Compound Price Predictions: How Much Will COMP be Worth in 2021 and Beyond?

Discover what top analysts believe will happen to the price of Compound in 2021-2030

Last Updated October 6th 2021
18 Min Read

Will Compound COMP go up or crash? Read our Compound Price Prediction 2021–2030 to find out.

On the hunt for Compound predictions? Or have you been struggling to answer the question ‘is Compound a good investment?’ Read on. Uncover the top COMP price prediction forecasts for 2021 and beyond and see for yourself how much Compound could be worth. 

According to recent long-term forecasts, the price of Compound could hit $680 by the end of 2021, $1,200 by the end of 2022 and $4,000 by the end of 2025. Compound (COMP) will rise to $5,600 in 2027 and up to $16,000 in 2030.

At the time of writing, Compound (COMP) has a price of $300 and a market cap of $1.6B. Currently the world’s 69th largest cryptocurrency, it snuck into the top 50 after overtaking Dash (DASH) during the latest bull run. But is this altcoin on the up, or heading for a bearish downturn?

After Elon Musk made comments about the environmental impact of Bitcoin, the market as a whole lost hundreds of thousands of dollars in value and COMP was no exception. Before Musk’s announcement that Tesla would no longer accept BTC payments for its cars, the asset had reached an all-time high (ATH) of $911.20. Its current price is slightly higher than half this number and after recovering from the bulk of the losses, Compound is now at levels similar to pre-market bull run, which could be a very good sign.

If you’re wondering ‘is Compound a good investment?’ You’re in the right place. In this article, we’ll be sharing some of the top COMP price predictions for 2021-2025. We’ll also explain what Compound is, how it works, and how its price has changed since its launch in 2020.

If you want to buy Compound COMP quickly and easily, with 0% Commission, check out eToro Exchange!

Contents:

What is Compound (COMP) and How Does it Work?

Compound first came to the market in June 2020. Described as a decentralized financial lending protocol, Compound was originally built on the Ethereum network, making it an ERC-20 token. Some investors have gone as far as to say that Compound kickstarted the current preoccupation with DeFi (decentralized finance) protocols, partly because it was the first crypto to introduce the practice of yield farming.

Yield farming is the term used to describe the lending or staking of crypto assets. The aim of this is usually to gain rewards, for example, high returns of additional cryptocurrency tokens. It’s sometimes also known as liquidity mining.

Compound was created to allow users to borrow and lend cryptocurrency, without having to go through an intermediary. When a lender decides to lend their crypto to a borrower, by adding their assets to a joint liquidity pool, they receive interest in the form of new COMP tokens. (Liquidity pools use a series of smart contracts to match borrowers with an available loan). To borrow money, a borrower must stake a certain amount as collateral.

So far, the Compound platform supports the lending and borrowing of the following cryptocurrencies:

  • Ethereum (ETH)
  • Basic Attention Token (BAT)
  • Sai (Legacy DAI)
  • Tether (USDT)
  • Augur (REP)
  • USD Coin (USDC)
  • Wrapped Bitcoin (WBTC)
  • 0x (ZRX)
  • Dai (DAI)

The COMP token is the platform’s native cryptocurrency. You cannot mine the token — you must receive it from the Compound development team, which distributes 2,880 COMP tokens amongst the total pool of protocol users every day.

COMP also functions as a governance token. Users with more than 100,000 COMP can propose changes to the protocol, while any user can vote on potential changes. The total number of COMP tokens has been capped at 10,000,000.

Is Compound (COMP) a good investment? This previously obscure crypto is creeping up the rankings — so, what’s next for the ERC-20 protocol? Read on to discover some of the top predictions for the price of COMP in 2021-2025. 

Invest in compound

Short-term Compound (COMP) Price Predictions

Compound price prediction for 2021

What are crypto experts forecasting for Compound COMP in 2021?

The first half of 2021 proved incredibly volatile. After around six months of bullish growth between late November 2020 and April 2021, the market plummeted in response to Elon Musk’s comments. These fluctuations make it difficult to predict what the rest of 2021 has in store — but the forecasts below are the best place to start if you’re wondering whether to add COMP to your portfolio.

According to WalletInvestor, the outlook for Compound is bright. Its predictions suggest that the price of COMP could hit a potential maximum price of $680.831 by the end of December 2021.

Although its minimum and average price predictions don’t match the token’s previous record ($369.092 and $527.462 respectively), they still show significant improvement on COMP’s current value of $300.

Compound prediction chart

In contrast to the extreme levels of volatility we have seen recently, WalletInvestor expects the next year to be incredibly linear. As we can see from the graph above, the platform believes that the price of Compound will follow a steady growth rate indefinitely.

The Economy Forecast Agency isn’t as optimistic. The investment analysis platform believes that the price of Compound will remain pretty stagnant for the rest of 2021, however, it will end the year at a handsome price of $586. While it may not be reaching the highs of May, it is higher than its current price.

Short-Term Compound (COMP) Price Predictions For 2021:

Month Open Low-High Close Mo,% Total,%
Oct 2021 $448 $404-$505 $434 -3.1% -1.8%
Nov 2021 $434 $434-$505 $472 8.8% 6.8%
Dec 2021 $472 $472-$586 $548 16.1% 24.0%

 

According to the platform’s analysis, Compound’s lowest price — which could be $404 — is likely to occur in October, but it is also worth mentioning that in the same month, COMP could also hit $505, which is $200 more than it currently trades.

The good news is that Cryptocurrency Price Prediction has higher expectations than The Economy Forecast Agency. Its analysis suggests that COMP could set a new ATH by December 2021 of $926, roughly $15 over its current ATH. Cryptocurrency Price Prediction is pretty positive that Compound will continue to climb each month before the end of the year with no resistance. 

Compound Price Prediction In 2021:

Month & Year

 Price Prediction

October 2021

$648

November 2021

$833

December 2021

$926

 

For COMP to reach this new potential ATH, it would have to almost double in price over the last four months of the year, and it’s hard to say how possible this could be.

What Will Happen to the Price of Compound (COMP) in 2021?

The predictions suggest that the price of Compound could potentially increase before the end of 2021. There isn’t much consistency at all between these predictions, especially when it comes to volatility levels — The Economy Forecast Agency expects to see almost no volatility at all, whereas WalletInvestor expects wider variations between the potential highs and lows. Cryptocurrency Price Prediction is the only platform that believes Compound will attempt to beat its current ATH before the year is done.

Will the Price of Compound (COMP) Go Up in 2021?

The price of Compound (COMP) may go up in 2021. All three price forecasters WalletInvestor, The Economy Forecast Agency and Cryptocurrency Price Prediction believe the asset will increase in price. Based on their predictions, Compound will likely be trading somewhere between $404 at the lowest and $926 at the highest, with prices between $400 and $600 more likely.

Additiona Compound price predictions include:

  • DigitalCoin: $787.04
  • Coin Price Forecast: $496
  • Coinskid: $746.40
  • Cryptoground: $415.794
  • Price Prediction: $556.85
  • Crypto Coin Society: $850.86

Read Also: Could Compound Be A Millionaire-Maker Coin?

Invest in compound

Long-term Compound (COMP) Price Predictions: 2022-2025

What are crypto experts forecasting for Compound COMP in 2022 and beyond?

After the market-wide chaos of 2021, what could the next four years have in store? Our first long-term price prediction comes from DigitalCoin. The investment analysis platform has predicted a top price of $787.04 by December 2021, so if you’re wondering ‘will Comp crypto go up?’ let’s take a closer look at what it expects to happen in 2022-2025 (and beyond). 

Compound long term prediction chart

 

As we can see, DigitalCoin believes that the long-term prospects of COMP are relatively strong, although growth is likely to tumble in 2027, by 2028 it will be higher than ever. Between November 2024 and January 2025, for example, the asset could rise from $954.68 to $1,478.33 — an increase of around $524 in three months. While this wouldn’t be a ground-breaking increase for the likes of Bitcoin, it’s an (almost) unprecedented growth rate for COMP. 

If this forecast is correct, we could expect to see the following Compound prices over the coming years:

  • 2022: $812.84
  • 2023: $999.72
  • 2024: $1,186.93
  • 2025: $1,415.67 
  • 2026: $1,616.45
  • 2027: $1,564.25
  • 2028: $2,110.17
  • 2029: $3150.45
  • 2030: $4,345.68

This is all pretty promising for the future of Compound, suggesting that we could see ATH by 2023, and then prices passing $1,000 by 2024 and then $2,000 by 2028.

According to Coin Price Forecast, the price of Compound (COMP) will be valued at $496 in 2021, $506 in 2022, $732 in 2023, $950 in 2024, $1,016 in 2025, $1,167 in 2026, $998 in 2027, $1,126 in 2028, $1,252 in 2029, and $1,189 in 2030.

Cryptocurrency Price Prediction gave one of the highest predictions for 2021 and also expects COMP to break the $1,000 barrier (albeit briefly) by January 2022. For 2022-2025, it’s given the prediction below:

Compound (COMP) Price Prediction In 2022: 

January 2022

$1,018

February 2022

$870

March 2022

$995

April 2022

$1,018

May 2022

$1,111

June 2022

$1,250

July 2022

$1,296

August 2022

$1,365

September 2022

$1,435

October 2022

$1,337

November 2022

$1,384

December 2022

$1,620

 

Compound (COMP) Price Prediction In 2025: 

January 2025

$3,239

March 2025

$3,471

May 2025

$4,165

July 2025

$3,795

September 2025

$4,258

October 2025

$4,720

December 2025

$5,322

 

Cryptocurrency Price Prediction’s position is clear when it comes to the question ‘is Comp a good investment?’ As we can see in the table above, the platform believes that Compound will remain above $1,000 from April 2022 onwards, a great sign after a slight decline in February and March 2022. Although it expects some periods of stagnation, this will pave the way for more growth. By December 2025, the asset could be worth $5,322 — more than 11 times higher than its current price. 

To summarise, Cryptocurrency Price Prediction thinks Compound’s price will be valued at $926 in 2021, rising to $1,620 by the end of 2022, $1,828 by the end of 2023, and an impressive $5,322 by the end of 2025.

Coin Price Forecast hasn’t quite given us the same sky-high predictions as Cryptocurrency Price Prediction, but it’s still optimistic about COMP’s long-term prospects. By the middle of 2025, it expects the token to pass $1,000 for the first time and reach $1,007.

Compound (COMP) Price Predictions 2021-2025

Year Mid-Year Year-End Tod/End,%
2021 $338 $496 +6%
2022 $462 $506 +8%
2023 $620 $732 +56%
2024 $842 $950 +103%
2025 $1,007 $1,016 +117%

 

The table above from Coin Price Forecast shows a steady growth rate, with the price of COMP growing by around $200 to $300 every year from 2022 onwards. In contrast to the volatility and stagnation that both DigitalCoin and Cryptocurrency Price Prediction expect to see at points during the next several years. It also suggests that its growth rate will be linear. Coin Price Forecast also doesn’t believe that the asset’s year-end price will be lower than its mid-year price at any point over the next few years. This could mean that Compound will go from strength to strength, as opposed to experiencing flukish fits of bullish and bearish runs. 

However, as a long-term investment, it projects that Compound could perform much better. According to its predictions, the value of the Compound COMP token could rise to $550 by the very end of 2021, rising to $750 in 2022, and achieving a mean price of $1,550 by 2025.

Invest in compound

What Will Happen to the Price of Compound (COMP) in 2025?

The price of Compound is likely to increase in 2025 and beyond. COMP price predictions suggest that the price of Compound (COMP) will exceed $2,000 in 2025. 

Will the Price of Compound (COMP) Go Up in 2025? 

Yes, it seems likely that the price of Compound will go up in 2025. However, its growth rate might not be as linear as some of the price predictions we have seen so far as there will likely be periods of high volatility and periods of stagnation. Cryptocurrency Price Prediction thinks the coin’s value could exceed $5,000 by the end of 2025.

Additional Compound (COMP) price predictions in 2022-2025 include: 

2022

  • WalletInvestor: $1,028.760
  • Coinskid: $1,272.93
  • The Economy Forecast Agency: $921
  • Price Prediction: $879.96
  • Cryptoground: $662.23

2023

  • WalletInvestor: $1,382.470
  • Coinskid: $2,453.20
  • The Economy Forecast Agency: $1,133
  • Price Prediction: $1,301.14
  • Cryptoground: $814.89

2024

  • WalletInvestor: $1,727.150
  • Coinskid: $2,754.08
  • The Economy Forecast Agency: $1,335
  • Price Prediction: $1,885.36
  • Cryptoground: $967.812

2025

  • WalletInvestor: $2,071.510
  • Coinskid: $2,923.50
  • The Economy Forecast Agency: $1,056
  • Price Prediction: $2,767.02
  • Cryptoground: $1,151.818

Trading Education Compound price predictions:

Naturally, we have a nice and diverse range of price predictions here. And while it may look very messy to some, their diversity is our strength because it helps us see what very different people are thinking. And with that insight, we get a clearer picture of what COMP is capable of doing in different market scenarios.

Some may be wild; some may be too tame. But they all contribute to a better forecast of what might happen in the next few years.

Compound (COMP) Price Prediction 2021

Compound price is expected to valued with bullish momentum and head towards $600 towards the end of 2021. As per the COMP price prediction 2021, the price of Compound might be valued above $650 by the end of year. The predicted high for 2021 might be around $700, and on the downside, the low might be around $3700.

Expert price predictions for COMP in 2021 expect prices no lower than $360, with most forecasts in agreement that prices between $400 and $500 are most realistic. Elsewhere, more bullish estimates place COMP at $700 or even $800 and even up to $1,300. Most likely, Compound will not retest its ATH.

Compound (COMP) Price Prediction 2022

As per the Compound price prediction 2022, the price might reach $1,000 by the very end of 2022. As per our predicition and price forecast, the predicted high for 2022 might be around $1,400, and on the downside, the low might be around $650.

By 2022, Compound has a high chance of surpassing $1,000 per coin and could even reach $1,200. If COMP fails to reach $1k, it will likely be somewhere between $800 and $900, or $600 at the lowest.

Compound (COMP) Price Prediction 2023

Compound price is expected to trade with bullish momentum and head towards $1,800 towards the end of 2023. As per the Compound price prediction 2023, the price of Compound (COMP) might trade above $1,750 by the end of year. The predicted high for 2023 might be around $1,900, and on the downside, the low might be around $750.

Compound (COMP) Price Prediction 2024

As per the Compound price prediction 2024, the price might reach $3,000 by the very end of 2024. As per our predicition and price forecast, the predicted high for 2024 might be around $3,100, and on the downside, the low might be around $900.

Compound (COMP) Price Prediction 2025

As per our Compound price prediction 2025, the coin might be able to touch the $3,500 price mark on the upside, while on the downside, it might fall up to $950. As per our COMP price prediction and forecast update, the currency price might trade around $3,650 by the end of 2025.

Compound (COMP) Price Prediction 2027

Expert price predictions for 2027 are again divided over what COMP could achieve with bullish estimates of up to $5,600 and bearish estimates between $1,500 and $1,000.

Compound (COMP) Price Prediction 2030

As per our Compound price prediction 2030, the coin might be able to touch the $8,000 price mark on the upside, while on the downside, it might fall up to $1,500. As per our COMP price prediction and forecast update, the currency price might trade around $8,150 by the end of 2030.

Conclusion: Compound (COMP) Price Prediction Forecast

The below prediction figures outline some of the Potential high and low of Compound (COMP) price prediction forecasts in 2021, 2022, 2023, 2024 and 2025 offered by technical analysts and industry experts.

Year High Low
2021 $1,150 $345
2022 $2,950 $470
2023 $3,350 $730
2024 $5,680 $1,054
2025 $7,890 $1,850


Would you consider buying COMP?

Invest in compound

Check Out: 10 Reasons Why You Should Invest In Compound Today

How Has the Price of Compound (COMP) Changed Over Time?

As we mentioned earlier, Compound came to the market in June 2020, making it a third-generation cryptocurrency. This means we don’t have a lot of historical price data to analyse when carrying out technical analysis. Not only this, but its first year on the market has been anything but ‘typical’, thanks to the shockwaves caused by the coronavirus pandemic, the subsequent bull run, and Musk’s varied comments.

Compound price chart

The graph above, which comes from CoinMarketCap, shows how the price of Compound has changed since it entered the market. Although the asset started strong, initially trading at $350 just a few days after its release, it soon dropped back down to under $200 and hit a low of $126 at the start of August 2020. After a few price spikes that took it over $200 again — first in late August and then again in September — it fell into a bearish trend, and it wasn’t until it got caught in the market-wide bull run that things started to change.

By the end of January 2021, COMP had reclimbed to $200. By February, it had briefly surpassed the $500-mark — a growth rate we hadn’t seen since the asset’s first day of release. Although Compound remained relatively volatile, it didn’t fall below $300 (and barely fell below $400) for the entirety of March and April. At the end of this period, we saw its third major bull run, as the value of COMP rocketed to almost $700. 

May 2021 has been its most volatile month to date. After briefly hitting its current ATH of $911.20 on the 12th of May, the result of another market-wide price spike, it plummeted in the wake of Musk’s Bitcoin comments. By the 23rd of May, the price of 1 COMP was $303.6, its lowest price since January. 

By late June 2021, Compound’s fortunes started to change once more and prices started to pick up again, leading us to where we are today at $470.72 and price volatility disappearing. Though it hasn’t managed to retest its ATH, it has still performed amazingly well in 2021, holding onto a lot of the value it accumulated.

What Factors Affect the Price of Compound (COMP)? 

The price of Compound can be affected by a number of different factors, as the past year has shown us only too clearly! We’ll be taking a closer look at some of the events that can influence whether COMP is climbing or crashing. 

The Demand for Decentralized Finance

As one of the founding fathers of the DeFi sector, Compound is well-placed to take advantage of the market. DeFi stands for decentralized finance, which is the idea that people should be able to access financial services that aren’t governed by big banks or businesses. 

The demand for DeFi services has grown rapidly since the idea was introduced in the middle of 2020. Not only does this mean that more people are likely to turn to decentralized offerings such as Compound; because COMP acts as a DeFi lending protocol, it can also cash in on the demand for other DeFi assets. 

Anyone who holds the assets that Compound supports (there are currently eight of them) can use the protocol. As a result, COMP can market its service to a large number of existing investors. As the DeFi sector continues to grow and people look for alternative borrowing and lending solutions, Compound is likely to see more traffic. This will increase the demand for COMP tokens and, consequently, its price. 

Confidence in the Crypto Market

Another key factor that can influence the price of COMP is the level of confidence in the crypto market. Although the prices of different crypto assets can vary wildly, the market tends to move as a whole: when Bitcoin rises, everything rises. When Bitcoin falls, most assets will crash in conjunction. 

Elon Musk’s comments about the catastrophic environmental impact of Bitcoin made waves throughout the market, sending the price of COMP crashing from over $900 to under $300. But could the correlation start to weaken in the future? Because COMP tokens can’t be mined, the protocol doesn’t use quite as much energy as Bitcoin. Although it’s clear that changes need to be made to ensure the sustainability of cryptocurrency, third and fourth-generation cryptos such as Compound might be better designed to weather this storm in the long run. 

Invest in compound

Key Points

  • Compound is a DeFi lending protocol that was created to allow users to borrow and lend cryptocurrency without having to go through an intermediary. 
  • WalletInvestor predicts that the price of COMP could hit a potential maximum price of $680.831 by the end of December 2021.
  • The Economy Forecast Agency believes that the price of Compound will gradually appreciate to $586 by the end of 2021. 
  • Cryptocurrency Price Prediction is a lot more optimistic, believing that COMP will forge a new ATH of $926 by December, getting close to the $1,000-mark.
  • DigitalCoin expects COMP to be worth $1,415.67 by 2025. 
  • By December 2025, Cryptocurrency Price Prediction believes that Compound will hit a top price of $5,322.
  • Coin Price Forecast falls in the middle of these predictions, expecting the price of 1 COMP to be $1,016 by the end of 2025. 
  • Compound’s current ATH is $911.20, which it reached on the 12th of May 2021. 
  • Factors that can affect the price of Compound include the demand for decentralized finance services (DeFi) and the level of investor confidence in the crypto market. 

So, is Compound a good investment in 2021? Will Comp crypto go up? Although the predictions vary, it seems probable that the asset hasn’t yet hit its peak. As the market recovers from a period of intense instability, investors are waiting to see whether COMP will recover from its latest setback. If the forecasts are true, it seems it will — and we might see prices of $1,000 and over in 2022-2025.

eToro – The Best Platform to Buy Compound

eToro have proven themselves trustworthy within the Crypto industry over many years – we recommend you try them out.

Virtual currencies are highly volatile. Your capital is at risk.

How to buy Compound with eToro

To get trading Compound quickly and efficiently, all you have to do is follow these three simple steps.

Step 1. Slide over to eToro’s website and click ‘Join Now’ and sign up (you can also sign up with Facebook or Google). Note that you’ll need to upload proof of address and a copy of your ID — this is required to comply with anti-money laundering laws and prevent fraud.

Step 2. Make your first-time deposit. In most countries, the first-time deposit is either $50 or $200 in your local currency. However, in several countries, the first-time deposit is much higher, so check first!

Step 3. Now that your account is active and funded, go to ‘Trade Markets’ → ‘Crypto’ → ‘COMP Compound’ and choose your terms.

Ta-dah! It’s that easy — now you’re trading Compound!

Compound Price Predictions — Frequently Asked Questions

Still have questions on how much Compound could be worth? Perhaps these FAQs can help.

Is Compound Crypto Safe?

Yes, Compound is largely considered safe by the crypto community because of its popularity and because it is secured by the Ethereum network. While no crypto will ever be considered completely safe, COMP is safer than most.

How Does Compound Make Money?

Users can make money from the Compound platform by lending their crypto to others and receiving interest on their loans.

How Does COMP Coin Work?

When lenders deposit crypto to be borrowed, they receive a cToken, for example ‘cETH’ if they deposit Ethereum, which they can use to withdraw their crypto at any time. When users interact with Compound — borrowing or repaying a loan — they can be rewarded with COMP tokens.

Why Is Compound Going Up?

The price of Compound is going up because of the growing DeFi market, of which Compound is considered a leader, and because of Bitcoin’s bullish sentiment. These two factors are the most influential in the price of Compound.

How High Can Compound Go?

According to the most bullish price predictions for Compound, by 2030 COMP could be worth between $11,000 and $16,000 per coin.

Top Brokers in