Komodo Achieves Market Capitalization of $24.67 Million (KMD)

Komodo (KMD) traded down 5.6% against the U.S. dollar during the 24 hour period ending at 12:00 PM Eastern on February 6th. One Komodo coin can currently be purchased for about $0.18 or 0.00000188 BTC on popular exchanges. Komodo has a market capitalization of $24.67 million and $908,316.25 worth of Komodo was traded on exchanges in the last day. In the last seven days, Komodo has traded down 25.1% against the U.S. dollar.

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

• Zcash (ZEC) traded down 9.7% against the dollar and now trades at $29.93 or 0.00030977 BTC.
• Horizen (ZEN) traded 10.3% lower against the dollar and now trades at $11.22 or 0.00011610 BTC.
• Bitcoin Gold (BTG) traded 1.8% lower against the dollar and now trades at $4.71 or 0.00004876 BTC.
• Pirate Chain (ARRR) traded down 5.4% against the dollar and now trades at $0.15 or 0.00000155 BTC.
• ZClassic (ZCL) traded up 90.2% against the dollar and now trades at $0.0802 or 0.00000083 BTC.

Komodo Coin Profile

Komodo (KMD) is a dPoW/PoW coin that uses the Equihash hashing algorithm. Its genesis date was September 13th, 2016. Komodo’s total supply is 140,693,883 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. The official message board for Komodo is blog.komodoplatform.com. Komodo’s official website is 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 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, Changelly or Coinbase. 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