I'm just a nobody living in a world where everybody wants to be a somebody.
I am very much into the Jam band scene ๐ธ
Stock Market and Crypto Enthusiast. ๐๐
I know there are many people that believe Alt coins are worthless and theyโre right to believe that because most of them are absolutely worthless. However, there are a handful of Alt coins that are wildly undervalued as of right now and my favorite one is $COMP
Hereโs whyโฆ..
$COMP right now is at $600 Million market cap with only 10 million total supply and 8.9 million in circulation.
It is one of very few coins that is listed on #Robinhood #Coinbase and #Binance
These three exchanges have over 350 million active userโs globally. $COMP is also the only coin on Robinhood sub $1 Billion market cap. To me this coin is a no brainer. Just with these facts alone. But there is much more to it.
Compound serves a real world purpose because it is a decentralized autonomous lending protocol. Itโs a platform built on Ethereum that allows people to lend out capital to other people who want to borrow it. It draws in liquidity by paying out a yield for anyone who stakes capital into the protocol. It then attracts people who wish to borrow that capital at a cheap interest rate. Because Compound does all this autonomously, it actually makes it much more economical to borrow money peer-peer on the blockchain, rather than borrowing from a bank charging egregious interest rates.
This real world use case can draw in big money from Venture capitalists and central banks, especially with a Pro Crypto President in office. $COMP currently trades at $67, but it wonโt be trading that cheap for that longโฆ..