Komodo (KMD) Price Hits $0.38

Komodo (KMD) traded up 0.5% against the US dollar during the 1-day period ending at 12:00 PM E.T. on May 25th. Komodo has a market capitalization of $51.66 million and approximately $2.29 million worth of Komodo was traded on exchanges in the last day. Over the last week, Komodo has traded 7.1% lower against the US dollar. One Komodo coin can now be bought for about $0.38 or 0.00000550 BTC on cryptocurrency exchanges.

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

• Bitcoin Gold (BTG) traded 0% lower against the dollar and now trades at $36.60 or 0.00053016 BTC.
• Zcash (ZEC) traded down 0.6% against the dollar and now trades at $26.79 or 0.00038799 BTC.
• Horizen (ZEN) traded up 0% against the dollar and now trades at $9.50 or 0.00013766 BTC.
• Pirate Chain (ARRR) traded up 5.2% against the dollar and now trades at $0.27 or 0.00000389 BTC.
• Bitcoin Private (BTCP) traded flat against the dollar and now trades at $0.19 or 0.00000700 BTC.
• ZClassic (ZCL) traded up 2.1% against the dollar and now trades at $0.0621 or 0.00000090 BTC.

Komodo Profile

Komodo is a dPoW/PoW coin that uses the Equihash hashing algorithm. Its genesis date was September 13th, 2016. Komodo’s total supply is 139,913,352 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. Komodo’s official Twitter account is @komodoplatform and its Facebook page is accessible here. Komodo’s official website is komodoplatform.com. 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 currently 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 GDAX, Changelly or Gemini. 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