Komodo (KMD) Price Prediction for 2020

KMD Price Prediction

Komodo is a fork of Zcash, which appeared in 2016. It works on Delayed Proof-of-Work, which is a peer-to-peer network of notary nodes. Komodo project is dedicated to privacy, anonymity, transparency, and adaptability. 

What are the prospects of the coin? Will the coin beat its record of $12? Find out all the information about Komodo (KMD) forecast in the new article by Changelly!

What is Komodo (KMD) about?

The origins of Komodo cryptocurrency are an anonymous developer, known under the nickname JL777, he is also called James Lee. However, there is no guarantee that this name has anything to do with his real identity. He is the main developer of this cryptocurrency. Since the project is extremely difficult to develop in conditions of total anonymity, recently completely public figures have appeared in the team.

Komodo (KMD) is a descendant of Bitcoin Dark (BTCD). Komodo blockchain is based on nodes (64), which are selected by KMD token holders and are used to authenticate Komodo blocks in the Bitcoin blockchain chain. It is this system that will help ensure Komodo transaction security. 

Any cryptocurrency can accept the dPoW (Delay Proof-of-Work) mechanism by joining the Komodo blockchain chain. DPoW associated with network nodes allows you to create personalized transactions, which are known as Atomic Swaps.

In Autumn of 2016, an ICO was held at which only bitcoins were accepted. As a result of the sale of KMD tokens, the team managed to raise $1,983,000. The amount is not remarkable, but at that time it was a very good indicator. If the creators of Komodo hodled Bitcoin until December 2017, now they should not have problems with financing.

Here are some features of Komodo project:

  • Completely anonymous or public transactions within the network; each user chooses which transfers he needs.
  • Agama cryptocurrency wallet and its supporting decentralized exchange BarterDEX.
  • Atomic swaps between different blockchains. They are implemented through a decentralized exchange and are one of the main areas of Komodo development.
  • A decentralized ICO, in which more than one smart contract is responsible for its implementation. It allows you to reduce the risks of a hacker attack and ensures the anonymity of token sale participants.
Project nameKomodo
Stock SymbolKMD
Asset TypeCoin
Network typeBlockchain
Curr. Price$0.703143
Curr. Supply / Total Supply115,935,145 KMD / 200,000,000 KMD
ROI since launch507.16%
Launch date2016
Official Websitehttps://komodoplatform.com/

Komodo Price Analysis

komodo price chart
Komodo (KMD) Price Chart since 2017

Komodo team presented its platform in June 2017. This event was the starting point in the rise in the price of the KMD cryptocurrency. 

The absolute maximum price was reached on December 21, 2017; the coin price was $11.15. 

After that moment, the coin began to fall down. Now the KMD price is $0.703143. 

Komodo Technical Analysis

Well, there is not actually any technical analysis expertise of Komodo cryptocurrency. However, here is the aggregate rating for KMD from several traders & analysts on TradingView.

Komodo Widget
Komodo (KMD) market projections on TradingView; the screenshot was taken on 09/18/19

Komodo (KMD) Price Prediction for 2020

The potential of Komodo causes certain disputes among specialists, however, most of them agree that the project is promising and in demand. Pay attention to the cryptocurrency’s commitment to the basic principles of digital money, namely anonymity, decentralization, and accessibility with a high level of security. Many analysts believe that bitcoin itself is increasingly moving away from these aspects.

As we can see below, Komodo cryptocurrency has some positive prospects. KMD may become successful in several years. Let’s

#1. DigitalCoin Bullish Price Prediction for 2020

According to DigitalCoin source, in 2020, the average rate of the coin will be more than $1

#2. TradingBeasts KMD Price Prediction for 2020

By the end of next year, the KMD coin price will be almost on the same level and worth $0.8253124.

#3. WalletInvestor Bearish Price Prediction for next year

The price of Komodo may drop from 0.717 USD to 0.296 USD by 58%. In 2020, the rate will change in a positive way. The price of 1 KMD will be $1.28

#4. CryptoGround Price Prediction for Komodo in 2020

It is Profitable to invest in Komodo (KMD) for the long term. By the long-term, the CryptoGround Team means that the Komodo forecast for a period of 5+ years. In 2020, the price will increase almost up to $1

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Disclaimer: This article should not be considered as offering trading recommendations. The cryptocurrency market suffers from high volatility and occasional arbitrary movements.  Any investor should research multiple viewpoints and be familiar with all local regulations before committing to an investment.

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