Komodo Price Prediction
Best advise? Study these charts 📖
Today's ForecastsKomodo(KMD) opened trading today at $0.70. It achieved a Market high of $0.72 and a subsequent Market low of $0.67, Representing a change of $-0.02 and price percentage change of -2.61% . Its current Price is $0.68 representing a market share of 0.02% only.
A total volumn of $1,823,166 worth of Komodo traded hands today, achieving a Maximum Market Cap of $81,215,376 for the day.
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The Bull Case 🐃 for Komodo
Many people are looking to invest in digital assets (including Komodo) owing to the enormous return which they provide. Even the institutional investors are trying to invest in such assets. This is highly positive for Komodo as a platform. As the traction of the platform increases more and more, the price of the cryptocurrency would also go up. This is a huge positive for the platform in the future.
With the thrust on the digitization of assets increasing and the awareness of cryptocurrency assets also on the rise, Komodo has a lot of potential ahead. As long as the organisation is able to execute their strategy the price of the token would also keep on increasing. This will attract a lot of investors to this cryptocurrency.
Komodo is currently trading around $0.68.
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Price Predictions for Today, This Week and This Month 🚀
Critical Fundamental Analysis of Komodo
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.
KMD Trading Stats for Today - 2020-09-03 06:15:19 +01:00 BST
|Current Supply||118,662,088 KMD|
|Total Supply||200,000,000 KMD|
|24h Volume (coin)||2,663,790 KMD|
|24h Volume (currency)||$1,823,166|
|Last updated||2020-09-03 06:15:19 +01:00 BST|
Other Price Forecasts similar to Komodo(KMD) :
Common KMD Price Prediction Questions
What is Komodo’s potential future value?
KMD's future value is strongly correlated to it's Fundamental Analysis. We made this easier by giving a short concise write-up here on what Komodo is and what it does. This is because Komodo's price will only rise and make you rich if it’s doing something special e.g. Ethereum which made it possible to create simple smart contracts on the Blockchain, minted the most number of Crypto millionaires. Now ask yourself - Can KMD make you one?
What is going on with Komodo's price?
In order not to be too rattled, read our Fundamental analysis above on Komodo to know if it’s a good hodl.
How high will Komodo go?
No one really knows for sure. We however predict KMD might be 4x by end of 2020. This will depend however, on the larger crypto market 4xing as most coins whether good or not, mirror Bitcoins loses or gains. If in doubt about any coin, either BUY BTC, ETH or stay out of the market. For now!
Why is Komodo(KMD) rising today?
On a day to day basic, we do not have that information. However, look above to see our Fundamental Analysis of Komodo to see its expected value. You can also visit Komodo's website here - Visit website.
A good reason for any intra-day pump is usually partnerships, implementations of a roadmap e.g. Mainnet launch or listing on a new exchange (mega-pump).The Komodo website page will quickly provide you with that value.
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Why is Komodo's price going down?
It’s difficult to tell right now as the daily KMD candle hasn’t closed. However a quick way to know the reason for any sudden disruption in Komodo's price is to look at its social media feed to see if it released news that the market revolts at or it’s simply a red crypto day.
To view the Social sentiments for Komodo, Simple click the Social Button on this page, located immediately below the Price Charts.
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KMD Live Prices Data
Komodo Daily Price History
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