IOTA Price Hits $0.23 on Exchanges (MIOTA)

IOTA (MIOTA) traded 0.5% lower against the dollar during the 24 hour period ending at 21:00 PM ET on May 6th. One IOTA coin can currently be purchased for $0.23 or 0.00000359 BTC on exchanges. During the last seven days, IOTA has traded up 0.2% against the dollar. IOTA has a total market cap of $741.35 million and $22.71 million worth of IOTA was traded on exchanges in the last day.

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

• Creditcoin (CTC) traded 3.4% higher against the dollar and now trades at $0.70 or 0.00001107 BTC.
• Pax Dollar (USDP) traded 0.1% lower against the dollar and now trades at $1.00 or 0.00001575 BTC.
• Electroneum (ETN) traded down 2.6% against the dollar and now trades at $0.0036 or 0.00000006 BTC.
• Verasity (VRA) traded down 1% against the dollar and now trades at $0.0059 or 0.00000009 BTC.
• Meter Governance (MTRG) traded 1% lower against the dollar and now trades at $1.43 or 0.00002249 BTC.
• SOLVE (SOLVE) traded down 0.2% 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.

IOTA Coin 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. 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 message board for IOTA is forum.iota.org. IOTA’s official website 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 currently 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 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