IOTA One Day Trading Volume Hits $14.24 Million (MIOTA)

IOTA (MIOTA) traded 5.2% lower against the U.S. dollar during the 24-hour period ending at 9:00 AM ET on May 8th. In the last week, IOTA has traded 3.5% higher against the U.S. dollar. IOTA has a total market capitalization of $696.48 million and $14.24 million worth of IOTA was traded on exchanges in the last day. One IOTA coin can currently be bought for $0.21 or 0.00000346 BTC on major exchanges.

Here is how similar cryptocurrencies have performed in the last day:

• Creditcoin (CTC) traded down 1.5% against the dollar and now trades at $0.72 or 0.00001157 BTC.
• Pax Dollar (USDP) traded down 0% against the dollar and now trades at $1.00 or 0.00001615 BTC.
• Electroneum (ETN) traded 8.8% lower against the dollar and now trades at $0.0033 or 0.00000005 BTC.
• Verasity (VRA) traded down 8.8% against the dollar and now trades at $0.0053 or 0.00000009 BTC.
• Meter Governance (MTRG) traded 3.6% lower against the dollar and now trades at $1.38 or 0.00002227 BTC.
• SOLVE (SOLVE) traded down 0.8% against the dollar and now trades at $0.0194 or 0.00000031 BTC.
• The Transfer Token (TTT) traded down 34.6% against the dollar and now trades at $0.0046 or 0.00000007 BTC.

IOTA Profile

IOTA uses the hashing algorithm. Its launch date was November 25th, 2015. IOTA’s total supply is 3,248,643,038 coins. The official website for IOTA is www.iota.org. 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.

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 presently possible to purchase alternative cryptocurrencies such as IOTA directly using US dollars. Investors seeking to trade IOTA should first purchase Bitcoin or Ethereum using an exchange that deals in US dollars such as Gemini, Coinbase or GDAX. Investors can then use their newly-acquired Bitcoin or Ethereum to purchase IOTA using one of the aforementioned exchanges.

MIOTA/USD price chart by TradingView