IOTA (MIOTA) Trading 6.5% Lower Over Last Week

IOTA (MIOTA) traded down 6% against the US dollar during the twenty-four hour period ending at 9:00 AM Eastern on January 21st. IOTA has a market cap of $1.17 billion and $96.84 million worth of IOTA was traded on exchanges in the last day. One IOTA coin can currently be purchased for about $0.33 or 0.00000316 BTC on major cryptocurrency exchanges. Over the last week, IOTA has traded 6.5% lower against the US dollar.

Here is how related cryptocurrencies have performed over the last day:

• Creditcoin (CTC) traded down 2.9% against the dollar and now trades at $1.03 or 0.00000992 BTC.
• Pax Dollar (USDP) traded up 0% against the dollar and now trades at $1.00 or 0.00000965 BTC.
• Electroneum (ETN) traded 0.8% lower against the dollar and now trades at $0.0024 or 0.00000002 BTC.
• Verasity (VRA) traded 0.7% lower against the dollar and now trades at $0.0037 or 0.00000004 BTC.
• Meter Governance (MTRG) traded up 0.3% against the dollar and now trades at $0.35 or 0.00000341 BTC.
• The Transfer Token (TTT) traded 0% higher against the dollar and now trades at $0.0037 or 0.00000004 BTC.
• SOLVE (SOLVE) traded up 0.9% against the dollar and now trades at $0.0033 or 0.00000003 BTC.

IOTA Coin Profile

IOTA uses the hashing algorithm. It was first traded on November 25th, 2015. IOTA’s total supply is 3,593,121,973 coins. IOTA’s official Twitter account is @iota and its Facebook page is accessible here. The Reddit community for IOTA is https://reddit.com/r/iota and the currency’s Github account can be viewed here. The official website for IOTA is www.iota.org. IOTA’s official message board is forum.iota.org.

According to CryptoCompare, “IOTA is a distributed ledger technology that uses a structure called the Tangle to maintain a tally of token ownership between multiple nodes. This structure allows for newer transactions to verify older ones, bypassing the bottleneck caused by blockchains. The IOTA protocol is in research and has two public networks: the IOTA mainnet, which manages tokens, and Shimmer, which tests protocol updates. The IOTA was founded in 2015 by four co-founders, including David Sønstebø and Dominik Schiener, who currently serve as co-chairmen of the board of directors. One of the co-founders, Sergey Ivancheglo, resigned in 2019 but continues to provide advice as an unofficial advisor.”

IOTA Coin Trading

It is usually not currently possible to buy alternative cryptocurrencies such as IOTA directly using US dollars. Investors seeking to trade IOTA should first buy Ethereum or Bitcoin using an exchange that deals in US dollars such as Gemini, Changelly or Coinbase. Investors can then use their newly-acquired Ethereum or Bitcoin to buy IOTA using one of the exchanges listed above.

MIOTA/USD price chart by TradingView