Komodo (KMD) Reaches Market Capitalization of $56.81 Million

Komodo (KMD) traded 2.7% higher against the US dollar during the twenty-four hour period ending at 7:00 AM ET on April 20th. One Komodo coin can currently be purchased for approximately $0.42 or 0.00000655 BTC on exchanges. During the last week, Komodo has traded down 2.2% against the US dollar. Komodo has a market cap of $56.81 million and $4.06 million worth of Komodo was traded on exchanges in the last day.

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

• Bitcoin Gold (BTG) traded 0.9% higher against the dollar and now trades at $35.91 or 0.00056308 BTC.
• Zcash (ZEC) traded down 0.8% against the dollar and now trades at $22.52 or 0.00035310 BTC.
• Horizen (ZEN) traded 0.5% lower against the dollar and now trades at $8.74 or 0.00013700 BTC.
• Pirate Chain (ARRR) traded up 7.9% against the dollar and now trades at $0.45 or 0.00000701 BTC.
• Bitcoin Private (BTCP) traded flat against the dollar and now trades at $0.19 or 0.00000700 BTC.
• ZClassic (ZCL) traded 0.2% lower against the dollar and now trades at $0.0608 or 0.00000095 BTC.

Komodo Coin Profile

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 139,760,366 coins and its circulating supply is 135,953,876 coins. Komodo’s official website is komodoplatform.com. 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. 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 presently 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 GDAX, Coinbase or Gemini. Investors can then use their newly-acquired Ethereum or Bitcoin to buy Komodo using one of the exchanges listed above.

KMD/USD price chart by TradingView