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

18 Min Read
Last Updated July 23rd 2021

Will Compound COMP go up or crash? Read our Compound Price Prediction 2021 – 2025

On the hunt for Compound predictions? Or have you been struggling to answer the question ‘is Compound a good investment?’ Read on. Find out the top COMP Price prediction forecast for 2021 and beyond and discover how much Compound could be worth. 

According to the recent long-term forecast, Compound price will hit $950 by the end of 2021, $1,275 by the end of 2022 and $4,750 by the end of 2025. Compound COMP will rise to $7,540 in 2027, $9,320 in 2030 and $11,300 in 2032.  

At the time of writing, Compound (COMP) has a price of $280.48 and a market capitalization rate of $1,480,480,425. Currently the world’s 49th largest cryptocurrency, it snuck into the top 50 after overtaking DASH during the latest bull run. But is this altcoin on the up, or heading for a bearish downturn?

The recent market fluctuation has shaken the world of cryptocurrency. After Elon Musk made comments about the environmental impact of Bitcoin, the market as a whole lost hundreds of thousands of dollars in value. COMP was no exception. Before Musk’s announcement that Tesla would no longer accept BTC payments for its cars, the asset had reached a new all-time high (ATH) of $905.97. Its current price is less than half this number, but after a few weeks of growth, the tide could potentially be turning.

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.

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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 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 (USD)
  • Wrapped Bitcoin (WBTC)
  • 0x (ZRX) 

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 is able to vote on potential changes. The total number of COMP tokens has been capped at 10,000,000.

Is Compound (COMP) a good investment? This once 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. 

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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 has proved incredibly volatile. After around six months of bullish growth between late November 2020 and April 2021, the market has 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 Wallet Investor, the outlook for Compound is bright. Its predictions suggest that the price of COMP could hit a potential maximum price of $995.456 by the end of December 2021.

Although its minimum and average price predictions don’t match the token’s previous record ($713.225 and $851.059 respectively), they still show significant improvement on COMP’s current value of $438.48.

COMP price prediction chart

In contrast to the extreme levels of volatility we have seen recently, Wallet Investor 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 right up until June 2022, by which point the token could have reached $1328.040 in value.

Unfortunately, Long Forecast isn’t quite so optimistic. The investment analysis platform believes that the price of Compound will continue to fall over the second half of the year, eventually closing at a value of just $292. That’s roughly $150 lower than the token’s current trading price.

Compound COMP Price Predictions For 2021:

Month Open Low-High Close Mo,% Total,%
Jun 2021 $437 $256-$574 $275 -37.1% -37.1%
Jul 2021 $275 $215-$311 $231 -16.0% -47.1%
Aug 2021 $231 $180-$231 $194 -16.0% -55.6%
Sep 2021 $194 $194-$241 $225 16.0% -48.5%
Oct 2021 $225 $202-$232 $217 -3.6% -50.3%
Nov 2021 $217 $217-$270 $252 16.1% -42.3%
Dec 2021 $252 $252-$312 $292 15.9% -33.2%

 

The silver lining to this disappointing prediction is that Long Forecast doesn’t expect the asset to hit its yearly low at the very end of 2021. According to the platform’s analysis, Compound’s lowest price - which could be $180 - is likely to occur in August, after losing more than $200 in the space of a few months. Although this decline isn’t good news for investors, it’s at least reassuring to see that COMP will manage to rally, and almost double in value before the year ends. 

The good news is that Cryptocurrency Price Prediction has higher expectations than Long Forecast. Its analysis suggests that the price of COMP has already reached its yearly low. By July 2021, its price will have increased to just under $600 ($591), before continuing to climb for most of the rest of the year. The asset won’t just meet its ATH - Cryptocurrency Price Prediction believes it will outstrip its current record of $905.97 by September and even pass the $1,000 resistance point. 

Compound COMP Price Predictions In 2021:

Month & Year

COMP Price Prediction

July 2021

$591

August 2021

$877

September 2021

$979

October 2021

$1,036

November 2021

$1,115

December 2021

$829

 

Unfortunately, the platform’s analysis suggests that COMP won’t be able to sustain this growth for long. By the end of December 2021, its price will have dipped back down to $829. At more than $350 higher than COMP’s current price, this would still be an improvement - but seems slightly less encouraging when compared to its potential ATH of over $1,000. 

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, although it may hit a new yearly low before rallying. There isn’t much consistency at all between these predictions, especially when it comes to volatility levels (Wallet Investor expects to see almost no volatility at all, whereas Long Forecast believes the price of COMP could vary hugely month-on-month). Long Forecast is also the only platform to believe that Compound won’t close the year at a higher price than its current value of $438.48.

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

The price of Compound (COMP) may go up in 2021. Both Wallet Investor and Cryptocurrency Price Prediction believe the asset could be worth around $800-1,000 by the end of the year, although Long Forecast isn’t so optimistic - it believes the token will be worth under $300 by the time 2021 comes to a close. 

Additional predictions for the price of Compound (COMP) include:

  • Digital Coin Price: $590.1
  • Trading Beasts: $555.852
  • Crypto Coin Society: $850.86
  • Coinpedia: $1,310

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

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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 Digital Coin Price. The investment analysis platform has predicted a top price of $590.10 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). 

COMP price prediction chart

As we can see, Digital Coin Price believes that the long-term prospects of COMP are relatively strong, although growth is likely to be slow up until 2023. From this point onwards, we’re likely to see much higher levels of volatility. Between November 2024 and January 2025, for example, the asset could rise from $881.61 to $1,365.18 - an increase of around $580 in three months. While this wouldn’t be a groundbreaking 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: $750.62
  • 2023: $923.2
  • 2024: $1,096.08
  • 2025: $1,307.32 
  • 2026: $1,492.73
  • 2027: $1,444.52
  • 2028: $1,948.66
  • 2029: $2150.45
  • 2030: $2,345.68

Although this doesn’t suggest we’ll see huge year-on-year growth, it does suggest that the price of Compound won’t plummet any time soon - an encouraging prospect after its recent bull run. 

According to coin price forecast, The price of Compound COMP will be valued at $650 in 2021, $750 in 2022, $923 in 2023, $1096 in 2024, $1307 in 2025, $1492 in 2026, $1444 in 2027, $1948 in 2028, $2150 in 2029, and $2345 in 2030.

Cryptocurrency Price Prediction gave one of the highest predictions for 2021, expecting COMP to break the $1,000 barrier (albeit briefly) before the end of the year. For 2022-2025, it’s given the prediction below: 

Compound COMP Price Predictions 2022: 

January 2022

$979

February 2022

$1,076

March 2022

$1,274

April 2022

$1,301

May 2022

$1,420

June 2022

$1,517

July 2022

$1,468

August 2022

$1,711

September 2022

$1,565

October 2022

$1,741

November 2022

$1,614

December 2022

$1,719

 

Compound COMP Price Predictions 2025: 

January 2025

$4,497

March 2025

$5,026

May 2025

$5,819

July 2025

$5,308

September 2025

$5,202

October 2025

$6,084

December 2025

$6,260

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 January 2022 onwards (a great sign after the slight bearish adjustment it expects at the end of 2021). Although it expects the price to stagnate in the year between August 2022 and August 2023, this will apparently pave the way for high levels of growth. By December 2025, the asset could be worth $6,260 - more than 13 times higher than its current price. 

In fact, Cryptocurrency Price Prediction thinks Compound price will be valued at $980 in 2021, rising to $1719 by the end of 2022, $2150 by the end of 2023, $4560 by the end of 2024, and an impressive $6260 by the end of 2025. 

Coin Price Forecast hasn’t quite given us the same sky-high prediction as Cryptocurrency Price Prediction, but it’s still optimistic about COMP’s long-term prospects. By the middle of 2022, it expects the token to have a price of $1,182, rising to $1,448 by the end of the year. 

Compound COMP Price Predictions 2021-2025

Year Mid-Year Year-End Tod/End,%
2021 $627 $909 +109%
2022 $1,182 $1,448 +233%
2023 $1,377 $1,584 +265%
2024 $1,788 $1,928 +344%
2025 $2,121 $1,935 +346%

 

This table shows a steady growth rate, with the price of COMP growing by around $200 to $300 every year. In contrast to the volatility and stagnation that both Digital Coin Price and Cryptocurrency Price Prediction expect to see at points during the next four years, It also suggests that its growth rate will be linear. With the exception of 2025, Coin Price Forecast doesn’t believe that the asset’s year-end price will be lower than its mid-year price. 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 $750 by the very end of 2021, rising to $1,200 in 2022, and achieving a mean price of $2,050 by 2025.

What Will Happen to the Price of Compound (COMP) in 2022-2025?

Between 2022 and 2025, the predictions suggest that the price of Compound (COMP) will exceed $1,000. Digital Coin Price expects this to happen in 2024, while both Cryptocurrency Price Prediction and Coin Price Forecast believe it could happen much sooner, before the end of 2022. 

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 Coin Price Forecast believes. Cryptocurrency Price Prediction thinks we could see a period of price stagnation between August 2022 and 2023, but thankfully, this won’t last long and the coin’s value could go up to over $6,000 by the end of 2025. 

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

2022

  • Trading Beasts: $406.450
  • Wallet Investor: $868.750
  • Coins Kid: $805.84
  • Long Forecast: $541

2023

  • Trading Beasts: $829.435
  • Wallet Investor: $2,812.580
  • Coins Kid: $969.97
  • Long Forecast: $757

2024

  • Trading Beasts: $1,086.714
  • Wallet Investor: $3,873.930
  • Coins Kid: $2,282.40
  • Long Forecast: $414

2025

  • Wallet Investor: $4,921.910
  • Coins Kid: $3,468.80
  • Long Forecast: $891

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 $245
2022 $1,950 $370
2023 $2,350 $430
2024 $4,680 $754
2025 $6,890 $1,100


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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 fourth-generation cryptocurrency. This means we don’t have large amounts of historical price data to analyse when carrying out predictive processes such as 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. 

COMP 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 off 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 $905.97 on 12th May, the result of another market-wide price spike, it plummeted in the wake of Musk’s Bitcoin comments. By 23rd May, the price of 1 COMP was $303.6, its lowest price since January. Although the asset has rallied a little since then, it hasn’t yet returned to its yearly peak - and, if the majority of predictions are correct, might not do so until 2022 and beyond. 

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. 

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Key Points

  • At the time of writing, Compound (COMP) has a price of $438.48 and a market capitalization rate of $2,280,480,425. That makes it the 49th largest cryptocurrency in the world.
  • Compound is a DeFi lending protocol that was created to allow users to borrow and lend cryptocurrency, without having to go through an intermediary. 
  • Wallet Investor predicts that the price of COMP could hit a potential maximum price of $995.456 by the end of December 2021.
  • Long Forecast  believes that the price of Compound will continue to fall over the second half of 2021, eventually closing at a value of just $292. That’s around $150 lower than its current price. 
  • Cryptocurrency Price Prediction is a lot more optimistic, believing that COMP will outstrip its current record of $905.97 by September 2021 and even pass the $1,000 resistance point. 
  • Despite high levels of volatility, Digital Coin Price expects COMP to be worth $1,307.32 by 2025. 
  • By December 2025, Cryptocurrency Price Prediction believes that Compound will hit a top price of $6,260.
  • Coin Price Forecast falls in the middle of these predictions, expecting the price of 1 COMP to be $1,935 by the end of 2025. 
  • Compound’s current ATH was $905.97, which it reached in 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 set-back. If the forecasts are true, it seems it will - and we might see prices of $1,000 and over in 2022-2025.  

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