IOTA (MIOTA) Price Tops $0.22 on Top Exchanges

IOTA (MIOTA) traded 1% higher against the dollar during the one day period ending at 10:00 AM ET on May 9th. Over the last week, IOTA has traded 1.9% higher against the dollar. IOTA has a market capitalization of $708.87 million and $14.03 million worth of IOTA was traded on exchanges in the last day. One IOTA coin can currently be bought for $0.22 or 0.00000358 BTC on major exchanges.

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

• Creditcoin (CTC) traded down 2.2% against the dollar and now trades at $0.70 or 0.00001149 BTC.
• Pax Dollar (USDP) traded 0% lower against the dollar and now trades at $1.00 or 0.00001639 BTC.
• Electroneum (ETN) traded 2.3% lower against the dollar and now trades at $0.0032 or 0.00000005 BTC.
• Verasity (VRA) traded down 2.4% against the dollar and now trades at $0.0052 or 0.00000009 BTC.
• Meter Governance (MTRG) traded down 0.6% against the dollar and now trades at $1.37 or 0.00002247 BTC.
• SOLVE (SOLVE) traded down 1.1% against the dollar and now trades at $0.0191 or 0.00000031 BTC.
• The Transfer Token (TTT) traded up 9.6% against the dollar and now trades at $0.0050 or 0.00000008 BTC.

IOTA Coin Profile

IOTA 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 message board 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 currently possible to purchase alternative cryptocurrencies such as IOTA directly using US dollars. Investors seeking to acquire IOTA should first purchase Ethereum or Bitcoin using an exchange that deals in US dollars such as Coinbase, GDAX or Changelly. Investors can then use their newly-acquired Ethereum or Bitcoin to purchase IOTA using one of the exchanges listed above.

MIOTA/USD price chart by TradingView