Komodo Tops 24-Hour Trading Volume of $1.78 Million (KMD)

Komodo (KMD) traded 3.3% lower against the U.S. dollar during the one day period ending at 21:00 PM ET on July 11th. In the last week, Komodo has traded up 12.3% against the U.S. dollar. Komodo has a total market capitalization of $39.32 million and approximately $1.78 million worth of Komodo was traded on exchanges in the last 24 hours. One Komodo coin can currently be purchased for approximately $0.29 or 0.00000509 BTC on exchanges.

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

• Bitcoin Gold (BTG) traded 1.2% lower against the dollar and now trades at $23.00 or 0.00040490 BTC.
• Zcash (ZEC) traded up 2.8% against the dollar and now trades at $23.94 or 0.00042144 BTC.
• Horizen (ZEN) traded 2.3% lower against the dollar and now trades at $10.54 or 0.00018556 BTC.
• Pirate Chain (ARRR) traded 0.1% lower against the dollar and now trades at $0.16 or 0.00000282 BTC.
• ZClassic (ZCL) traded down 1.4% against the dollar and now trades at $0.0460 or 0.00000081 BTC.

Komodo Profile

KMD is a dPoW/PoW coin that uses the Equihash hashing algorithm. It launched on September 13th, 2016. Komodo’s total supply is 140,155,097 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. 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.

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 Gemini, Changelly 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