Komodo 1-Day Trading Volume Hits $9.79 Million (KMD)

Komodo (CURRENCY:KMD) traded up 8.8% against the US dollar during the twenty-four hour period ending at 22:00 PM E.T. on November 25th. Komodo has a market cap of $133.38 million and approximately $9.79 million worth of Komodo was traded on exchanges in the last day. In the last seven days, Komodo has traded 23.1% higher against the US dollar. One Komodo coin can now be purchased for $1.03 or 0.00001772 BTC on major exchanges.

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

  • Zcash (ZEC) traded up 10.5% against the dollar and now trades at $287.38 or 0.00492120 BTC.
  • Horizen (ZEN) traded 7.4% higher against the dollar and now trades at $130.05 or 0.00222702 BTC.
  • Bitcoin Gold (BTG) traded up 1.8% against the dollar and now trades at $58.54 or 0.00100242 BTC.
  • Flux (FLUX) traded down 2.6% against the dollar and now trades at $2.10 or 0.00003594 BTC.
  • RedFOX Labs (RFOX) traded 15.3% higher against the dollar and now trades at $0.31 or 0.00000526 BTC.
  • Pirate Chain (ARRR) traded up 2.6% against the dollar and now trades at $1.85 or 0.00003172 BTC.
  • Alchemy Pay (ACH) traded up 6.3% against the dollar and now trades at $0.0897 or 0.00000154 BTC.
  • Zel (ZEL) traded 14% lower against the dollar and now trades at $0.15 or 0.00000252 BTC.
  • Bitcoin Private (BTCP) traded 4.8% higher against the dollar and now trades at $2.56 or 0.00004387 BTC.
  • Ycash (YEC) traded 12.4% higher against the dollar and now trades at $0.67 or 0.00001151 BTC.

Komodo 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 128,907,115 coins. The official message board for Komodo is blog.komodoplatform.com. The Reddit community for Komodo is /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.

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. “

Komodo Coin Trading

It is usually not presently possible to purchase alternative cryptocurrencies such as Komodo directly using US dollars. Investors seeking to trade Komodo should first purchase 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 purchase Komodo using one of the exchanges listed above.

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