The Compound (COMP) token has seen a 5% price increase in the last 24 hours
The compound token is currently trading at $315, and the token has entered a consolidation zone where whales are trying to push the price above the $400 region. The COMP Coin could very well record another 5-10% gains if the bulls maintain interest. The token has the potential to recover further if the volume can be sustained in the future.
How and where to buy Compound in Germany and elsewhere
To buy cryptocurrencies, you need to register a new trading account with an exchange/broker. There are so many platforms out there today that new users can easily get confused as most sites offer similar features. We have shortlisted two of the best platforms where you can trade with ease. Avoid trading on decentralized exchanges as they are not regulated.
To register a new account, select a suitable platform and click the “Sign Up” or “Join Now” button. Then create a new user profile by providing your full name and email address. You will also be asked to go through an account verification process known as KYC (Know Your Customer) regulation. You can submit standard documents such as a driver’s license and utility bill to comply with KYC rules. After that, you can simply deposit money and start trading.
What is Compound?
Compound is a decentralized financial protocol (DeFi) that simplifies lending and borrowing. The native token is called COMP and is used for governance purposes within the network. Since its inception, Compound has become one of the major players in the DeFi sector.
Should I buy COMP today?
The Compound token is currently in a bull market and could continue to rise in the future after a strong consolidation. The token could bring huge profits to its early users if the COMP token continues to rise in the future.
The token serves an important use case in the DeFi industry and is attracting a lot of interest from investors.
This article is for informational purposes only – none of the content should be construed as financial or investment advice.