Komodo (KMD) Trading Down 25.8% Over Last Week

Komodo (KMD) traded 4.9% lower against the US dollar during the one day period ending at 8:00 AM Eastern on February 5th. Komodo has a total market cap of $3.39 million and $195.51 thousand worth of Komodo was traded on exchanges in the last day. During the last seven days, Komodo has traded down 25.8% against the US dollar. One Komodo coin can now be bought for approximately $0.0249 or 0.00000035 BTC on popular cryptocurrency exchanges.

Here’s how related cryptocurrencies have performed during the last day:

• Zcash (ZEC) traded down 13.8% against the dollar and now trades at $240.53 or 0.00341614 BTC.
• Horizen (ZEN) traded 7.6% lower against the dollar and now trades at $6.38 or 0.00009058 BTC.
• Pirate Chain (ARRR) traded 17.2% lower against the dollar and now trades at $0.31 or 0.00000436 BTC.
• Bitcoin Gold (BTG) traded 47.3% lower against the dollar and now trades at $0.50 or 0.00000708 BTC.
• ZClassic (ZCL) traded down 7.1% against the dollar and now trades at $0.21 or 0.00000302 BTC.

Komodo Profile

Komodo is a dPoW/PoW coin that uses the Equihash hashing algorithm. Its launch date was September 13th, 2016. Komodo’s total supply is 141,207,327 coins and its circulating supply is 135,953,876 coins. 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. Komodo’s official message board is blog.komodoplatform.com. Komodo’s official website is 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.”

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 Bitcoin or Ethereum using an exchange that deals in US dollars such as Changelly, GDAX or Coinbase. Investors can then use their newly-acquired Bitcoin or Ethereum to buy Komodo using one of the exchanges listed above.

KMD/USD price chart by TradingView