As Bitcoin Struggles, This New Crypto Has Soared 250% To A Massive $2 Billion Valuation – Forbes

Bitcoin and cryptocurrency investors, feeling bullish amid a broad post-coronavirus crash rally, are seeing massive gains from some smaller cryptocurrencies.

The bitcoin price, under pressure since its latest attempt to breach the $10,000 per bitcoin level last week failed, is stuck on a downward trend—but other digital assets are soaring.

Following its launch just this week, decentralized finance protocol Compound’s comp token has surged around 250%, giving it a market value of around $2 billion, according to some calculations.

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Users of the Compound lending platform began earning comp tokens this
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