Here’s Why Compound (COMP) Is Up 7% While Ethereum Is Plunging

Here’s Why Compound (COMP) Is Up 7% While Ethereum Is Plunging

It’s been a tough past few days for the crypto market. Bitcoin and Ethereum are both down by approximately 5% in the past 24 hours, plunging as gold and the U.S. equities market drop in a fashion not seen in many weeks.

There are some cryptocurrencies that are holding strong, though. One of these is the Ethereum-based Compound (COMP) coin, the native governance token for Compound. COMP is up 7%…

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