Komodo Reaches Market Capitalization of $26.60 Million (KMD)

Komodo (KMD) traded up 1.5% against the U.S. dollar during the 24 hour period ending at 12:00 PM ET on February 10th. One Komodo coin can now be purchased for $0.20 or 0.00000201 BTC on cryptocurrency exchanges. Over the last seven days, Komodo has traded up 1.8% against the U.S. dollar. Komodo has a total market capitalization of $26.60 million and approximately $1.06 million worth of Komodo was traded on exchanges in the last day.

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

• Zcash (ZEC) traded 0.4% higher against the dollar and now trades at $32.42 or 0.00033307 BTC.
• Horizen (ZEN) traded 0.9% higher against the dollar and now trades at $11.75 or 0.00012077 BTC.
• Bitcoin Gold (BTG) traded up 30% against the dollar and now trades at $5.46 or 0.00005613 BTC.
• Pirate Chain (ARRR) traded 3.1% lower against the dollar and now trades at $0.15 or 0.00000153 BTC.
• ZClassic (ZCL) traded 0.7% higher against the dollar and now trades at $0.0612 or 0.00000063 BTC.

Komodo Coin Profile

Komodo (KMD) is a dPoW/PoW coin that uses the Equihash hashing algorithm. It launched on September 13th, 2016. Komodo’s total supply is 140,699,601 coins and its circulating supply is 135,953,876 coins. Komodo’s official Twitter account is @komodoplatform and its Facebook page is accessible here. Komodo’s official website is komodoplatform.com. 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.

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 Gemini, GDAX or Coinbase. Investors can then use their newly-acquired Ethereum or Bitcoin to buy Komodo using one of the aforementioned exchanges.

KMD/USD price chart by TradingView