Compound Coin (COMP) Falls 0.36%, Underperforms the Crypto Market Thursday

Thursday, January 06, 2022 07:10 PM | InvestorsObserver Analysts

Compound Coin (COMP) has been relatively average in terms of volatility when compared to other cryptocurrencies. So far Thursday, the crypto has fallen 36.05% to $0.00000005607460338.

InvestorsObserver is giving Compound Coin a 73 Volatility Rank. Find out what this means to you and get the rest of the rankings on Compound Coin!

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Moderately Volatile

InvestorsObserver gives Compound Coin a moderate volatility rank of 73, placing it in the top 27% of cryptos on the market.

The Volatility Gauge takes into account this means that the rank represents its recent trends and isn't overly influenced by a sudden spike - or two - in volatility. COMP's moderate volatility reading comes with a low reading on the Risk/Reward Gauge, meaning that the coin has moderate price swings and is well protected from price manipulation.

What is a Coin?

A coin is a cryptocurrency that exists on its own blockchain. these are typically used for payments. Depending on the cryptocurrency, what those payments are used for may vary from general use in the Digital Money sub-class to more specific uses in some other sub-classes.