Komodo Market Cap Hits $4.84 Million (KMD)

Komodo (KMD) traded 22.4% lower against the dollar during the 24-hour period ending at 8:00 AM E.T. on June 9th. In the last week, Komodo has traded up 634% against the dollar. Komodo has a total market capitalization of $4.84 million and approximately $3.14 worth of Komodo was traded on exchanges in the last 24 hours. One Komodo coin can now be bought for about $0.0356 or 0.00000057 BTC on popular exchanges.

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

• Zcash (ZEC) traded up 12.8% against the dollar and now trades at $475.37 or 0.00757482 BTC.
• Horizen (ZEN) traded up 0.3% against the dollar and now trades at $4.46 or 0.00007114 BTC.
• Pirate Chain (ARRR) traded 0.9% higher against the dollar and now trades at $0.28 or 0.00000443 BTC.
• Bitcoin Gold (BTG) traded up 30.2% against the dollar and now trades at $0.34 or 0.00000539 BTC.
• ZClassic (ZCL) traded down 7.5% against the dollar and now trades at $0.17 or 0.00000263 BTC.

About Komodo

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 141,262,234 coins and its circulating supply is 135,953,876 coins. 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. Komodo’s official message board is blog.komodoplatform.com. Komodo’s official website is komodoplatform.com.

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”

Komodo Coin Trading

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 Bitcoin or Ethereum using an exchange that deals in U.S. dollars such as Changelly, Gemini or Coinbase. Investors can then use their newly-acquired Bitcoin or Ethereum to purchase Komodo using one of the exchanges listed above.

KMD/USD price chart by TradingView