BTC$36 573.27


ETH$2 395.04




Binance Coin


USD Coin




Komodo (KMD): Steep Correction Annihilates Previous Gains

March 2020

Komodo is presently in freefall, just like the overwhelming majority of cryptocurrencies that had been flashing green for the previous two months. But the fairytale is now over as we have been looking at the sea of red throughout all markets, including KMD. This coin isn’t the one that traders would often find in news reports or price action discussions on various crypto forums. Nevertheless, it has its fair share of traction; otherwise, it wouldn’t be occupying the 73rd place in the Coinmarketcap ranks and featured on more than a dozen cryptocurrency exchanges.

Speaking of exchanges, the most significant part of KMD’s trading volume - which can’t be characterized as large, regardless of the occurrences on the market, as it averages at $4 million per day - is spread more or less evenly between Bilaxy, Binance, CoinBene, and CoinEx. This means that Komodo has no proclivity for various machinations.

Komodo’s price action from the last year

Such a modest trading volume also means that KMD can’t be characterized as a gainer of a coin. In fact, it has been continuously decreasing in value, having lost 41% over the last 12 months, and gained a miserable 0.83% during the previous 30 days. Apparently, this hasn’t been a fruitful period for the coin, though it shouldn’t be regarded as a total loser because it still has 400% all-time ROI, a feature that not all altcoins of the same class can boast.

2020 could be a good year for Komodo, fundamentally

KMD is one of the oldest cryptocurrencies around as it emerged in 2014 with a then-innovative multi-chain solution. Judging from the information on the official website, the team is working ceaselessly on the improvement of its ecosystem, particularly the Antara network that facilitates the development of end-to-end blockchain solutions.

In 2020, the Komodo team plans to introduce a number of upgrades, most notably, the new Komodo Core version, the oracles-as-a-service for Antara, and further improve the proprietary decentralized exchange dubbed AtomicDEX. These, and several more, enhancement of fundamentals would exert a positive impact on the price of KMD, which is currently tanking hard.

The situation on the charts is dire for Komodo

On the weekly time frame, KMD is severely pushed down by the bears, just a couple of weeks after it had successfully broken out of the descending triangle.

1-week KMD/USDT chart

Right now, the bulls are having the last standoff near the support level at $0.59. This level could hold, given that the selling volume remains low, but should it get breached, the price would most probably fall to last year’s bottom at $0.43 - $0.45, wiping out Komodo’s unimpressive gains completely. 

1-day KMD/USDT chart

The notion of KMD’s further downfall is supported by the emergence of a strong bearish pattern called three black crows that usually signals about the full reversal of the uptrend. If that pattern plays out to the fullest extent, the consequences for the price of Komodo could be disastrous as it may slide down to the 3-years bottom at $0.43 - $0.45 that would cause another wave of panic sell. To summarize, if you’ve been holding Komodo for the last three-to-six months, now would be a good time to think about selling the holdings because the coin appears to be on the verge of collapse.

Author: Alex Paulson for


Komodo (KMD) Is Driving Higher Prior The Update
Komodo (KMD) Is Driving Higher Prior The Update

Top Cryptocurrencies with Price Predictions

# Crypto Prediction Accuracy CVIX Price 24h 7d Market Cap 7d price change
1 Bitcoin (BTC) BTC Bitcoin predictions 74% 46 $36 573.27 0.47% -6.15% $692 773 893 848 BTC 7 days price change
2 Ethereum (ETH) ETH Ethereum predictions 68.4% 61 $2 395.04 -1.19% -16.58% $285 835 747 014 ETH 7 days price change
3 Tether (USDT) USDT Tether predictions 92% 1 $1.000293 -0.01% 0.01% $78 191 524 513 USDT 7 days price change
4 Binance Coin (BNB) BNB Binance Coin predictions 70.4% 65 $384.43 4.84% -10.35% $63 475 748 701 BNB 7 days price change
5 USD Coin (USDC) USDC USD Coin predictions 91.2% 1 $1.000240 -0.02% -0.01% $49 498 522 885 USDC 7 days price change
6 Cardano (ADA) ADA Cardano predictions 69.6% 64 $1.021485 -1.64% -17.20% $34 273 904 637 ADA 7 days price change
7 XRP (XRP) XRP XRP predictions 72.8% 53 $0.597685 -1.25% -13.61% $28 531 643 354 XRP 7 days price change
8 Solana (SOL) SOL Solana predictions 68.8% 67 $88.80 -1.31% -28.10% $27 969 104 592 SOL 7 days price change
9 Terra (LUNA) LUNA Terra predictions 63.2% 73 $51.75 -12.95% -33.42% $20 738 133 252 LUNA 7 days price change
10 Dogecoin (DOGE) DOGE Dogecoin predictions 70.4% 64 $0.139470 -1.37% -9.41% $18 503 534 354 DOGE 7 days price change
11 Polkadot (DOT) DOT Polkadot predictions 66% 68 $17.73 -0.38% -21.02% $17 511 259 626 DOT 7 days price change
12 Avalanche (AVAX) AVAX Avalanche predictions 70.4% 66 $63.16 -1.55% -17.40% $15 464 065 622 AVAX 7 days price change
13 Binance USD (BUSD) BUSD Binance USD predictions 90.8% 1 $1.000132 0.02% 0.10% $14 845 895 746 BUSD 7 days price change
14 Polygon (MATIC) MATIC Polygon predictions 64.8% 73 $1.61 2.39% -15.17% $12 008 916 581 MATIC 7 days price change
15 SHIBA INU (SHIB) SHIB SHIBA INU predictions 64.4% 68 $0.000021 0.64% -19.59% $11 390 172 652 SHIB 7 days price change

Be the first to receive Cryptocurrency Price Predictions and Forecasts daily

Get cryptocurrency price predictions, forecasts with analysis and news right to your inbox.

© 2015-2022

The usage of this website constitutes acceptance of the following legal information. Any contracts of financial instruments offered to conclude bear high risks and may result in the full loss of the deposited funds. Prior to making transactions one should get acquainted with the risks to which they relate. All the information featured on the website, including information about the cryptocurrencies and bitcoin is intended solely for informational purposes, is not a means of advertising them, and doesn't imply direct instructions for investing. Crypto Rating shall not be liable for any loss, including unlimited loss of funds, which may arise directly or indirectly from the usage of this information. The editorial staff of the website does not bear any responsibility whatsoever for the content of the comments or reviews made by the site users about cryptocurrencies. The entire responsibility for the contents rests with the authors. Reprint of the materials is available only with the permission of the editorial staff.