This article was last updated on August 3, 2022
Compound is an upcoming project that allows users to access a liquidity pool and stake cryptocurrencies while also getting rewards. As such, many are looking to invest in its token – Compound (COMP). This is the reason why we want to share with you our Compound (COMP) price predictions for the years 2022-2030.
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Over the past week, the price of Compound (COMP) remained around $58. The circulation supply is 7.19 million. The market cap went up to $425 million.
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Compound (COMP) Price Prediction 2022-2030
Compound’s future price is difficult to predict as it is reliant on a number of factors, including the performance of the Compound network, global economic conditions, the stock market, and the price of other cryptocurrencies.
However, if Compound continues to grow as a network and application at its current rate, it is possible that the price evaluation for COMP could easily go back to its past prime and probably even surpass it.
Keep in mind that these are mainly speculations, although supported by facts and other somewhat solid factors. With that being said, let’s head on to the interesting part.
2022 – Compound (COMP) Price Prediction
Some of the financial industry’s top names have lent their weight to Compound’s price proCompound. The number of collaborations and events with the cryptocurrency sector demonstrates that many people are confident in cryptocurrencies in general.
According to that and to Compound’s performance over the past year, it may achieve a tremendous boost by this year’s end and go over the price point of $100.
More precisely, we expect the price of COMP to move between $99.52 and $102.94.
Many analysts have made Compound price predictions for 2023, and the general consensus is that the price of Compound will continue to rise. This is based on a number of factors, including the increasing use of Compound blockchain, the growing popularity of crypto, and the overall positive outlook for the global economy.
While it is impossible to say exactly what the price of Compound will be in 2023, most experts agree that it has the potential to reach new heights. More realistically, we can expect the price of Compound to reach $108.91-$112.35 by the end of 2023.
If the growth of Compound continues, we can easily see it getting massive adoption. Our price prediction for 2024 is as conservative as possible in order to not misguide you.
We believe that by the end of 2024, the price of Compound will reach at least $119.91. If we let ourselves be a bit more speculative, we’d raise it to $136.59.
2025 – Compound (COMP) Price Prediction
According to many Compound enthusiasts and their price predictions, COMP prices may rise dramatically in the trading range between $151.21 and $162.51.
However, the most realistic expectation is for a midpoint of these price levels. With widespread adoption, COMP price prediction as a cheap and convenient digital asset might become a reality.
For this scenario, we must also consider that the Compound network can significantly expand and develop. In that case, prices may even go as high as $176.65, but that is quite ambitious.
Keeping our conservative approach, we won’t try to make ridiculous price predictions for Compound. Although many believe that by 2026 the price of COMP will be at least $189.59, we’d give a different value.
2026 is actually not too far away, but in terms of crypto, it is. We believe that Compound will be evaluated at anywhere between $186.93 and $193.05.
As the years go by and Compound continues its expansion and proves its utility, we can easily see it growing in the evaluation as well.
By that, we mean that COMP will be evaluated at around $198.09 – $201.59. We think the lower spectrum of our price prediction will be more accurate than the higher. Yet, as we all know, the crypto market is quite unpredictable, so we will have to wait and see.
In 2028, if Compound comes out with new projects and experiences further adoption, we can see it potentially reaching a price of $210 – $228.
Hopefully, the project will continue to develop and attract even more crypto users; otherwise, it is possible that it will lose most of its value by 2028.
For the last year of the decade, we believe that cryptocurrencies will have settled in for the most part. By that, we mean that tokens will be nothing out of the ordinary anymore. Not only crypto but all sorts of crypto projects too – NFTs, dApps, etc.
As such, we think Compound will be moving from around $235 to $248 easily, although we can also see it reaching the $250 mark.
2030 – Compound (COMP) Price Prediction
Crypto price predictions are always difficult, as the cryptocurrency market is highly volatile. Even more so when we are talking about 8 years into the future.
Some experts have forecast that Compound’s price could reach up to $262 by 2030. This would be a significant increase from its current price of around $48.81 However, it is important to remember that Compound is growing, and so is its adoption rate, utility, and potential.
Compound (COMP) Price Prediction – Table
|COMP Price Prediction||Minimum Price||Average Price||Maximum Price|
|2022 Price Prediction||$99.52||$100.88||$102.94|
|2023 Price Prediction||$108.91||$111.01||$112.35|
|2024 Price Prediction||$119.91||$129.85||$136.59|
|2025 Price Prediction||$151.21||$159.11||$162.21|
|2026 Price Prediction||$186.93||$192.51||$193.95|
|2027 Price Prediction||$198.09||$199.95||$201.59|
|2028 Price Prediction||$210||$219||$228|
|2029 Price Prediction||$235||$241||$248|
|2030 Price Prediction||$251||$259||$262|
Taking all of the above into consideration, it would appear that COMP is a very promising investment. The price predictions for COMP are exceptionally positive, and the token does have a lot of potential.
Of course, as with any investment, there is no guarantee that COMP will reach the predicted price points. However, if you are looking to invest in cryptocurrency, COMP is definitely worth considering.
We will keep an eye on the development of the Compound and how it performs. Its potential, in tandem with our price predictions, makes us keen to see what lies in the future for Compound.
ALSO READ: “Aurora (AURORA) Price Prediction”
The chances of Compound (COMP) reaching $1000 are slim. If that happens, it will probably be the next decade.
Yes, since Compound (COMP) is a project that just started getting popular and has utility, it definitely has a bright future ahead of it.