Komodo (KMD) Hits Market Cap of $52.27 Million

Komodo (KMD) traded 1.5% higher against the dollar during the 24 hour period ending at 18:00 PM ET on June 16th. In the last seven days, Komodo has traded down 5.4% against the dollar. Komodo has a market cap of $52.27 million and approximately $1.82 million worth of Komodo was traded on exchanges in the last day. One Komodo coin can now be purchased for $0.38 or 0.00000577 BTC on major exchanges.

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

• Bitcoin Gold (BTG) traded 1.8% lower against the dollar and now trades at $28.36 or 0.00042590 BTC.
• Zcash (ZEC) traded 0.9% higher against the dollar and now trades at $22.76 or 0.00034178 BTC.
• Horizen (ZEN) traded 1.3% higher against the dollar and now trades at $7.31 or 0.00010984 BTC.
• Pirate Chain (ARRR) traded up 0.2% against the dollar and now trades at $0.22 or 0.00000333 BTC.
• ZClassic (ZCL) traded 0.5% higher against the dollar and now trades at $0.0599 or 0.00000090 BTC.

Komodo Coin Profile

Komodo is a dPoW/PoW coin that uses the Equihash hashing algorithm. Its launch date was September 13th, 2016. Komodo’s total supply is 140,051,630 coins and its circulating supply is 135,953,876 coins. Komodo’s official website is komodoplatform.com. The official message board for Komodo is blog.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 Twitter account is @komodoplatform and its Facebook page is accessible 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 currently possible to purchase alternative cryptocurrencies such as Komodo directly using U.S. dollars. Investors seeking to trade Komodo should first purchase Ethereum or Bitcoin using an exchange that deals in U.S. dollars such as Changelly, Gemini or GDAX. Investors can then use their newly-acquired Ethereum or Bitcoin to purchase Komodo using one of the aforementioned exchanges.

KMD/USD price chart by TradingView