IOTA (MIOTA) Hits Market Cap of $740.76 Million

IOTA (MIOTA) traded up 1% against the dollar during the 1 day period ending at 10:00 AM E.T. on May 4th. IOTA has a market cap of $740.76 million and approximately $13.14 million worth of IOTA was traded on exchanges in the last 24 hours. Over the last week, IOTA has traded 1% lower against the dollar. One IOTA coin can now be bought for about $0.23 or 0.00000358 BTC on major exchanges.

Here is how similar cryptocurrencies have performed over the last 24 hours:

• Creditcoin (CTC) traded 7.2% higher against the dollar and now trades at $0.70 or 0.00001093 BTC.
• Pax Dollar (USDP) traded 0.4% lower against the dollar and now trades at $1.00 or 0.00001571 BTC.
• Electroneum (ETN) traded 0.3% lower against the dollar and now trades at $0.0039 or 0.00000006 BTC.
• Verasity (VRA) traded up 9.9% against the dollar and now trades at $0.0061 or 0.00000010 BTC.
• Meter Governance (MTRG) traded up 3.5% against the dollar and now trades at $1.43 or 0.00002248 BTC.
• SOLVE (SOLVE) traded up 2.1% against the dollar and now trades at $0.0195 or 0.00000031 BTC.
• The Transfer Token (TTT) traded down 34.9% against the dollar and now trades at $0.0046 or 0.00000007 BTC.

IOTA Profile

IOTA (MIOTA) uses the hashing algorithm. It was first traded on November 25th, 2015. IOTA’s total supply is 3,248,643,038 coins. The official message board for IOTA is forum.iota.org. The Reddit community for IOTA is https://reddit.com/r/iota and the currency’s Github account can be viewed here. IOTA’s official Twitter account is @iota and its Facebook page is accessible here. The official website for IOTA is www.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.”

Buying and Selling IOTA

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

MIOTA/USD price chart by TradingView