Komodo (KMD) Live Price Chart & History

Live KMD / USD Price Chart

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Price USD 18.46%
$7.489830
Price BTC
0.00058988
Volatility (7d)
2.95 %
Volatility (30d)
2.03 %
Market Cap USD
$767.2M
Market Share
Since launching at $0.115808 on 05/02/2017 Komodo has achieved a price of $7.48983, falling -15.42% in the last week alone.

Komodo Price Analysis: Predictions and Forecasts

Why buy Komodo? What is it used for?

KOMODO PLATFORM WILL HELP THE CRYPTOCURRENCY SPACE DEVELOP AND FLOURISH BY PROVIDING SECURITY TO THIRD PARTY BLOCKCHAINS, POWER APPLICATIONS WITH PRIVACY FEATURES, AND PROVIDE THE MEANS TO ACHIEVE PRICE STABILITY IN PEER-TO-PEER PAYMENT SERVICES... A bridge between the old centralized and the new decentralized financial infrastructures will help accelerate blockchain adoption. It is possible to create decentralized fiat payments by creating a decentralized cryptocurrency that is pegged to local currency. The pegged fiat currency is automatically converted into another cryptocurrency that has market value. The prices are recorded on the Komodo blockchain, and all the nodes use the information to maintain a universal price consensus of each fiat currency.
Komodo was launched in 05/02/2017. It uses the Proof of work method of consensus, and is based on the Equihash algorithm. Komodo's goals include Anonymity, Secure, Private, Untraceable, Selective transparency, Dynamic scalability, Trustless transactions between parties, Freedom of payments, Counterfeiting impossible, Fraud resistent, No single point of failure, No % based transfer costs, free to hold.

Trading Komodo : The Best Platforms to trade KMD

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  • Choice of four professional trading platforms
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Komodo Trading: How To Buy + Trade KMD

Many of the 'long tail' of cryptocurrencies are currently only available at a handful of exchanges, many of which will not accept direct US Dollar, GBP or EUR deposits. In order to make a trade, you need to:
  1. Create a Bitcoin, Litecoin or Ethereum wallet
  2. Create a Komodo wallet to recieve your coins
  3. Buy either BTC, ETH or LTC at an exchange you trust, making a deposit by bank transfer or credit card
  4. Transfer the major coin you have bought to an exchange that trades KMD
  5. Exchange your BTC, ETH or LTC for an amount of KMD, depending on the current exchange rate
  6. Move your Komodo coins from the exchange to your private wallet to protect yourself from hacks or bankcrupcy at the exchange

The downsides of trading KMD on an exchange

As you can see, the process for trading Komodo is not entirely straightforward or without risks. Exchanges are notorious for bad security and there have been several major incidents of hacking or an exchange 'going bust' with the losses to coin holders in the hundreds of millions. It is not safe to keep coins on any exchange, yet moving between exchanges or from an exchange to your wallet will incur fees.

Furthemore, its not uncommon for exchanges to go offline during periods of high volatility - means should the price of Komodo crash you may find yourself unable to trade out of the currency and into a safe haven due to their site crashing.

What's the alternative?

If you plan to trade, rather than buying to hold, we recommend trading with a CFD or forex broker. It may limit your choice of currency, but has considerable advantages:

  • The brokers are established and regulated by financial conduct authorities
  • Brokers regulated in Europe offer deposit protection: if they go bust your deposit will be refunded by the goverment (though not your open trades!)
  • Deposits and trades can be made directly in a currency you are comfortable with - USD, EUR or GBP. No need to calculate multiple exchange rates to know your profit.
  • Forex brokers are accustomed to high volatility and are better prepared for spikes of traffic. In a bear market, you should have a better chance of closing trades and getting your money out before Komodo goes to zero

You can see our list of featured trading platforms here

Will the price Komodo fall continue to rise?

It's impossible to predict for sure if Komodo is due for a crash or is headed to the moon, but this is what we do know:

  • In the past 7 days Komodo has fallen by -15.42%
  • In the past month it has lost -37.071512103452%
  • In total it has appreciated by $7.374022 since its inception, a change of 6,467.45%

Can Komodo reach, replace, pass or overtake bitcoin?

At present Komodo is trading at 0.00058988 BTC. In order to reach Bitcoin's current price of $15000 USD it would need to grow by 169,526.0%. If we assume Komodo continued to as it has in the last month - with a price change of -37.07% it would take -1.3677914162606 years just to reach Bitcoin's current price. To overtake bitcoin will take longer.

Price Targets:

If you're wondering if the price of KMD is going to take off and increase in price to a higher level we've done the math for you.
In order for Komodo to reach $10.00 it needs to increase in price by a factor of 1.34x. Given its present growth rate of -37.07% per month, it could take just 1.7 months to hit a price target of $10 USD

What is the probability of hitting $10.00 over time?

Time periodChance final price > $10Chance final price < $10
1 week15.2%84.7%
1 month30.9%69%
3 months38.7%61.2%
6 months41.9%58%
1 year44.3%55.6%
2 years45.9%54%
3 years46.7%53.2%
4 years47.1%52.8%
5 years47.4%52.5%
These probabilities are an illustration based on a Monte Carlo simulation, calculated on the past 30 days historical volatility. We make no claim for real world accuracy
In order for Komodo to reach $15.00 it needs to increase in price by a factor of 2.00x. Given its present growth rate of -37.07% per month, it could take just 4.1 months to hit a price target of $15 USD

What is the probability of hitting $15.00 over time?

Time periodChance final price > $15Chance final price < $15
1 week0.6%99.3%
1 month11.6%88.3%
3 months24.5%75.4%
6 months31.3%68.6%
1 year36.6%63.3%
2 years40.4%59.5%
3 years42.1%57.8%
4 years43.2%56.7%
5 years43.9%56%
These probabilities are an illustration based on a Monte Carlo simulation, calculated on the past 30 days historical volatility. We make no claim for real world accuracy
In order for Komodo to reach $25.00 it needs to increase in price by a factor of 3.34x. Given its present growth rate of -37.07% per month, it could take just 7.2 months to hit a price target of $25 USD

What is the probability of hitting $25.00 over time?

Time periodChance final price > $25Chance final price < $25
1 week0%99.9%
1 month1.9%98%
3 months11.5%88.4%
6 months19.9%80%
1 year27.6%72.3%
2 years33.7%66.2%
3 years36.5%63.4%
4 years38.3%61.6%
5 years39.5%60.4%
These probabilities are an illustration based on a Monte Carlo simulation, calculated on the past 30 days historical volatility. We make no claim for real world accuracy
In order for Komodo to reach $50.00 it needs to increase in price by a factor of 6.68x. Given its present growth rate of -37.07% per month, it could take just 11.3 months to hit a price target of $50 USD

What is the probability of hitting $50.00 over time?

Time periodChance final price > $50Chance final price < $50
1 week0%100%
1 month0%99.9%
3 months2.9%97%
6 months9.1%90.8%
1 year17.4%82.5%
2 years25.4%74.5%
3 years29.4%70.5%
4 years32%67.9%
5 years33.7%66.2%
These probabilities are an illustration based on a Monte Carlo simulation, calculated on the past 30 days historical volatility. We make no claim for real world accuracy
In order for Komodo to reach $100.00 it needs to increase in price by a factor of 13.35x. Given its present growth rate of -37.07% per month, it could take just 1.3 years to hit a price target of $100 USD

What is the probability of hitting $100.00 over time?

Time periodChance final price > $100Chance final price < $100
1 week0%100%
1 month0%99.9%
3 months0.5%99.4%
6 months3.4%96.5%
1 year10%89.9%
2 years18.3%81.6%
3 years23%76.9%
4 years26.1%73.8%
5 years28.4%71.5%
These probabilities are an illustration based on a Monte Carlo simulation, calculated on the past 30 days historical volatility. We make no claim for real world accuracy
In order for Komodo to reach $200.00 it needs to increase in price by a factor of 26.70x. Given its present growth rate of -37.07% per month, it could take just 1.6 years to hit a price target of $200 USD

What is the probability of hitting $200.00 over time?

Time periodChance final price > $200Chance final price < $200
1 week0%100%
1 month0%100%
3 months0%99.9%
6 months1%98.9%
1 year5.2%94.7%
2 years12.6%87.3%
3 years17.5%82.4%
4 years20.9%79%
5 years23.4%76.5%
These probabilities are an illustration based on a Monte Carlo simulation, calculated on the past 30 days historical volatility. We make no claim for real world accuracy
In order for Komodo to reach $300.00 it needs to increase in price by a factor of 40.05x. Given its present growth rate of -37.07% per month, it could take just 1.8 years to hit a price target of $300 USD

What is the probability of hitting $300.00 over time?

Time periodChance final price > $300Chance final price < $300
1 week0%100%
1 month0%100%
3 months0%99.9%
6 months0.4%99.5%
1 year3.4%96.5%
2 years9.9%90%
3 years14.7%85.2%
4 years18.1%81.8%
5 years20.8%79.1%
These probabilities are an illustration based on a Monte Carlo simulation, calculated on the past 30 days historical volatility. We make no claim for real world accuracy
In order for Komodo to reach $400.00 it needs to increase in price by a factor of 53.41x. Given its present growth rate of -37.07% per month, it could take just 2.0 years to hit a price target of $400 USD

What is the probability of hitting $400.00 over time?

Time periodChance final price > $400Chance final price < $400
1 week0%100%
1 month0%100%
3 months0%99.9%
6 months0.2%99.7%
1 year2.5%97.4%
2 years8.3%91.6%
3 years12.9%87%
4 years16.3%83.6%
5 years19%80.9%
These probabilities are an illustration based on a Monte Carlo simulation, calculated on the past 30 days historical volatility. We make no claim for real world accuracy
In order for Komodo to reach $500.00 it needs to increase in price by a factor of 66.76x. Given its present growth rate of -37.07% per month, it could take just 2.1 years to hit a price target of $500 USD

What is the probability of hitting $500.00 over time?

Time periodChance final price > $500Chance final price < $500
1 week0%100%
1 month0%100%
3 months0%99.9%
6 months0.1%99.8%
1 year1.9%98%
2 years7.1%92.8%
3 years11.6%88.3%
4 years15%84.9%
5 years17.7%82.2%
These probabilities are an illustration based on a Monte Carlo simulation, calculated on the past 30 days historical volatility. We make no claim for real world accuracy

Is Komodo a good investment? Is it safe to put my money into KMD?

No, it is not a 'good investment' to buy Komodo, and given the market volatility it is certainly not safe either. We would urge you to not to consider buying or trading Komodo as an investment but purely speculation.

It is certainly possible to profit from an increase in the value of KMD - and if you short the coin you might even profit from a crash in the market.

However with so much uncertainty in the market the best you can do is make an educated guess as to the direction of the price or the mood of the market. If you're not informed on the fundamentals that's pretty close to a gamble.

Remember, your capital is at risk.. Trading conditions can change at any time without prior notice. Buying, holding or trading is a high risk activity that may incur significant losses over a short period of time

Market Sentiment

Komodo Development + Team

There are 7 developers coding the source behind Komodo There are no sales or marketing staff on the team which could impede the coin's growth.

Komodo doesn't publish bios or social profiles of their team members, making it harder to understand who is behind the project.

The team is not active on the social media channels, which can be a troubling sign. Their blog is updated regularly with news and information on Komodo's development

.

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