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Price Prediction for Matic (Polygon)

  The price of Matic is inching towards the 15, 20 & 25 moving averages The yellow lines represent the range between which Matic has been trading since July The expectation is for the price of Matic to drop to 0.76 in the next few days Note: Trading decisions should not be based on the opinion in this article, investors should conduct their own due  diligence  before buying the cryptocurrency. This article is purely based on my own research and understanding of the cryptocurrency in the article.

What Is The COMP Token & The Compound Protocol & The Future Price Prediction of The COMP Token



Currency in circulation: 5.1 Million
Market Capitalization: $2.4 Billion 
Price per USD: $484 (20th April 2021)


Let's start with a simple question, lets assume that you save $500 a month after paying all your bills and expenses. What would you do with the amount saved?

Most individuals would likely choose one of the below options to put the saved $500 to a better use:
  • Invest the $500 in a form of liquid asset (stocks, bonds, crypto etc.)
  • Deposit the $500 in a savings account in a bank
In both the scenarios mentioned above, how would you generate a return on your investment or saving? If you were to invest the money, you would be rooting for your liquid asset to increase in value to make a profit on the other hand if you were to save the money in the bank, you would earn an interest. Sound's simple right?

Now, the amount that you save in the bank would guarantee you an interest on your savings because the bank would use your saved money by lending it to interested borrowers in-turn generating an income on your savings.

However if you invested your money, until the asset increases in value you will have to hold the liquid asset without a way of earning a return on it. 

Let's assume that you invested your $500 in crypto currencies and tokens and you plan to hold the currency/token for a foreseeable future. What if, similar to how the banks operate and lend out your savings, you could lend your crypto holdings and earn an interest off of it? Interesting right?

This is where the Compound protocol comes in. Compound protocol is a series of decentralized interest rate markets that allow users to supply and borrow crypto assets at a variable interest rates. 

When an individual supplies their crypto assets to the compound protocol it is added to a pool of global liquidity. A borrower can then borrow the crypto assets by providing a collateral upfront. When the borrower borrows the crypto asset they accrue interest which the compound protocol then automatically distributes to the suppliers of the crypto assets.

Furthermore, unlike a traditional bank, users of the compound protocol can borrow and supply based on their suitability as the compound protocol has no fixed terms, meaning a user can borrow or lend for an hour or ten years as they please

A user can also borrow assets from the protocol against their own supplied crypto assets


The idea of borrowing and lending is not a new one. The Compound Protocol as of 20th April 2021 has a total supply of $15.2 Billion (Crypto assets supplied by crypto holders) & users have been able to borrow a total of $6.2 billion in crypto assets. 

With the amplifying interest in crypto assets and the increasing application of crypto currencies/token in multiple industries, it is highly likely that a growing number of individuals would invest or use crypto assets for multiple uses. This could also lead to a rise in popularity of platforms like Compound Protocol and as a result might even place the COMP Token in the list of contenders for the top Cryptocurrency investment in 2021.

Compounds goal is to create a protocol that can run in a decentralized way and evolve. This is where the COMP token comes in, Compound's Ethereum token. The COMP token give the holder of the token the right to propose and vote on changes to the protocol.

The COMP token is also traded on cryptocurrency exchanges, the COMP token was trading at US$484 per COMP token on 20th April 2021 end of day. 

Crypto Coin Society predicts the COMP token to reach US$850 by the end of 2021 & US$1,503 by the end of 2025

Wallet Investor forecasts the token to end 2021 at US$752 whereas Digital Coin Price expects the COMP token to end the year at US$573

The increase in COMP token price will be largely based on the usage of the Compound Protocol. Only time will tell if the COMP token would reach its predicted levels or not, however the COMP token and the Compound Protocol is certainly an interesting idea to keep a close eye on and could even prove to be one of the top Cryptocurrency to invest in 2021. 

Note: Price forecast are predicted using mathematical models and shouldn't be used for investment decisions. Trading decisions should not be based on the opinion in the article, investors should conduct their own due diligence before buying the cryptocurrency. This article is purely based on my own research and understanding of the cryptocurrency in the article.

If you liked my explanation of COMP & Compound Protocol, let me know in the comment which currency would you like to know about next.


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