Komodo Price Down 3.6% Over Last 7 Days (KMD)

Komodo (KMD) traded 5.2% lower against the dollar during the 24 hour period ending at 23:00 PM ET on May 5th. One Komodo coin can now be purchased for approximately $0.39 or 0.00000615 BTC on cryptocurrency exchanges. During the last seven days, Komodo has traded down 3.6% against the dollar. Komodo has a market capitalization of $53.43 million and approximately $4.88 million worth of Komodo was traded on exchanges in the last 24 hours.

Here’s how similar cryptocurrencies have performed during the last 24 hours:

• Bitcoin Gold (BTG) traded 0.6% higher against the dollar and now trades at $37.53 or 0.00058772 BTC.
• Zcash (ZEC) traded up 1.3% against the dollar and now trades at $23.06 or 0.00036112 BTC.
• Horizen (ZEN) traded 3.5% higher against the dollar and now trades at $8.96 or 0.00014039 BTC.
• Pirate Chain (ARRR) traded down 3.5% against the dollar and now trades at $0.36 or 0.00000560 BTC.
• Bitcoin Private (BTCP) traded flat against the dollar and now trades at $0.19 or 0.00000700 BTC.
• ZClassic (ZCL) traded up 0.8% against the dollar and now trades at $0.0579 or 0.00000091 BTC.

About Komodo

Komodo is a dPoW/PoW coin that uses the Equihash hashing algorithm. It launched on September 13th, 2016. Komodo’s total supply is 139,826,695 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 message board is blog.komodoplatform.com. The official website for Komodo 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 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 Gemini, GDAX or Changelly. Investors can then use their newly-acquired Bitcoin or Ethereum to purchase Komodo using one of the aforementioned exchanges.

KMD/USD price chart by TradingView