Komodo Trading 4% Lower This Week (KMD)

Komodo (KMD) traded 4.2% lower against the U.S. dollar during the 1-day period ending at 7:00 AM Eastern on April 18th. Komodo has a market capitalization of $61.83 million and approximately $419,484.00 worth of Komodo was traded on exchanges in the last day. During the last seven days, Komodo has traded down 4% against the U.S. dollar. One Komodo coin can currently be purchased for approximately $0.47 or 0.00001207 BTC on major exchanges.

Here’s how related cryptocurrencies have performed during the last day:

  • Zcash (ZEC) traded down 4.3% against the dollar and now trades at $138.02 or 0.00353538 BTC.
  • Bitcoin Gold (BTG) traded 6.9% lower against the dollar and now trades at $32.90 or 0.00084261 BTC.
  • Horizen (ZEN) traded 6.7% lower against the dollar and now trades at $35.83 or 0.00091777 BTC.
  • Pirate Chain (ARRR) traded 2.9% lower against the dollar and now trades at $1.69 or 0.00004326 BTC.
  • RedFOX Labs (RFOX) traded flat against the dollar and now trades at $0.13 or 0.00000270 BTC.
  • Alchemy Pay (ACH) traded down 7.1% against the dollar and now trades at $0.0338 or 0.00000087 BTC.
  • Zel (ZEL) traded flat against the dollar and now trades at $0.15 or 0.00000252 BTC.
  • Bitcoin Private (BTCP) traded down 5% against the dollar and now trades at $2.71 or 0.00006942 BTC.
  • BitcoinZ (BTCZ) traded down 1.8% against the dollar and now trades at $0.0003 or 0.00000001 BTC.
  • TENT (TENT) traded 4.1% lower against the dollar and now trades at $0.0835 or 0.00000214 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 131,200,405 coins. The Reddit community for Komodo is /r/komodoplatform and the currency’s Github account can be viewed here. 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 official website for Komodo 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. “

Buying and Selling Komodo

It is usually not currently 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 Gemini, Coinbase or GDAX. Investors can then use their newly-acquired Bitcoin or Ethereum to purchase Komodo using one of the exchanges listed above.

Receive News & Updates for Komodo Daily - Enter your email address below to receive a concise daily summary of the latest news and updates for Komodo and related cryptocurrencies with MarketBeat.com's FREE CryptoBeat newsletter.