In this article, ChangeNOW will break down the basics of Komodo coin cryptocurrency and make a prediction on the KMD future price. We base our opinion on the current market chart analysis, opinions of cryptocurrency influencers and our own analytical projections, forming a Komodo coin price prediction as a result.
What is Komodo?
Komodo is one of the top 50 cryptocurrencies on the list if sorted by market cap. Komodo is an open-source blockchain platform that uses KMD coin for making transparent and, most importantly, private transactions. The aim of the platform is to make a fast, safe and decentralized crypto. The security of the blockchain is ensured by using the Delayed Proof of Work (implemented on the Bitcoin blockchain). There is a lot to say about Komodo developing team and the amazing projects they have started, but in this article, we will focus solemnly on KMD cryptocurrency and its future projections.
Komodo coin price prediction 2019
Cryptocurrency market is a highly volatile space, so making cryptocurrency price predictions is generally a challenging task. However, ChangeNOW made short-term and long-term Komodo coin price projections, basing our opinion on the current market state, KMD price charts and already-existing Komodo value predictions. The KMD price chart is provided below.
The beginning of 2018 was marked with a peak in Komodo coin value – if you take a close look at the chart, you will see that the crypto-coin price was well above 9 US Dollars. The peak was followed by a gradual decline in KMD value and a period of stability. When it comes to the end of 2018, the experts state that the mark of $2.62 is possible for KMD.
Generally, the prognosis for Komodo coin is quite positive. As the KMD price chart analysis shows, the coin is going to experience steady growth during the course of 2019. Sure, we cannot talk about “to the moon” situation in here, but KMD is definitely showing the potential to be quite stable. Komodo started with very high expectations about this project. No joke, the technology Komodo team uses can be named nothing but innovative. However, as we can see now, the cutting edge technology is not necessarily the rocket factor for cryptocurrency tokens.
There is another type of Komodo prognosis circling in the cryptocurrency media. This version can be called plainly bad. Wallet Investor considers Komodo a high-risk investment in the next year to come. According to their chart, KMD price can fall as low as 0.000001 USD.
Well, we would not quite like that to happen, will we?
As you can see now, in both versions of the same Komodo coin price prediction, the answer to your “is Komodo coin a good investment?” would be “no”.
ChangeNOW hopes that implementation of new technologies along with some good work from the developing team will help the coin to not only remain afloat but also prosper.
Komodo’s definite strength is in the community. Projections are projections, but look at this Tweet:
— ca333 (@0xca333) November 16, 2018