COMP to ETH conversion chart
Compound to Ethereum correlation
According to the correlation analysis, COMP and ETH have a strong relationship with each other and are correlated. Whenever there is a change in the price of COMP then ETH also tends to follow the same pattern and move together.
Live COMP Price Change and Market Cap
At the moment, COMP price is 0.000069 ETH and it changed by -4.23% in the last 24 hours. Compound has a total market capitalization of $291 today. 284.11 COMP is in circulation. The 24-hour highest price of COMP was 0.00007331 ETH and the lowest was 0.00006601 ETH.
Compound Price Prediction
The price of the COMP token is mostly influenced by the development in the Compound protocol, since it is a governance token. Important updates can increase demand for COMP since it acts as voting power. The future of Compound, in turn, depends on the success of the upcoming consensus layer merge in Ethereum and regulations in DeFi.
According to a Compound price prediction for 2022, the token can gain at the very least +50% and rise to $650. The Compound price can reach and exceed $1,000 as early as in 2024. By 2030 and even 2025 some opinions claim COMP price can even exceed $10,000.
Compound Wallets
If you are looking for a software wallet, pick Exodus wallet, if security is your major priority, choose Trezor. In all these wallets you can track the live COMP price as well as other cryptocurrencies. Also, you will be able to exchange COMP at the best rates with ChangeHero in these wallets.
COMP to ETH exchange margin
The closing conversion rate for COMP to ETH yesterday was {{LAST}} ETH. Considering today’s exchange rate, a transaction of 1 COMP to ETH would result in an output of 0.000069 ETH ETH.
How to convert Compound to Ethereum
Compound and Ethereum comparison
The Compound protocol is designed to be able to algorithmically calculate interest rates for each asset in accordance with the supply and demand. Users can either supply tokens into the protocol or borrow/sell/use/re-lend assets if they put some of their balance as collateral. COMP token holders can vote on all changes to the protocol themselves or delegate some of their voting power to other community members. Compound tokens are distributed to users that interact with the markets, regardless of whether they borrow, lend, withdraw or repay an asset, in proportion to the borrowing demand in the market.
Ethereum was launched in 2014 by Vitalik Buterin. It is an open-source blockchain network with a major emphasis on smart contracts. For the starters, smart contracts are pieces of code which automatically processes the transactions once the preset conditions are met. Ethereum is often praised as the Second Generation of blockchain. Ether is the native cryptocurrency of the Ethereum Blockchain.
What is Compound?
The Compound protocol is designed to be able to algorithmically calculate interest rates for each asset in accordance with the supply and demand. Users can either supply tokens into the protocol or borrow/sell/use/re-lend assets if they put some of their balance as collateral.
COMP token holders can vote on all changes to the protocol themselves or delegate some of their voting power to other community members. Compound tokens are distributed to users that interact with the markets, regardless of whether they borrow, lend, withdraw or repay an asset, in proportion to the borrowing demand in the market.
Compound to Ethereum price details
COMP to ETH Conversion Rate and Price
At the moment, the conversion rate for 1 COMP equals to 0.000069 ETH. The 24-hour highest price of Compound in relation to ETH was 0.00007331 ETH and the lowest was 0.00006601 ETH. In short, COMP price in relation to ETH changed by -4.23%.
Instantly Exchange COMP to ETH
On ChangeHero you can instantly exchange Compound to Ethereum without signup. You can easily convert COMP to ETH in a few clicks without worrying about the rates and fees. ChangeHero offers both the Best Rate and Fixed Rate for your COMP to ETH exchange.
COMP to ETH Best Rate Exchange
For the Best Rate exchange of Compound to Ethereum, we search through various exchanges for the COMP to ETH pair and find the best rate available in the market. We provide you with an estimation of the amount of ETH you will receive.
As soon as you accept the terms and the COMP is deposited, the exchange will be automatically processed. We remind you that the final amount of ETH you receive may vary slightly due to the volatility in the price of the cryptocurrencies which affects the conversion rate of COMP to ETH.
COMP to ETH Fixed Rate Conversion
For the Fixed Rate exchange of Compound to Ethereum, ChangeHero find a good rate for the pair COMP to ETH and fix the rate for up to 15 minutes. In the Best Rate exchange of COMP to ETH, you will receive the exact amount of ETH which was shown in the estimate.
ChangeHero is a non-custodial service and never holds your cryptocurrency. As soon as the exchange is completed, we send your assets to the mentioned ETH address. ChangeHero is the best place to exchange COMP to ETH fast and safe at the best rates.
Frequently asked questions
How long does it take to convert COMP to ETH?
Usually, it takes around 15 minutes but the time may vary depending on how busy the network is.
Do I need an account to exchange COMP to ETH?
No, you do not need an account to swap COMP to ETH on ChangeHero. There will be no registrations for your Compound to Ethereum transaction.
Do I need to go through KYC procedures for COMP to ETH exchange?
There will be no KYC for the COMP to ETH exchange. However, if our threat detection system raises the alarm then we ask you to complete a simple verification procedure that takes a few minutes.
Can I exchange ETH to COMP?
Yes, you can instantly exchange ETH to COMP on ChangeHero.
Buy and sell Ethereum
Are you looking to buy Ethereum? Now, on ChangeHero you can buy Ethereum with credit or debit card. Also, you can see your cryptocurrency on ChangeHero to US Dollars and Euro. Give it a try.
