The team behind the Komodo Coin development would rather remain anonymous. However, they are very active within the crypto scene and are known to work with the SuperNET project. SuperNET is a decentralized organization that wants to bring different crypto currencies, blockchains and open source programs under one roof. On the platform the different crypto currencies should cooperate with each other instead of competing. For the benefit of the people, therefore it is also paid attention that the operability of the SuperNET is kept as simple as possible. SuperNET should combine the different advantages of all these crypto currencies and services. The idea came from the anonymous crypto developer jl777, who was annoyed that the communities that gather around the different crypto currencies did not work together.
Bitcoin profit advantages and disadvantages
The Zcash was once described by Snowden as the most secure Bitcoin profit. As a fork from a Zcash fork, the crypto currency is just as secure and offers the same anonymity. However, only the delayed proof-of-work really stands out, as does the connection to the Bitcoin. This ensures an increased level of security. This gives the KMD coin a unique selling point. It remains to be seen whether the platform will really assert itself and whether people will really start using it as a value store.
Ultimately, the project stands or falls with the Komo do platform. The coin itself is probably not as attractive as an investment. So if nobody is interested in using the platform, buying Komodo Coin is unlikely to be worthwhile. Nevertheless, the KMD Coin price has developed well lately. This shows that the stock markets are prepared to invest in the crypto currency. At the same time, you have to bear in mind that the development is not yet complete. The team is actively working on the continuation of the project, but it remains to be seen whether everything will work as the team imagined it would. It could happen that the KMD Coin could fall ill with similar problems as the Bitcoin. Proof-of-work is a very energy-intensive process that will only cost more power and computing power as it grows in size. In the event that the Bitcoin is no longer usable for any reason, the platform will have to look for an alternative.
Komodo Coin Price – Development – Forecast for Bitcoin trader
By February 2017, the price was quoted at 1 cent per coin. This may sound like little, but most Bitcoin trader started with much lower amounts. Until April, the price usually fluctuated between 1 and 1.5 cents. In May it rose to 4 cents, in June the price gained further in value, the coin cost 1 euro for the first time, in the middle of June even 2 euro. Thereafter, the value of the crypto currency fell again, at times to below 1 euro in July.
In August, the Komodo coin price rose again slightly. At the beginning of September, the crypto currency experienced a short rally, which raised the price to just under 3 euros. In September and October the exchange rate was mostly 1.5 Euro, in November again around 2 Euro. Buying Komodo Coin at the beginning of December 2017 should turn out to be worthwhile. Within a few days, investors catapulted the value of the coin to 9 euros. Thereafter, the price fell again, but traded much higher than in the previous year.
The price behavior shows that the Komodo Coin does not only follow the trends on the markets. In any case, the price is volatile and can make remarkable leaps. An investment seems to be worthwhile, because the coin could gain value again at any time. However, it is still too early to make a precise forecast.
The Komodo Coin, also called KMD for short, is one of many SuperNET building blocks and once developed out of Zcash, one of the most secure crypto currencies on the market. The Komodo crypto currency extends its code with some new technologies and an interesting binding to the Bitcoin.
Komodo Coin – What is this Bitcoin revolution?
The crypto currency originated from a scam. A fork is a separation of the blockchain of a crypto currency in which most of the code is retained. One of the functions of the KMD coin is to maintain the infrastructure of the Komodo platform. The coin development is part of the SuperNET, a network on which people can manage their assets decentrally. Among other things, a wallet will be created for this purpose, with which currencies can be exchanged directly with each other without the need for an exchange market. The coin on this wallet should be exchangeable for small fees with Bitcoin, Ether, Monero and other crypto currencies. On the Kom odo platform digital assets are managed on a self-chosen blockchain. Additionally there is the possibility to manage “pegged assets” on the platform. These secure the assets deposited on the blockchain by adapting to the value of stable fiat currencies.
Since the Komodo crypto currency originates from a Zcash fork, the coin adopts many properties that serve security and privacy. These include the “Zero-Knowledge-Proof”, in which the crypto currency can be encrypted in such a way that the recipient and sender cannot be traced from the outside. Nevertheless, the transaction arrives precisely and the correct amount of coins is sent. Complete concealment of the coins is optional; they can also be sent publicly.
A special feature of the Ethereum code
Is the “Delayed Proof-of-Work”. Over time, various algorithms have been developed which verify the scam and lead to the generation of new blocks. The blockchain of the KMD Coin uses the proven proof-of-work method such as Bitcoin and couples it to the blockchain of Bitcoin itself. This is done via the “Notary Nodes”, i.e. nodes which serve as notaries. These nodes are to be determined beforehand by the owners of the KMD coin in a free vote. The nodes bring the information of the Komodo platform to the blockchain of Bitcoin. For this the operators of the nodes are remunerated with some coins. The coupling to Bitcoin and the notary nodes make the platform more difficult to attack. Using the dPoW has the advantage of costing less for transactions than for Bitcoin. Even users of the blockchain who do not maintain any notary nodes still participate in the mining. However, the yields are then considerably lower.
Looking at the chart, the price is currently under slight downward pressure below the 100-hour SMA. The MACD is slowly moving into the bearish zone. The RSI has dropped below the 50 level and signals selling pressure. As mentioned earlier, resistance is at $1,500 an ounce, while support levels are at $1,380 and $1,360 an ounce. As with Bitcoin, Bitcoin Cash was moved from the Mt Gox account, so further selling pressure is more likely.
Ethereum Price Highlights on www.onlinebetrug.net/en/
Ether price began an upward move and moved above the $710 resistance level
There is a bullish trend line forming on onlinebetrug the hourly chart with support at $710 an ounce
Ether is currently correcting downward, but it remains at $700 and the 100 hours SMA supported
The Ethereum price is recovering against the US dollar and Bitcoin. Ether is trading above the 100 hour SMA, which is a positive sign.
Technical Indicators Signals for the Bitcoin code
After a sharp drop last week, the ether price was able to hold the support zone of $635 an ounce. The price was traded to a low of $637.88 and then began an upward move. ETH climbed higher and breached the Bitcoin code $660 and $680 resistance levels. Buyers were able to push the price above the $700 resistance and the 100-hour SMA again. These are positive signs and suggest that the price has recovered well from the $637.88 low. There is an important trend line forming on the hourly chart with support at $700. However, if this trend line breaks near $700, Ethereum could signal a trend change and lose value.
Ethereum Chart by TradingView
Ethereum Price Technical Analysis
As long as the price is above $700 and the 100-hour SMA, ETH can recover again. The MACD is slowly moving into the bearish zone. The RSI is moving towards 50 and shows a relatively balanced relationship between buyer and seller. The most important support level is found at $700, while resistance is at $740.
Ripple Price Highlights
Ripple price recovered somewhat, but fought against resistance at $0.7500
XRP has boosted support of an ascending channel and could move towards the support level of $0.6500
The Ripple price is in a declining zone.
The Bitcoin price on the 1-hour chart is still in a downward trend and is floating within a bearish trend line
Technical indicators indicate that the sell might continue.
The Bitcoin price is showing bearish momentum and may be under more selling pressure. Furthermore, another 1,000 Bitcoin was moved today on Mt Gox’s account.
Technical Indicators Signals
The 100 SMA is below the longer-term level of 200 SMA on the 1-hour chart, signaling that the path of least resistance to the downside is taking place. This suggests that the downtrend will continue. The gap between the moving averages is also widening, reflecting the sell momentum. The RSI is at the 50 level and signals a relatively balanced momentum between buyer and seller.
Bitcoin Chart from
TradingViewApparently last week’s news wasn’t strong enough to push the Bitcoin price above $10,000. We have already reported that the Mt. Gox accounts have moved, have moved and have contributed to the sellout. In addition, the largest South Korean stock exchange, Upbit, has been audited by local authorities. While the FED published a report in which the fall in prices since December 2017 is due to the introduction of the Bitcoin futures.
Bitcoin Cash Price Highlights
Bitcoin Cash Recently Recovered but Could Not Break the $1,500 Resistance
There was a breach below a triangle pattern on the hourly chart with support at $1,450 an ounce.
BCH could fall towards the support levels of $1,380 and $1,360.
BCH could drop further if support levels are breached.
Technical Indicators Signals
The weekend saw a slight rally as Bitcoin Cash moved above the $1,450 resistance. However, BCH was unable to overcome the resistance at $1,500 an ounce, which previously served as a support zone. In addition, the 100-hour SMA, currently at $1,490 an ounce, was another major hurdle for buyers. During the slide, there was a breach below a short-term triangular pattern with support at $1,450 on the hourly chart. Bitcoin Cash could further decline if the price falls below the next large supports of $1,380 and $1,360.