Compound (COMP), a cryptocurrency pegged to the decentralised finance sector (DeFi), has experienced significant volatility over the last couple of years, with predictions for 2024 suggesting a potentially fertile investment. However, allegations of a supposed 'governance attack' on Compound DAO caused a downturn of 6.7%. The introduction of Zig Network (ZIG), on the other hand, has been hailed as a game changer for Compound and other networks like 1inch (1INCH).COMP's token saw an increase as a whale reportedly backed down on the alleged 'governance attack'. Despite concerns of a dysfunctional DAO, COMP price saw a mini-spike of about 6%. Despite these, a lawsuit emerged questioning whether the DAO’s VC backers were general partners liable for COMP token holders’ losses.
New York Residents were recently given access to COMP via Robinhood. Moreover, discussion on intellectual property and competition law referred to as two sides of the same coin has emerged in relation to COMP. COMP token even enjoyed 50% rise in four days amid whale activity on Binance.However, allegations of governance attack persist and the state of crypto market dominance remains volatile. Compound finance's approach to DeFi governance has been questioned. Meanwhile, COMP has also gained listings on Coinbase Pro and TradeStation Crypto, suggesting increased accessibility and investments. Yet, bearish dominance has also been noticed recently, causing a slump of 19% in COMP's price over a week.
Shiba Inu and
Dogecoin are facing competition from new cryptocurrencies. Expert opinion on the future of Compound, however, remains mixed with some predicting a price hike in 2024 and beyond, while others cautioning about a potential struggle.
COMP Coin News Analytics from Thu, 29 Mar 2018 16:39:53 GMT to Tue, 19 Nov 2024 12:46:02 GMT -
Rating 1
- Innovation 2
- Information 8
- Rumor -6
