Komodo (KMD) Price Hits $0.40 on Major Exchanges

Komodo (KMD) traded 5.4% lower against the US dollar during the 24-hour period ending at 17:00 PM E.T. on May 5th. During the last seven days, Komodo has traded down 5.3% against the US dollar. One Komodo coin can now be purchased for about $0.40 or 0.00000625 BTC on major cryptocurrency exchanges. Komodo has a market cap of $54.15 million and approximately $4.73 million worth of Komodo was traded on exchanges in the last 24 hours.

Here is how related cryptocurrencies have performed during the last 24 hours:

• Bitcoin Gold (BTG) traded up 1.8% against the dollar and now trades at $37.66 or 0.00059080 BTC.
• Zcash (ZEC) traded 0.8% lower against the dollar and now trades at $23.06 or 0.00036168 BTC.
• Horizen (ZEN) traded up 1.6% against the dollar and now trades at $9.02 or 0.00014146 BTC.
• Pirate Chain (ARRR) traded 8.1% lower against the dollar and now trades at $0.35 or 0.00000544 BTC.
• Bitcoin Private (BTCP) traded flat against the dollar and now trades at $0.19 or 0.00000700 BTC.
• ZClassic (ZCL) traded 0.7% lower against the dollar and now trades at $0.0570 or 0.00000089 BTC.

Komodo Profile

Komodo is a dPoW/PoW coin that uses the Equihash hashing algorithm. Its genesis date was September 13th, 2016. Komodo’s total supply is 139,825,587 coins and its circulating supply is 135,953,876 coins. The Reddit community for Komodo is https://reddit.com/r/komodoplatform and the currency’s Github account can be viewed here. Komodo’s official Twitter account is @komodoplatform and its Facebook page is accessible here. Komodo’s official message board is blog.komodoplatform.com. The official website for Komodo 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 possible to buy alternative cryptocurrencies such as Komodo directly using US dollars. Investors seeking to acquire Komodo should first buy Ethereum or Bitcoin using an exchange that deals in US dollars such as Coinbase, Changelly or GDAX. Investors can then use their newly-acquired Ethereum or Bitcoin to buy Komodo using one of the aforementioned exchanges.

KMD/USD price chart by TradingView