Komodo (KMD) Market Cap Reaches $45.26 Million

Komodo (KMD) traded 7.4% higher against the U.S. dollar during the twenty-four hour period ending at 12:00 PM ET on December 28th. One Komodo coin can now be purchased for $0.33 or 0.00000352 BTC on cryptocurrency exchanges. Komodo has a market cap of $45.26 million and $2.73 million worth of Komodo was traded on exchanges in the last day. During the last seven days, Komodo has traded up 7% against the U.S. dollar.

Here’s how other cryptocurrencies have performed during the last day:

• Zcash (ZEC) traded down 1.1% against the dollar and now trades at $61.71 or 0.00065157 BTC.
• Horizen (ZEN) traded down 6.1% against the dollar and now trades at $28.65 or 0.00030252 BTC.
• Bitcoin Gold (BTG) traded up 3.4% against the dollar and now trades at $10.33 or 0.00010908 BTC.
• Pirate Chain (ARRR) traded down 1.7% against the dollar and now trades at $0.21 or 0.00000224 BTC.
• ZClassic (ZCL) traded up 5.8% against the dollar and now trades at $0.0398 or 0.00000042 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 140,636,332 coins and its circulating supply is 135,953,876 coins. Komodo’s official message board is blog.komodoplatform.com. Komodo’s official Twitter account is @komodoplatform and its Facebook page is accessible here. The official website for Komodo is komodoplatform.com. The Reddit community for Komodo is https://reddit.com/r/komodoplatform and the currency’s Github account can be viewed here.

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 trade Komodo should first buy Ethereum or Bitcoin using an exchange that deals in US dollars such as GDAX, Changelly or Gemini. 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