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the platform has come up with a protocol upgrade that will help in the growth of the protocol instead of selling off the rewards without necessarily benefitting the existing token holders and users.But why is the coin price skyrocketing? This article focuses on the factors behind the current Compound rally.

There was actually a rush by investors to purchase more tokens since the majority believe that the upgrade will lead to a price hike.2022Community to embrace the new proposalThe community seems to embrace the new proposal with a majority saying that the 50% cut-off will reduce the rampant inflations that have been experienced in the network before.Announcement on protocol upgradeAfter realizing that its reward distribution program has a negative effect on the COMP price.

@compoundfinance Proposal 92: COMP Rewards Adjustments Kickstart Rewards: Step OneThis proposal is the first step towards launching the new rewards program existing rewards are being cut by 50%.Why is Compound price rising?The two main factors being attributed to the current surge in the price of Compound coin are the recent protocol upgrade announcement and the communitys response to the announcement.

Compound (COMP) price has surged 10% today at a time when the majority of cryptocurrencies are bullish with the likes of Bitcoin reaching three months high

Shiba Inu is a meme coin that took the markets by storm in 2021 after it rallied by millions of percentages.along with a manufacturing plant to make said panels.

And it comes with a high price tag: around $200 billion.And that $200 billion? Seems a hefty sum.

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