Komodo (KMD) Price Prediction 2023-2030: Will KMD Price Hit $ 0.7 Soon?

• Bullish Komodo (KMD) price prediction ranges from $0.4 to $0.7
• Analysis suggests that the KMD price might reach above $0.68.
• The KMD bearish market price prediction for 2023 is $0.1775.

What is Komodo (KMD)?

Komodo is an open-source technology provider that provides the infrastructure and tools for the new decentralized financial system. With Komodo, anyone has the capability of launching a branded decentralized exchange, cross-protocol financial applications, and independent blockchains.  

The project’s flagship end-user application is Komodo Wallet (formerly AtomicDEX). It is a non-custodial multi-coin wallet, crypto bridge, and DEX rolled into one app. Being compatible with 99% of cryptocurrencies, Komodo Wallet offers the widest cross-chain, cross-protocol trading support of any decentralized exchange.

Komodo Wallet’s DEX feature is built using a peer-to-peer (P2P) atomic swap protocol with decentralized order books. Developers use the open-source Komodo DeFi Framework to build cross-protocol DEXs, multi-coin non-custodial wallets, initial DEX offering (IDO) portals, and other decentralized applications.

As the third-generation application of Komodo’s atomic swap technology, Komodo first implemented Tier Nolan’s idea of atomic swap technology in 2016. Since then, Komodo has continued pioneering atomic swap technology and offers the first production-ready atomic swap DEX in the industry. 

In most cases, 0.00001 KMD is sufficient for a transaction to be confirmed within a few seconds. KMD is one of the most actively traded pairs within the Komodo Wallet..

Komodo is the creator of delayed Proof of Work (dPoW) — the industry-leading 51% attack security network. Powered by Litecoin cross-notarizations and backed by a notary node network, dPoW currently secures over 30 production blockchains. 

Komodo (KMD) Market Overview

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Analyst’s View on Komodo 

Komodo wallet elaborated on the easiness of HODLING Stablecoins in its wallets.

Komodo (KMD) Current Market Status

The maximum supply of Komodo (KMD) is 200,000,000 KMD, while its circulating supply is zero, according to CoinMarketCap. At the time of writing, KMD is trading at $0.302 representing 24 hours increase of 55.08%. The trading volume of KMD in the past 24 hours is $60,223,819 which represents a 18207.15% increase.

Some top cryptocurrency exchanges for trading KMD are Binance, Huobi, XT.COM, KuCoin, and LATOKEN. 

Now that you know KMD and its current market status, we shall discuss the price analysis of  Komodo (KMD) for 2023.

Komodo (KMD) Analysis 2023

Will the KMD blockchain’s most recent improvements, additions, and modifications help its price rise? Moreover, will the changes in the payment and crypto industry affect KMD‘s sentiment over time? Read more to find out about KMD’s  2023 price analysis.

Komodo (KMD) Price Analysis – Bollinger Bands

The Bollinger bands are a type of price envelope developed by John Bollinger. It gives a range with an upper and lower limit for the price to fluctuate. The Bollinger bands work on the principle of standard deviation and period (time). 

The upper band as shown in the chart is calculated by adding two times the standard deviation to the Simple Moving Average while the lower band is calculated by subtracting two times the standard deviation from the Simple Moving Average.

After touching the lower band KMD is currently rising above the upper band. It has crossed above the upper band, hence, KMD is extremely overbought. There is a high possibility that KMD will fall back into the Bollinger bands. However, the formation of a small green candlestick after the huge green candlestick denotes that the buying pressure is dwindling. As such, the above thesis could be justified. 

The Bollinger Band super trend denotes that KMD is currently on an uptrend. However, it is hard to adjudicate whether KMD is on an uptrend or downtrend with just a few candlesticks. Hence, this indication of an uptrend could be false. Moreover, even on previous occasions, we could see some specks of green, which was followed by a large area of red (downtrend). Therefore, this might be one of those occasions where a speck of green is followed by a period of red. 

The Bollinger band width percentile indicator shows that the bands have expanded to their fullest. It reads a value of 97.62%. Therefore, we could expect the bands to shrink and there could be less volatility in the future. 

Komodo (KMD) Price Analysis- Relative Strength Index 

The Relative Strength Index is an indicator that is used to measure whether the price of a cryptocurrency is over or undervalued. For this purpose, it has two extreme regions known as the overbought and oversold regions. 

When the RSI reads a value (>70) then the crypto is overbought, which means that due to more buying the demand has increased as such the price has also increased. On the other hand, when it is oversold, many are selling, as such, its price is undervalued.

Currently, the RSI is above the Signal line and reads a value of 77. Any RSI value of more than 70 is considered overbought. Since this was caused by the last two large candlesticks, we need to take a look at the longer time frame in order to get a proper idea of what actually happening. 

When looking at the chart above, we can see that the RSI reads a value of 58.25. Furthermore, the RSI line seems to be heading towards the overbought region. However, since the RSI is neither overbought nor oversold, we could say that the trend for KMD in the longer timeframe is strong. The Stochastic RSI reads a value of 68 and the line seems to heading towards the overbought region. 

The RSI could also be used to find out divergence. Usually, the RSI imitates the price of the cryptocurrency. For instance, when the cryptocurrency makes a higher high, the RSI on most occasions would make a higher high. However, in the event that the RSI makes a lower high, then this is a bearish divergence. 

Komodo (KMD) Price Analysis – Moving Average 

The exponential moving average is not much different from the simple moving average. The EMA gives more weightage to the present prices while the SMA equally distributes the values to the frequency. Hence, when the EMA is plotted in the graph it gives a rough idea about how the cryptocurrency has been performing in the past. 

Moreover, the 50-day EMA is considered the short-term length, and the 200-day EMA is considered the long-term.  Whenever the 50-day EMA crosses the 200-day EMA from below it is called a Golden cross, while if it crosses from above, then it is a death cross. However, in this case, we will be using the 50-day EMA as the long-term length and the 10-day EMA as the short-term length. 

When looking at the above chart, we can see that KMD is above both EMAs. This means that it is bullish. Nonetheless, the formation of a small green candlestick says that the buyers are exiting the market. Therefore, we might see KMD reaching for support at the 200-day EMA very soon. Interestingly, there’s also something else happening on the horizon. 

The 50-day EMA seems to be approaching the 200-day EMA from below, hence, there is a possibility that there could be a golden cross happening. If this happens, KMD might surge drastically. 

Komodo (KMD) Price Prediction 2023-2030 Overview

Komodo (KMD) Price Prediction 2023

When considering the chart above, we can see that KMD has been decreasing in value making lower highs and lower lows. However, currently, there is a large green spike that has been  followed by a smaller green candlestick. There is a possibility that KMD could look for support at $0.2465. If it is denied support at the aforementioned level, then it might seek support at $0.2266. In the event that KMD is not supported here, then its last option would be to seek support from $0.1768. 

In the event that the bulls take over the market, KMD has the potential to reach $0.4138. If the bulls have enough momentum to break the above-said level, then, KMD may reach $0.5254. However, the resistance at $0.5254 is quite feeble as such KMD could break that and reach $0.6790. 

When considering the weekly time frame for KMD it could be found that it is currently going through a phase of consolidation. This consolidation has been happening since the beginning of 2022. In the event, that KMD gains some momentum, there is a possibility that it could reach $0.64. However, since March 2022, KMD never tested this resistance level, hence, it would be interesting to see when and how KMD would reach the above-said resistance level. 

Komodo (KMD) Price Prediction – Resistance and Support Levels

The above chart shows how KMD fell from $0.6 to 0.15 in May 2022. Thereafter, KMD rose towards the 0.618 fib retracement level and consolidated near the 0.786 fib retracement level until November 2022. After that KMD crashed below the 8:1 Gann fan line but managed to rise above it in quick succession. It rose above the 2:1 Gann fan line and started descending below the 2:1 Gann line. Currently, KMD is testing the 4: 1 Gann fan line. 

However, since there seems to be no buying pressure for KMD, there is a high chance that KMD could slide along the 2:1 Gann fan line. 

Komodo (KMD) Price Prediction 2024

There will be Bitcoin halving in 2024, and hence we should expect a positive trend in the market due to user sentiments and the quest by investors to accumulate more of the coin. However, the year of BTC halving didn’t yield the maximum for KMD based on the previous halving. Hence, we could expect KMD to trade at a price, not below $1.62 by the end of 2024.

Komodo (KMD) Price Prediction 2025

KMD  may experience the after-effects of the Bitcoin halving and is expected to trade much higher than its 2024 price. Many trade analysts speculate that BTC halving could create a huge impact on the crypto market. Moreover, similar to many altcoins, KMD will continue to rise in 2025 forming new resistance levels. It is expected that KMD will trade beyond the $7 level.

Komodo (KMD) Price Prediction 2026

It is expected that after a long period of bull run, the bears will come into power and start negatively impacting the cryptocurrencies. During this bearish sentiment, KMD could tumble into its support regions. During this period of price correction, KMD could lose momentum and be way below its 2025 price. As such, it could be trading at $3.72 by 2026. 

Komodo (KMD) Price Prediction 2027

Naturally, traders expect a bullish market sentiment after the crypto industry was affected negatively by the bears’ claw. Moreover, the build-up to the next Bitcoin halving in 2028 could evoke excitement in traders. However, there’ll be a dip in price before the excitement will be reciprocated in KMD. As such, we could expect KMD to trade at around $6 by the end of 2027. 

Komodo (KMD) Price Prediction 2028

As the crypto community’s hope will be re-ignited looking forward to Bitcoin halving like many altcoins, KMD  may reciprocate its past behavior during the BTC halving. Hence, KMD would be trading at $8 after experiencing a considerable surge by the end of 2028. 

Komodo (KMD) Price Prediction 2029

2029 is expected to be another bull run due to the aftermath of the BTC halving. However, traders speculate that the crypto market will gradually become stable by this year. In tandem with the stable market sentiment, KMD could be trading at $16.5 by the end of 2029.

Komodo (KMD) Price Prediction 2030

After witnessing a bullish run in the market, KMD and many altcoins would show signs of consolidation and might trade sideways and move downwards for some time while experiencing minor spikes. Therefore, by the end of 2030, KMD could be trading at $14.6

Komodo (KMD) Price Prediction 2040

The long-term forecast for KMD  indicates that this altcoin could reach a new all-time high(ATH). This would be one of the key moments as HODLERS may expect to sell some of their tokens at the ATH point. 

If they start selling then KMD  could fall in value. It is expected that the average price of KMD could reach $37.21 by 2040.

Komodo (KMD) Price Prediction 2050

Since Cryptocurrency will be revered and widely accepted by most people during the 2050s, we will see the masses believe more in it. As such KMD could reach $60.

Conclusion

If investors continue showing their interest in KMD and add these tokens to their portfolio, it could continue to rise. KMD’s bullish price prediction shows that it could reach the $0.68 level. 

FAQ

Disclaimer: The views and opinions, as well as all the information shared in this price prediction, are published in good faith. Readers must do their research and due diligence. Any action taken by the reader is strictly at their own risk. Coin Edition and its affiliates will not be held liable for any direct or indirect damage or loss.