Compound Price Forecast 2023: Will COMP Deplete More or Sustain?

Compound Price Forecast 2023: Will COMP Deplete More or Sustain?

1
The Compound’s price took rejection at $80 and decreased by 4.68% over the last week trading beneath the major EMA’s.
2
The price of the Compound is trading at $40.6090 and the 52-week range is $23.3260 – $86.5480.
According to Compound, a leading decentralized finance (DeFi) protocol, which usually posts on the CoinMarketCap website, has announced the launch of a native USDC market on Arbitrum, a layer-2 scaling solution for Ethereum. Users can now lend and borrow USDC on Arbitrum with lower fees and higher throughput than on Ethereum. 
Moreover, users can also transfer native USDC from the Arbitrum market to other supported blockchains using Circle’s Cross-Chain Transfer Protocol (CCTP), a permissionless on-chain utility that burns and mints USDC across chains. This eliminates the need for users to bridge back to Ethereum and enhances the liquidity and interoperability of USDC in the multi-chain ecosystem.
Compound rose by 1.35% in market va

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