IOTA Price Reaches $0.23 on Top Exchanges (MIOTA)

IOTA (MIOTA) traded down 1.5% against the U.S. dollar during the 24 hour period ending at 8:00 AM E.T. on May 5th. IOTA has a market capitalization of $733.13 million and approximately $10.41 million worth of IOTA was traded on exchanges in the last day. In the last seven days, IOTA has traded 3.5% lower against the U.S. dollar. One IOTA coin can currently be purchased for about $0.23 or 0.00000354 BTC on cryptocurrency exchanges.

Here’s how other cryptocurrencies have performed in the last day:

• Creditcoin (CTC) traded 5.4% lower against the dollar and now trades at $0.67 or 0.00001048 BTC.
• Pax Dollar (USDP) traded 0% lower against the dollar and now trades at $1.00 or 0.00001570 BTC.
• Electroneum (ETN) traded down 8.9% against the dollar and now trades at $0.0035 or 0.00000006 BTC.
• Verasity (VRA) traded down 3.3% against the dollar and now trades at $0.0059 or 0.00000009 BTC.
• Meter Governance (MTRG) traded 1.4% lower against the dollar and now trades at $1.41 or 0.00002215 BTC.
• SOLVE (SOLVE) traded down 1.4% against the dollar and now trades at $0.0192 or 0.00000030 BTC.
• The Transfer Token (TTT) traded 34.6% lower against the dollar and now trades at $0.0046 or 0.00000007 BTC.

About IOTA

MIOTA uses the hashing algorithm. It launched on November 25th, 2015. IOTA’s total supply is 3,248,643,038 coins. IOTA’s official Twitter account is @iota and its Facebook page is accessible here. IOTA’s official website is www.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 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 presently possible to buy alternative cryptocurrencies such as IOTA directly using U.S. dollars. Investors seeking to acquire IOTA should first buy Ethereum or Bitcoin using an exchange that deals in U.S. dollars such as Coinbase, Changelly or GDAX. 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