Post
Topic
Board Altcoin Discussion
Re: Does Compound Coin is worth investing......?
by
Shallow
on 19/06/2020, 19:21:54 UTC


Hi

I have seen THe compound coin have rising huge https://www.coinmarketcap.com/currencies/compound/


Why this coin has huge rise even though it doesn't have maximum coins.


What actually compound coin increasing why........?

If you are referring to total supply which I think you are because most of the times it can still be called maximum supply; hence the total supply is 10,000,000 COMP while the circulating supply is 2,561,279 COMP, it is right there on the coinmarketcap website. Also, as to the reason why a coin will increase massively can be attributed to the news or event the team bears which could be a platform upgrade, mainnet, new partnership, achieving a major milestone, endorsements, new exchange listing and it goes on. So one or more of these can make a coin to increase massively in price.