Komodo (KMD) Reaches Market Cap of $57.43 Million

Komodo (KMD) traded 9% lower against the US dollar during the 24 hour period ending at 23:00 PM E.T. on April 24th. One Komodo coin can now be purchased for about $0.42 or 0.00000657 BTC on popular cryptocurrency exchanges. Komodo has a total market cap of $57.43 million and approximately $4.02 million worth of Komodo was traded on exchanges in the last day. Over the last seven days, Komodo has traded 7.8% higher against the US dollar.

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

• Bitcoin Gold (BTG) traded down 3.9% against the dollar and now trades at $35.20 or 0.00054706 BTC.
• Zcash (ZEC) traded down 5.8% against the dollar and now trades at $22.73 or 0.00035319 BTC.
• Horizen (ZEN) traded 7% lower against the dollar and now trades at $8.79 or 0.00013659 BTC.
• Pirate Chain (ARRR) traded 14.7% higher against the dollar and now trades at $0.41 or 0.00000636 BTC.
• Bitcoin Private (BTCP) traded flat against the dollar and now trades at $0.19 or 0.00000700 BTC.
• ZClassic (ZCL) traded down 3% against the dollar and now trades at $0.0611 or 0.00000095 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 139,779,688 coins and its circulating supply is 135,953,876 coins. The official message board for Komodo is blog.komodoplatform.com. 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.

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 possible to purchase alternative cryptocurrencies such as Komodo directly using U.S. dollars. Investors seeking to trade Komodo should first purchase Bitcoin or Ethereum using an exchange that deals in U.S. dollars such as Coinbase, Changelly or GDAX. Investors can then use their newly-acquired Bitcoin or Ethereum to purchase Komodo using one of the exchanges listed above.

KMD/USD price chart by TradingView