Komodo Price Hits $0.25 (KMD)

Komodo (KMD) traded up 3.3% against the US dollar during the 1-day period ending at 8:00 AM ET on August 20th. One Komodo coin can currently be bought for $0.25 or 0.00000416 BTC on major exchanges. Komodo has a total market capitalization of $34.40 million and $2.06 million worth of Komodo was traded on exchanges in the last day. Over the last seven days, Komodo has traded up 5.1% against the US dollar.

Here’s how similar cryptocurrencies have performed over the last day:

• Zcash (ZEC) traded down 0.2% against the dollar and now trades at $41.56 or 0.00068406 BTC.
• Bitcoin Gold (BTG) traded up 1.9% against the dollar and now trades at $22.39 or 0.00036864 BTC.
• Horizen (ZEN) traded down 0.2% against the dollar and now trades at $7.80 or 0.00012838 BTC.
• Pirate Chain (ARRR) traded up 0.9% against the dollar and now trades at $0.16 or 0.00000265 BTC.
• ZClassic (ZCL) traded 4.1% higher against the dollar and now trades at $0.0668 or 0.00000110 BTC.

Komodo Profile

KMD is a dPoW/PoW coin that uses the Equihash hashing algorithm. Its launch date was September 13th, 2016. Komodo’s total supply is 140,316,331 coins and its circulating supply is 135,953,876 coins. The official website for Komodo is komodoplatform.com. Komodo’s official Twitter account is @komodoplatform and its Facebook page is accessible here. 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.

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 buy alternative cryptocurrencies such as Komodo directly using US dollars. Investors seeking to trade Komodo should first buy Ethereum or Bitcoin using an exchange that deals in US dollars such as Coinbase, Changelly or Gemini. 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