Tag: Compound (COMP)

There is a new DeFi lending platform in the market called Sublime that wants to let users stake their "digital reputations" to access loans.

The post Lending platform Sublime, which lets users stake their ‘digital reputations,’ raises $2.5 million appeared first on The Block.

Das “DeFiPortfolio” von eToro ist ein indexähnliches Investmentportfolio, das aus 11 verschiedenen DeFi-Coins besteht: Ethereum (ETH), Uniswap (UNI), Chainlink (LINK), Aave (AAVE), Compound (COMP), Yearn Finance (YFI), Decentraland (MANA), Polygon (MATIC), Algorand (ALGO), Basic Attention Token (BAT), und Maker (MKR). Das neue Produkt bietet einen einfachen Weg, um zu diversifizieren und ein Investment in das dezentralisierte Finanz-Ökosystem zu tätigen und durch regelmäßiges Rebalancing automatisch … Continued

Der Beitrag EToro bringt neues DeFi-Portfolio auf den Markt erschien zuerst auf BeInCrypto.

Rate this post Compound and Flamingo are rebounding from critical support levels. COMP may reach $530, while FLM prices might double to $1.2 if bulls clear August 2021 highs. Compound (COMP) The lending protocol Compound is one of the earliest DeFi projects. It uses COMP for governance. Past Performance of COMP Despite consolidating from a top-down preview, the COMP crypto is bullish. COMP coin prices are up six percent on the last trading day. However, there is a double bar bull reversal pattern and a conspicuous engulfing bull bar with high volumes, possibly marking the end of last week’s losses. Day-Ahead and What to Expect The path of the least resistance is upwards. Compound crypto fundamentals are strong, propping COMP token prices reading from the daily chart. In the medium term, buyers can search entries above $340, targeting the immediate resistance levels at $530. As per the COMP technical analysis on the same chart, steep, unexpected losses below immediate support may cancel the uptrend. Compound Technical Analysis Overall, COMP coin prices are still in consolidation within a $210 range with identifiable caps at $340 and $530, respectively. The formation of the double bar bullish reversal pattern of September 13 and 14 forms the base of a possible rally towards $530. This provides an opportunity for aggressive buyers. Conversely, as mentioned, losses below $340 would signal a bear trend continuation of last week for COMP. Flamingo (FLM) Flamingo, a DeFi protocol on NEO, is interoperable and depends on the FLM token. Past Performance of FLM As per the FLM technical analysis in the daily chart, the uptrend is clear, and buyers stand a chance. On the last day, the FLM coin is up three percent. Nonetheless, FLM is within a bearish breakout pattern below the middle BB. Besides, FLM token price action is within September 7 high-low. Day-Ahead and What to Expect The FLM coin price is recovering, but consolidating near $0.60. Since trading volumes are decent, there might be more headroom for a retest of the middle BB and even August 2021 highs of around $0.80. Conversely, losses below last week’s lows might trigger a sell-off towards July 2021 lows. Flamingo Technical Analysis FLM token price action suggests bulls. A Fibonacci retracement between July and August 2021 trade range shows that FLM found support at the 50 percent level. As such, the consolidation might be an accumulation of FLM prices, a ground for $0.80 in the medium term. Losses below $0.60 may see FLM coin fall towards $0.32. Meanwhile, Flamingo crypto prices might nearly double from spot rates if it overcomes $0.80 to $1.2.

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