Komodo (KMD) Price Hits $0.34 on Exchanges

Komodo (KMD) traded up 6.1% against the US dollar during the twenty-four hour period ending at 12:00 PM ET on December 24th. Komodo has a market cap of $45.62 million and approximately $2.84 million worth of Komodo was traded on exchanges in the last 24 hours. In the last seven days, Komodo has traded 1.6% lower against the US dollar. One Komodo coin can currently be bought for approximately $0.34 or 0.00000339 BTC on major exchanges.

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

• Zcash (ZEC) traded up 9.4% against the dollar and now trades at $69.07 or 0.00069812 BTC.
• Horizen (ZEN) traded 16.9% higher against the dollar and now trades at $36.85 or 0.00037244 BTC.
• Bitcoin Gold (BTG) traded 22.6% lower against the dollar and now trades at $13.21 or 0.00013347 BTC.
• Pirate Chain (ARRR) traded 0.7% lower against the dollar and now trades at $0.21 or 0.00000217 BTC.
• ZClassic (ZCL) traded 5.7% higher against the dollar and now trades at $0.0396 or 0.00000040 BTC.

About Komodo

Komodo is a dPoW/PoW coin that uses the Equihash hashing algorithm. It was first traded on September 13th, 2016. Komodo’s total supply is 140,630,616 coins and its circulating supply is 135,953,876 coins. The official message board for Komodo is blog.komodoplatform.com. The official website for Komodo is 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 presently 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 GDAX, Coinbase or Changelly. 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