Komodo Hits 24-Hour Trading Volume of $4.13 Million (KMD)

Komodo (KMD) traded 3.8% lower against the U.S. dollar during the one day period ending at 16:00 PM ET on May 6th. One Komodo coin can now be bought for $0.38 or 0.00000605 BTC on popular cryptocurrency exchanges. Komodo has a total market capitalization of $52.06 million and approximately $4.13 million worth of Komodo was traded on exchanges in the last day. Over the last week, Komodo has traded down 5.9% against the U.S. dollar.

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

• Bitcoin Gold (BTG) traded down 1.5% against the dollar and now trades at $36.97 or 0.00058382 BTC.
• Zcash (ZEC) traded up 0.8% against the dollar and now trades at $23.15 or 0.00036553 BTC.
• Horizen (ZEN) traded up 0.3% against the dollar and now trades at $9.03 or 0.00014262 BTC.
• Pirate Chain (ARRR) traded 0.1% higher against the dollar and now trades at $0.35 or 0.00000551 BTC.
• Bitcoin Private (BTCP) traded flat against the dollar and now trades at $0.19 or 0.00000700 BTC.
• ZClassic (ZCL) traded 1.2% lower against the dollar and now trades at $0.0569 or 0.00000090 BTC.

Komodo Profile

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 139,829,745 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. The official website for Komodo is komodoplatform.com. Komodo’s official message board is blog.komodoplatform.com.

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 Bitcoin or Ethereum using an exchange that deals in US dollars such as Coinbase, GDAX or Gemini. Investors can then use their newly-acquired Bitcoin or Ethereum to buy Komodo using one of the exchanges listed above.

KMD/USD price chart by TradingView