Komodo (KMD) Hits 24 Hour Volume of $192.95 Thousand

Komodo (KMD) traded 1% lower against the U.S. dollar during the one day period ending at 7:00 AM Eastern on November 9th. One Komodo coin can currently be bought for approximately $0.0463 or 0.00000045 BTC on exchanges. Komodo has a total market capitalization of $6.29 million and $192.95 thousand worth of Komodo was traded on exchanges in the last 24 hours. During the last seven days, Komodo has traded up 5% against the U.S. dollar.

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

• Zcash (ZEC) traded up 10.4% against the dollar and now trades at $599.22 or 0.00586394 BTC.
• Horizen (ZEN) traded up 5.1% against the dollar and now trades at $15.73 or 0.00015395 BTC.
• Pirate Chain (ARRR) traded 14.2% higher against the dollar and now trades at $0.59 or 0.00000573 BTC.
• Bitcoin Gold (BTG) traded down 12% against the dollar and now trades at $0.91 or 0.00000886 BTC.
• ZClassic (ZCL) traded up 34.6% against the dollar and now trades at $0.72 or 0.00000700 BTC.

About Komodo

Komodo is a dPoW/PoW coin that uses the Equihash hashing algorithm. It launched on September 13th, 2016. Komodo’s total supply is 141,088,973 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 website for Komodo 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.

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.”

Komodo Coin Trading

It is usually not 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 Coinbase, GDAX or Gemini. 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