Komodo (KMD) Price Down 10.6% This Week

Komodo (KMD) traded 3.8% lower against the dollar during the 24-hour period ending at 18:00 PM E.T. on October 26th. Komodo has a market cap of $31.56 million and $1.02 million worth of Komodo was traded on exchanges in the last 24 hours. One Komodo coin can now be bought for approximately $0.23 or 0.00000346 BTC on exchanges. In the last week, Komodo has traded down 10.6% against the dollar.

Here is how similar cryptocurrencies have performed in the last 24 hours:

• Zcash (ZEC) traded 3.5% lower against the dollar and now trades at $34.84 or 0.00051971 BTC.
• Bitcoin Gold (BTG) traded 2.8% lower against the dollar and now trades at $21.64 or 0.00032279 BTC.
• Horizen (ZEN) traded 4.4% lower against the dollar and now trades at $7.30 or 0.00010892 BTC.
• Pirate Chain (ARRR) traded up 1.8% against the dollar and now trades at $0.18 or 0.00000275 BTC.
• ZClassic (ZCL) traded down 0.1% against the dollar and now trades at $0.0570 or 0.00000085 BTC.

About Komodo

KMD is a dPoW/PoW coin that uses the Equihash hashing algorithm. Its genesis date was September 13th, 2016. Komodo’s total supply is 140,543,884 coins and its circulating supply is 135,953,876 coins. The official website for Komodo is komodoplatform.com. Komodo’s official Twitter account is @komodoplatform and its Facebook page is accessible here. 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.

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 presently 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 Gemini, Changelly or Coinbase. 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