Komodo (KMD) Price Down 60.4% This Week

Komodo (KMD) traded down 7.2% against the dollar during the 24-hour period ending at 8:00 AM Eastern on September 25th. One Komodo coin can currently be bought for about $0.0072 or 0.00000009 BTC on popular exchanges. Komodo has a market capitalization of $979.18 thousand and approximately $4.85 worth of Komodo was traded on exchanges in the last day. During the last week, Komodo has traded 60.4% lower against the dollar.

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

• Zcash (ZEC) traded up 6.6% against the dollar and now trades at $1,580.22 or 0.01874643 BTC.
• Horizen (ZEN) traded 6% higher against the dollar and now trades at $7.59 or 0.00009000 BTC.
• Pirate Chain (ARRR) traded up 7.5% against the dollar and now trades at $0.31 or 0.00000362 BTC.
• Bitcoin Gold (BTG) traded down 16.3% against the dollar and now trades at $0.89 or 0.00001050 BTC.
• ZClassic (ZCL) traded 22% higher against the dollar and now trades at $0.70 or 0.00000830 BTC.

Komodo Coin Profile

Komodo (KMD) is a dPoW/PoW coin that uses the Equihash hashing algorithm. Its genesis date was September 13th, 2016. Komodo’s total supply is 141,262,234 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 official message board for Komodo is blog.komodoplatform.com. The official website for Komodo is komodoplatform.com. 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 is a privacy-centric cryptocurrency that combines the anonymity of ZCash with the security of Bitcoin. Using a new consensus mechanism developed by the Komodo team, delayed Proof of Work, Komodo blocks can be notarized using the Bitcoin blockchain. KMD is issued through an Equihash-based PoW protocol, and the new block information is sent to pre-voted notary nodes. These nodes insert the Komodo block information on the BTC blockchain by creating a custom transaction. This system ensures that in order to “hack” komodo, one would have to rewrite both chains. Komodo uses Zero Knowledge Proofs to provide 100% anonymous transactions, that are now secured with Bitcoin’s hash rate. Telegram, Discord, YouTube, Reddit, Github”

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

KMD/USD price chart by TradingView