IOTA (MIOTA) Achieves Market Capitalization of $706.74 Million

IOTA (MIOTA) traded 2.3% lower against the U.S. dollar during the 24 hour period ending at 12:00 PM Eastern on May 10th. One IOTA coin can now be purchased for about $0.22 or 0.00000357 BTC on major exchanges. In the last seven days, IOTA has traded 3.1% lower against the U.S. dollar. IOTA has a total market capitalization of $706.74 million and approximately $13.10 million worth of IOTA was traded on exchanges in the last 24 hours.

Here is how related cryptocurrencies have performed in the last 24 hours:

• Creditcoin (CTC) traded down 3.9% against the dollar and now trades at $0.68 or 0.00001116 BTC.
• Pax Dollar (USDP) traded 0% lower against the dollar and now trades at $1.00 or 0.00001640 BTC.
• Electroneum (ETN) traded up 12% against the dollar and now trades at $0.0036 or 0.00000006 BTC.
• Verasity (VRA) traded down 2% against the dollar and now trades at $0.0053 or 0.00000009 BTC.
• Meter Governance (MTRG) traded down 1.4% against the dollar and now trades at $1.36 or 0.00002225 BTC.
• SOLVE (SOLVE) traded down 0.3% against the dollar and now trades at $0.0191 or 0.00000031 BTC.
• The Transfer Token (TTT) traded 0% higher against the dollar and now trades at $0.0050 or 0.00000008 BTC.

About IOTA

IOTA uses the hashing algorithm. Its launch date was November 25th, 2015. IOTA’s total supply is 3,248,643,038 coins. 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 Twitter account is @iota and its Facebook page is accessible 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 currently 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 Gemini, Coinbase 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