Komodo Coin – Is it worth buying?

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.

Bitcoin Cash Price Technical Analysis

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.

Bitcoin, Ripple, Bitcoin Cash and Ethereum

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.