🪙 COMP/USDT Update – June 2025:
Compound (COMP) is the governance token of the Compound DeFi protocol, allowing holders to vote on protocol upgrades and parameters. It plays a key role in decentralized lending and borrowing on Ethereum.
📊 Current Market Data:
- Price: ~$53.24
- 24h Volume: ~$35 million
- Market Cap: ~$480 million
- Circulating Supply: ~9.09 million COMP
- ATH: $915 (May 2021)
- 2023 Low: ~$24.70
🔎 Short-Term Outlook:
- Price expected to range between $49 – $52 in the next few days.
- June target: ~$51.8
- Potential upside in July if DeFi sentiment improves.
📈 Summary:
- COMP is in a consolidation phase with light bullish momentum.
- Key token in the DeFi ecosystem, but subject to volatility and market sentiment.
- Good potential if DeFi regains investor interest in coming months.