COMP (Compound) Token {Market Cap} Analysis 03/04/2022

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Fundamental Analysis:


Like many digital assets, only a fixed number of COMP tokens will ever come into existence. The total supply is capped at 10 million COMP and as of writing, less than a third are in circulation (~3.3 million).

Out of these 10 million tokens, just over 4.2 million tokens will be distributed to Compound users over a 4-year period. The second biggest allotment (almost 2.4 million COMP) goes to the Compound Labs, Inc shareholders, whereas 2.2 million tokens will be distributed to the Compound founders and current team with a 4 year vesting schedule.

Finally, 775,000 COMP are reserved for community governance incentives and the remaining 332,000 tokens will be allocated to future team members.

The exact rate of COMP emission is subject to change over time, as voters are able to increase or reduce the emission rate by passing a proposal through community governance.

The current CoinMarketCap ranking is #90, with a live market cap of $1,021,434,119 USD. It has a circulating supply of 6,686,099 COMP coins and a max. supply of 10,000,000 COMP coins.





Technical Analysis:

There exist Bullish Divergence of Price Value and MACD , which the sign of bearish trend reversal and start of the new Bullish trend which may lead to the new Economical Cycle.
There are Total of 3 Targets defined by the Average Confluences of the Fibonacci Expansion and Fibonacci Trend Base Extension. these confluences Points can even be counted as the Major Pivot Points .
The 3 TP gets its confirmation as the Bullish trend Triggers the 2 TP followed by some Price correction and Reaccumulation. on its Up Formation rally.
Currently the Price Value is at 78.6% Fibonacci retracement level; it means it has broken the 78.6% Fibonacci Retracement as the Resistance level and had rechecked it backed and it has been Proved to be the support area .
The Fibonacci Tools have been Drawn From 0$ to the ATH, so the Specified Levels are well Defined and Proved.

The Asset is at the Accumulation Level Currently, which means soon the smart many will Flow in it and the Price Value will get Pump and Appreciates

Probably we may not again see this 78.6% Fibonacci Retracement Level or bellow in the current cycle.
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COMP Token Analysis :

COMP (Compound) Token Analysis 04/03/2022
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