Compound Finance and Ethereum Classic Price Analysis – 25 August

A prominent cryptocurrency analyst Josh Olszewicz ran technical analysis on the price action of two popular altcoins Compound Finance (COMP) and Ethereum Classic (ETC)

Compound Finance (COMP)

Compound Finance (COMP) is an open-source non-custodial protocol for decentralized lending and borrowing on Ethereum (ETH). Compound’s lending and borrowing interests rates are algorithmically derived based on the supply and demand for the asset.

Ethereum Classic (ETC)

Ethereum Classic (ETC) is a distributed ledger and decentralized computing platform with smart contract capabilities, created in 2016 by forking the original Ethereum (ETH) project.