I previously reported on Compound coin and what it was setting out to achieve on the Etherum Network, if you missed it. In summary it is providing loans for capital allowing people to speculate and invest without selling.
Compound coin itself is the governance token and holding them allows you to vote on the direction of the protocol including rates.
I'm happy to report that my prediction was correct and Compound had reached a new all time high today reaching $AUD311 dollars a coin. This coin is tipped to reach $US320 this year but I have a feeling that this coin will peak further. It is also ontrack to be a $US5000 - $US6000 coin.
It's still not too late to invest a small amount if you haven't got the capital to purchase an entire coin.
