Komodo (KMD) Hits Market Capitalization of $53.87 Million

Komodo (KMD) traded down 1% against the US dollar during the one day period ending at 23:00 PM E.T. on April 16th. Komodo has a market capitalization of $53.87 million and approximately $6.97 million worth of Komodo was traded on exchanges in the last 24 hours. One Komodo coin can currently be purchased for about $0.40 or 0.00000619 BTC on popular cryptocurrency exchanges. In the last week, Komodo has traded down 15.9% against the US dollar.

Here’s how similar cryptocurrencies have performed in the last 24 hours:

• Bitcoin Gold (BTG) traded 2.6% lower against the dollar and now trades at $36.68 or 0.00057313 BTC.
• Zcash (ZEC) traded up 0.8% against the dollar and now trades at $21.31 or 0.00033287 BTC.
• Horizen (ZEN) traded 1.4% lower against the dollar and now trades at $8.41 or 0.00013143 BTC.
• Pirate Chain (ARRR) traded up 8.3% against the dollar and now trades at $0.33 or 0.00000519 BTC.
• Bitcoin Private (BTCP) traded flat against the dollar and now trades at $0.19 or 0.00000700 BTC.
• ZClassic (ZCL) traded up 1.1% against the dollar and now trades at $0.0603 or 0.00000094 BTC.

Komodo Profile

Komodo (CRYPTO:KMD) is a dPoW/PoW coin that uses the Equihash hashing algorithm. It was first traded on September 13th, 2016. Komodo’s total supply is 139,746,194 coins and its circulating supply is 135,953,876 coins. 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. The official message board for Komodo is blog.komodoplatform.com. Komodo’s official Twitter account is @komodoplatform and its Facebook page is accessible 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.”

Komodo Coin Trading

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 Coinbase, Gemini or Changelly. 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