Komodo (KMD) Trading Down 5.7% This Week

Komodo (KMD) traded down 4.9% against the U.S. dollar during the 24 hour period ending at 22:00 PM ET on October 23rd. One Komodo coin can now be bought for about $0.24 or 0.00000365 BTC on major cryptocurrency exchanges. Komodo has a market cap of $33.29 million and $801,369.30 worth of Komodo was traded on exchanges in the last day. During the last week, Komodo has traded 5.7% lower against the U.S. dollar.

Here is how other cryptocurrencies have performed during the last day:

• Zcash (ZEC) traded up 0% against the dollar and now trades at $38.18 or 0.00056886 BTC.
• Bitcoin Gold (BTG) traded down 1% against the dollar and now trades at $22.44 or 0.00033432 BTC.
• Horizen (ZEN) traded down 2.6% against the dollar and now trades at $7.69 or 0.00011457 BTC.
• Pirate Chain (ARRR) traded down 0.5% against the dollar and now trades at $0.17 or 0.00000254 BTC.
• ZClassic (ZCL) traded down 0.2% against the dollar and now trades at $0.0571 or 0.00000085 BTC.

Komodo Profile

Komodo (KMD) is a dPoW/PoW coin that uses the Equihash hashing algorithm. It launched on September 13th, 2016. Komodo’s total supply is 140,539,939 coins and its circulating supply is 135,953,876 coins. Komodo’s official Twitter account is @komodoplatform and its Facebook page is accessible here. The official message board for Komodo is blog.komodoplatform.com. The Reddit community for Komodo is https://reddit.com/r/komodoplatform and the currency’s Github account can be viewed here. Komodo’s official website is komodoplatform.com.

According to CryptoCompare, “Komodo (KMD) is a blockchain and cryptocurrency platform focused on security, anonymity, and interoperability. Stemming from Bitcoin’s foundation, it surpasses limitations with advanced tech. Key is “delayed proof of work” (dPoW), backing up Komodo on Bitcoin’s chain for extra security. This innovation supports independent blockchains with unique consensus mechanisms, ideal for decentralized apps and secure token sales. Founded by James Lee, Komodo’s team envisioned a privacy-focused, scalable ecosystem, leveraging Lee’s software and blockchain expertise.”

Buying and Selling Komodo

It is usually not presently possible to purchase alternative cryptocurrencies such as Komodo directly using US dollars. Investors seeking to trade Komodo should first purchase Bitcoin or Ethereum using an exchange that deals in US dollars such as Coinbase, Changelly or Gemini. Investors can then use their newly-acquired Bitcoin or Ethereum to purchase Komodo using one of the aforementioned exchanges.

KMD/USD price chart by TradingView