Is $COMP about to explode? It is being invested in by well-known institutions ai16z and Coinbase in a centralized lending platform.
The open-source protocol Compound in the DeFi field combines smart contracts and blockchain technology to create a decentralized lending platform that provides financial services without the need for trusted third parties.
The decentralized lending model eliminates the role of intermediaries in traditional financial institutions, offering greater transparency and openness;
From a weekly perspective, COMP has been accumulating at the bottom for four months, and recently the market has surged sharply, but COMP has not followed suit. This is also one of the tokens that Han Jie has identified recently that has yet to start.
On one hand, the old tokens are accumulating slowly, and there are many trapped positions above, which all require time to consolidate. However, looking at the weekly chart, there are already significant signs of bottoming out.
Therefore, we can lightly enter the spot market and lay low; Neibu has already entered the market earlier to lay low.
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