Komodo Price Down 12.5% Over Last Week (KMD)

Komodo (KMD) traded down 80.6% against the U.S. dollar during the 1 day period ending at 8:00 AM E.T. on July 31st. One Komodo coin can currently be bought for $0.0064 or 0.00000010 BTC on popular exchanges. Komodo has a market capitalization of $867.86 thousand and approximately $992.72 worth of Komodo was traded on exchanges in the last day. During the last seven days, Komodo has traded 12.5% lower against the U.S. dollar.

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

• Zcash (ZEC) traded down 4% against the dollar and now trades at $458.17 or 0.00719359 BTC.
• Horizen (ZEN) traded 0.3% higher against the dollar and now trades at $3.84 or 0.00006029 BTC.
• Pirate Chain (ARRR) traded up 0.1% against the dollar and now trades at $0.21 or 0.00000327 BTC.
• Bitcoin Gold (BTG) traded 1.8% lower against the dollar and now trades at $0.36 or 0.00000568 BTC.
• ZClassic (ZCL) traded 6% higher against the dollar and now trades at $0.15 or 0.00000241 BTC.

Komodo Coin 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 141,262,234 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. The official website for Komodo is komodoplatform.com. Komodo’s official Twitter account is @komodoplatform and its Facebook page is accessible here. The official message board for Komodo is blog.komodoplatform.com.

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. Telegram, Discord, YouTube, Reddit, Github”

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, GDAX 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