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Both the 12 and 26-day values are crisscrossing very closely and unless there is a piece of very positive news that will cause a return of interest in Compound.The one-day candlestick and moving averages from Binance charts also doesnt show a positive outlook either.
The turn of the new year heralded a boom in DeFi and Compound was quickly recognised as one of the best options and a flurry of interest saw it rise.Are the recent governance proposals and upcoming cross-chain support enough to counter the bearish market being experienced by Compound?The rise of DeFi in the last year or so has seen many crypto platforms pop up that offer better services than their fiat counterparts.GatewaySource: Compound Labs TwitterCompound is all set to launch its latest service called the Gateway in the coming months.
what is in store for the DeFi platform? Lets have a look at a few aspects that can and are playing their influence.Compound Price ForecastThough the flurry of activity by Compound is always a good sign that the lending platform is actively working on giving more services and expanding on existing ones.
What must be closely followed are the upcoming regulations being tabled by different nations and any large changes in budgets that can potentially upset fiat strength and pump people to protect their investments as many Compound pools offer higher interest rates than paper currencies
Flash Loan AttacksThe past few weeks have been filled with seven different DeFi platforms running on BSC subject to flash loan attacks.or give Edge or Safari a chancePrivacy Seekers: Download Firefox or Ungoogled ChromiumPower Users: Try VivaldiWindows offers Edge out of the box.
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