A large-cap decentralized finance (DeFi) altcoin is on the verge of a major 300% rebound, according to popular trader Smart Contracter.
The pseudonymous trader tells his 118,000 Twitter followers that Compound (COMP) is setting the stage for a massive move up in both the USD and BTC denominations as the DeFi sector heats up.
“COMP/BTC has put in a major bottom in my opinion. I reckon we see a 165% move to the upside against BTC from here.
If BTC keeps moving higher, COMP could be like 3x in USD value. DeFi season is back baby.”
Source: Smart Contracter
Compound is a DeFi lending protocol sitting in the top 50 projects by market cap that allows users to earn interest on staked crypto assets that are deposited into one of the liquidity pools available on the platform.
Conversely, individuals can