Compound Review: What The Data Tells Us

I've been watching Compound lately, and there's a lot to unpack here. Let me break down what's been happening and what the data is telling us.

📈 Current Price Action

Currently trading at $31.64, we're seeing upward momentum in the short term. We're seeing bearish pressure over the past week.

Compound price movement over the last 7 days

💰 Market Metrics

With a market cap of $305.67M, it's ranked #214 in the crypto market. The 24h volume of $29.37M represents 9.61% of the market cap, which indicates moderate trading activity.

Metric	Value
Current Price	$31.64
24h Change	+2.98%
7d Change	-8.50%
30d Change	-6.68%
Market Cap	$305.67M
24h Volume	$29.37M
Market Rank	#214

🪙 Supply Dynamics

There are $9.67M coins in circulation out of a maximum supply of $10.00M (96.68% circulating). We're close to max supply, which means minimal inflation pressure.

📊 Historical Context

The all-time high was $910.54, and we're currently 96.53% below that level. The all-time low sits at $22.89, which means we're 38.08% up from the bottom.
That's a significant discount from ATH, which could present opportunity - or suggest fundamental changes in the project's prospects.

🤔 My Take

Looking at the price action, Compound is in a consolidation phase. The price structure show room for growth if fundamentals improve.

Remember, higher volatility means higher risk. Position sizing is crucial.

🎯 Final Thoughts

And that's my current read on Compound. Numbers don't lie, but they also don't predict the future. What's your perspective on this project?

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This is not financial advice. Always do your own research before making investment decisions.