Komodo Trading Down 20.2% Over Last Week (KMD)

Komodo (KMD) traded down 10.3% against the U.S. dollar during the twenty-four hour period ending at 12:00 PM Eastern on January 13th. One Komodo coin can now be purchased for $0.27 or 0.00000294 BTC on exchanges. Komodo has a market capitalization of $36.80 million and $1.91 million worth of Komodo was traded on exchanges in the last 24 hours. Over the last seven days, Komodo has traded 20.2% lower against the U.S. dollar.

Here’s how related cryptocurrencies have performed over the last 24 hours:

• Zcash (ZEC) traded down 3.8% against the dollar and now trades at $46.80 or 0.00050873 BTC.
• Horizen (ZEN) traded down 14.9% against the dollar and now trades at $19.85 or 0.00021581 BTC.
• Bitcoin Gold (BTG) traded 1.3% lower against the dollar and now trades at $12.10 or 0.00013156 BTC.
• Pirate Chain (ARRR) traded 4.3% lower against the dollar and now trades at $0.19 or 0.00000202 BTC.
• ZClassic (ZCL) traded down 3.2% against the dollar and now trades at $0.0396 or 0.00000043 BTC.

Komodo Profile

Komodo (KMD) is a dPoW/PoW coin that uses the Equihash hashing algorithm. Its launch date was September 13th, 2016. Komodo’s total supply is 140,659,202 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 website is komodoplatform.com. The official message board for Komodo is blog.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.”

Buying and Selling Komodo

It is usually not possible to buy alternative cryptocurrencies such as Komodo directly using US dollars. Investors seeking to trade Komodo should first buy Bitcoin or Ethereum using an exchange that deals in US dollars such as Changelly, Coinbase or GDAX. Investors can then use their newly-acquired Bitcoin or Ethereum to buy Komodo using one of the aforementioned exchanges.

KMD/USD price chart by TradingView