Komodo (KMD) Price Tops $0.27 on Exchanges

Komodo (KMD) traded 2.8% higher against the U.S. dollar during the 1-day period ending at 8:00 AM E.T. on October 14th. One Komodo coin can now be bought for approximately $0.27 or 0.00000415 BTC on major exchanges. In the last week, Komodo has traded up 6.4% against the U.S. dollar. Komodo has a total market cap of $36.57 million and approximately $1.12 million worth of Komodo was traded on exchanges in the last day.

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

• Zcash (ZEC) traded 2% higher against the dollar and now trades at $36.10 or 0.00055748 BTC.
• Bitcoin Gold (BTG) traded 1.1% higher against the dollar and now trades at $22.25 or 0.00034359 BTC.
• Horizen (ZEN) traded 1.5% higher against the dollar and now trades at $8.32 or 0.00012851 BTC.
• Pirate Chain (ARRR) traded 1.5% higher against the dollar and now trades at $0.17 or 0.00000261 BTC.
• ZClassic (ZCL) traded up 3.4% against the dollar and now trades at $0.0518 or 0.00000080 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 140,517,310 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. 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.

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

KMD/USD price chart by TradingView