Bitcoin Forum

Alternate cryptocurrencies => Speculation (Altcoins) => Topic started by: crypto1010 on June 18, 2020, 09:47:08 AM



Title: Compound Rocket Growth
Post by: crypto1010 on June 18, 2020, 09:47:08 AM
https://preview.redd.it/p4ig9qw53n551.jpg?width=1280&format=pjpg&auto=webp&s=25dcb251fe34d9fd3291d9e27a812c4e74e248e1

Almost immediately after listing, Compound's COMP token has overtaken MKR as the largest DeFi token by market cap.

Meanwhile, the value locked in Compound has been skyrocketing, up over 200% in 2 days. If the trend continues, it will overtake MAKER to become the number 1 DeFi project by locked value, in just days.

- Source: https://Twitter.com/thedaomaker


Title: Re: Compound Rocket Growth
Post by: Jating on June 18, 2020, 09:55:27 AM
Well good for that Defi project, and as we have been saying, the more the better option for us crypto enthusiast. It was very short burst though, very short that it's very scary to thing about it. Nothing bad against the project, but I do hope that it will be sustainable.

We all know that once a project gets listed, it sure be pump to it's limit that's why I question the sustainability and the growth. So let's see what is going to happen in the next couple of weeks.