Komodo Price Hits $0.25 on Exchanges (KMD)

Komodo (KMD) traded 0.2% lower against the U.S. dollar during the 1 day period ending at 22:00 PM ET on October 30th. One Komodo coin can now be purchased for approximately $0.25 or 0.00000341 BTC on major cryptocurrency exchanges. Komodo has a total market cap of $33.38 million and approximately $1.03 million worth of Komodo was traded on exchanges in the last day. During the last seven days, Komodo has traded up 0% against the U.S. dollar.

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

• Zcash (ZEC) traded 2.6% lower against the dollar and now trades at $38.33 or 0.00053164 BTC.
• Bitcoin Gold (BTG) traded 1.9% lower against the dollar and now trades at $23.23 or 0.00032228 BTC.
• Horizen (ZEN) traded down 3.1% against the dollar and now trades at $7.58 or 0.00010519 BTC.
• Pirate Chain (ARRR) traded 1.8% higher against the dollar and now trades at $0.19 or 0.00000263 BTC.
• ZClassic (ZCL) traded down 0% against the dollar and now trades at $0.0506 or 0.00000070 BTC.

Komodo Profile

Komodo is a dPoW/PoW coin that uses the Equihash hashing algorithm. It launched on September 13th, 2016. Komodo’s total supply is 140,549,881 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. Komodo’s official website is komodoplatform.com. The Reddit community for Komodo is https://reddit.com/r/komodoplatform and the currency’s Github account can be viewed here.

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 U.S. dollars. Investors seeking to acquire Komodo should first buy Bitcoin or Ethereum using an exchange that deals in U.S. dollars such as GDAX, Coinbase or Gemini. Investors can then use their newly-acquired Bitcoin or Ethereum to buy Komodo using one of the exchanges listed above.

KMD/USD price chart by TradingView