, which spurred interest in DeFi, then Ethereum, then Bitcoin.

With bulls seemingly back in control of COMP, traders are wondering what comes next for the Ethereum-based asset.

Related Reading: Crypto Tidbits: Bitcoin Explodes Past $11k, Ethereum 2.0 Nears, Cardano’s Shelley Launches

Ethereum-Based Compound Token Surges 15%

Compound is pushing higher after plunging lower after its initial spike in June. …