Compound (COMP) Hits Market Cap of $395.08 Million

Compound (COMP) traded 1.4% lower against the US dollar during the one day period ending at 22:00 PM E.T. on October 22nd. One Compound token can now be bought for about $44.96 or 0.00066812 BTC on popular exchanges. Compound has a market capitalization of $395.08 million and approximately $21.93 million worth of Compound was traded on exchanges in the last day. Over the last week, Compound has traded up 0.4% against the US dollar.

Here is how other cryptocurrencies have performed over the last day:

• Decred (DCR) traded up 0.8% against the dollar and now trades at $12.87 or 0.00019124 BTC.
• Bitcoiva (BCA) traded down 1.7% against the dollar and now trades at $4.82 or 0.00007161 BTC.
• dForce USD (USX) traded up 0% against the dollar and now trades at $1.00 or 0.00001483 BTC.
• WhiteCoin (XWC) traded down 1.5% against the dollar and now trades at $0.0162 or 0.00000024 BTC.
• Bitcoin Diamond (BCD) traded 0.9% lower against the dollar and now trades at $0.0630 or 0.00000094 BTC.
• ReddCoin (RDD) traded 69.3% lower against the dollar and now trades at $0.0002 or 0.00000000 BTC.
• Navcoin (NAV) traded down 2.5% against the dollar and now trades at $0.0304 or 0.00000045 BTC.
• Memetic (MEME) traded 4.5% lower against the dollar and now trades at $0.0127 or 0.00000019 BTC.
• 42-coin (42) traded down 0.1% against the dollar and now trades at $25,579.30 or 0.38008258 BTC.
• DeepOnion (ONION) traded 0.1% lower against the dollar and now trades at $0.0539 or 0.00000080 BTC.

About Compound

Compound is a PoW/PoS token that uses the

X11

hashing algorithm. Its launch date was September 30th, 2017. Compound’s total supply is 10,000,000 tokens and its circulating supply is 8,786,548 tokens. The official website for Compound is compoundlabs.xyz. Compound’s official message board is medium.com/compound-finance. Compound’s official Twitter account is @compoundfinance and its Facebook page is accessible here.

According to CryptoCompare, “Compound (COMP) is a cryptocurrency and operates on the Ethereum platform. Compound has a current supply of 10,000,000 with 8,786,217.46652449 in circulation. The last known price of Compound is 45.82490497 USD and is down -2.56 over the last 24 hours. It is currently trading on 527 active market(s) with $23,432,675.15 traded over the last 24 hours. More information can be found at https://compoundlabs.xyz/.”

Compound Token Trading

It is usually not currently possible to purchase alternative cryptocurrencies such as Compound directly using US dollars. Investors seeking to acquire Compound should first purchase Bitcoin or Ethereum using an exchange that deals in US dollars such as Gemini, Coinbase or Changelly. Investors can then use their newly-acquired Bitcoin or Ethereum to purchase Compound using one of the aforementioned exchanges.

COMP/USD price chart by TradingView