Compound's COMP coin has experienced volatile shifts from being down 6.7% after an alleged 'Governance Attack' on the Compound DAO to jumping 50% in four days amid various whale activities on Binance. This turbulence followed by significant growth has prompted various price analyses and predictions for the price of COMP by 2023, 2024, and 2030. Amid these uncertain times, the coin was added to
Robinhood's offerings for
New York traders. Additionally, a $19M token transfer was witnessed involving COMP on
FTX's cold storage.
Tension around Compound rose following allegations of a 'governance attack', with the 'Golden Boys' behind it agreeing to rescind the proposal. However, that wasn't the end of the governance woes as the company faced another from Community Whales. While this may seem like a bad impression for COMP, its performance in the DeFi sector has been remarkable.
Still, risks and concerns prevail. There have been speculations whether the
Compound's COMP token could be deemed security. The addition of COMP to the Crypto offerings of
Robinhood and
TradeStation signals its prevailing relevance in the Crypto Market. Nonetheless, there remains a mixed outlook on COMP, where it has been alleged a security while being a top performer in the DeFi sector.
COMP Coin News Analytics from Fri, 19 Jun 2020 07:00:00 GMT to Sat, 21 Sep 2024 11:22:00 GMT -
Rating 2
- Innovation -1
- Information 4
- Rumor 7
