Komodo Trading 23.5% Lower Over Last Week (KMD)

Komodo (KMD) traded down 13.3% against the dollar during the one day period ending at 12:00 PM E.T. on April 3rd. In the last seven days, Komodo has traded 23.5% lower against the dollar. One Komodo coin can currently be bought for about $0.13 or 0.00000153 BTC on popular exchanges. Komodo has a total market capitalization of $17.04 million and approximately $1.20 million worth of Komodo was traded on exchanges in the last day.

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

• Zcash (ZEC) traded down 7.1% against the dollar and now trades at $37.63 or 0.00045984 BTC.
• Horizen (ZEN) traded 10.5% lower against the dollar and now trades at $7.96 or 0.00009699 BTC.
• Pirate Chain (ARRR) traded 6.2% lower against the dollar and now trades at $0.12 or 0.00000144 BTC.
• Bitcoin Gold (BTG) traded up 4.3% against the dollar and now trades at $0.54 or 0.00000664 BTC.
• ZClassic (ZCL) traded 6.1% lower against the dollar and now trades at $0.0703 or 0.00000086 BTC.

Komodo Profile

Komodo (KMD) is a dPoW/PoW coin that uses the Equihash hashing algorithm. Its launch date was September 13th, 2016. Komodo’s total supply is 140,773,851 coins and its circulating supply is 135,953,876 coins. Komodo’s official message board 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. The official website for Komodo is komodoplatform.com. Komodo’s official Twitter account is @komodoplatform and its Facebook page is accessible here.

According to CryptoCompare, “Komodo is a privacy-centric cryptocurrency that combines the anonymity of ZCash with the security of Bitcoin. Using a new consensus mechanism developed by the Komodo team, delayed Proof of Work, Komodo blocks can be notarized using the Bitcoin blockchain. KMD is issued through an Equihash-based PoW protocol, and the new block information is sent to pre-voted notary nodes. These nodes insert the Komodo block information on the BTC blockchain by creating a custom transaction. This system ensures that in order to “hack” komodo, one would have to rewrite both chains.Komodo uses Zero Knowledge Proofs to provide 100% anonymous transactions, that are now secured with Bitcoin's hash rate.”

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, Changelly or Gemini. Investors can then use their newly-acquired Bitcoin or Ethereum to buy Komodo using one of the aforementioned exchanges.

KMD/USD price chart by TradingView