Komodo Price Reaches $0.40 on Exchanges (KMD)

Komodo (KMD) traded 4.3% higher against the U.S. dollar during the twenty-four hour period ending at 18:00 PM E.T. on May 26th. Komodo has a market capitalization of $54.39 million and $3.52 million worth of Komodo was traded on exchanges in the last day. In the last week, Komodo has traded 0.1% lower against the U.S. dollar. One Komodo coin can now be purchased for about $0.40 or 0.00000583 BTC on popular exchanges.

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

  • Bitcoin Gold (BTG) traded down 1.9% against the dollar and now trades at $35.95 or 0.00052406 BTC.
  • Zcash (ZEC) traded down 0.8% against the dollar and now trades at $26.58 or 0.00038751 BTC.
  • Horizen (ZEN) traded 0.8% lower against the dollar and now trades at $9.43 or 0.00013746 BTC.
  • Pirate Chain (ARRR) traded down 1.8% against the dollar and now trades at $0.26 or 0.00000378 BTC.
  • Bitcoin Private (BTCP) traded flat against the dollar and now trades at $0.19 or 0.00000700 BTC.
  • ZClassic (ZCL) traded 0.8% lower against the dollar and now trades at $0.0615 or 0.00000090 BTC.

Komodo Coin Profile

Komodo (KMD) is a dPoW/PoW coin that uses the Equihash hashing algorithm. It was first traded on September 13th, 2016. Komodo’s total supply is 139,919,123 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. Komodo’s official message board 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 possible to purchase alternative cryptocurrencies such as Komodo directly using U.S. dollars. Investors seeking to acquire Komodo should first purchase Ethereum or Bitcoin using an exchange that deals in U.S. dollars such as Changelly, Gemini or Coinbase. Investors can then use their newly-acquired Ethereum or Bitcoin to purchase Komodo using one of the exchanges listed above.

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