Komodo (KMD) Trading 7.6% Higher This Week

Komodo (KMD) traded up 4.6% against the US dollar during the 24-hour period ending at 12:00 PM E.T. on October 11th. Komodo has a total market cap of $35.25 million and approximately $1.20 million worth of Komodo was traded on exchanges in the last 24 hours. In the last week, Komodo has traded 7.6% higher against the US dollar. One Komodo coin can currently be bought for about $0.26 or 0.00000417 BTC on exchanges.

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

• Zcash (ZEC) traded 14.5% higher against the dollar and now trades at $35.96 or 0.00057765 BTC.
• Bitcoin Gold (BTG) traded up 2.6% against the dollar and now trades at $21.90 or 0.00035185 BTC.
• Horizen (ZEN) traded up 5.5% against the dollar and now trades at $8.24 or 0.00013243 BTC.
• Pirate Chain (ARRR) traded 0.6% lower against the dollar and now trades at $0.18 or 0.00000284 BTC.
• ZClassic (ZCL) traded 2.5% higher against the dollar and now trades at $0.0498 or 0.00000080 BTC.

Komodo Profile

Komodo (CRYPTO:KMD) is a dPoW/PoW coin that uses the Equihash hashing algorithm. Its launch date was September 13th, 2016. Komodo’s total supply is 140,513,801 coins and its circulating supply is 135,953,876 coins. Komodo’s official Twitter account is @komodoplatform and its Facebook page is accessible here. The Reddit community for Komodo is https://reddit.com/r/komodoplatform and the currency’s Github account can be viewed here. Komodo’s official website 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 presently 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, Coinbase or Gemini. 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