IOTA (MIOTA) Reaches Market Cap of $543.44 Million

IOTA (MIOTA) traded down 5.1% against the dollar during the 1 day period ending at 20:00 PM ET on July 3rd. In the last week, IOTA has traded down 5.6% against the dollar. One IOTA coin can now be bought for $0.16 or 0.00000271 BTC on exchanges. IOTA has a market capitalization of $543.44 million and approximately $8.80 million worth of IOTA was traded on exchanges in the last 24 hours.

Here’s how other cryptocurrencies have performed in the last 24 hours:

• Creditcoin (CTC) traded 2% lower against the dollar and now trades at $0.47 or 0.00000785 BTC.
• Pax Dollar (USDP) traded 0.2% lower against the dollar and now trades at $1.00 or 0.00001658 BTC.
• Electroneum (ETN) traded down 8.9% against the dollar and now trades at $0.0024 or 0.00000004 BTC.
• Verasity (VRA) traded 7.8% lower against the dollar and now trades at $0.0035 or 0.00000006 BTC.
• Meter Governance (MTRG) traded down 1.1% against the dollar and now trades at $0.87 or 0.00001444 BTC.
• The Transfer Token (TTT) traded 0.4% lower against the dollar and now trades at $0.0065 or 0.00000010 BTC.
• SOLVE (SOLVE) traded 0.8% lower against the dollar and now trades at $0.0120 or 0.00000020 BTC.

About IOTA

IOTA (MIOTA) uses the hashing algorithm. It launched on November 25th, 2015. IOTA’s total supply is 3,325,193,912 coins. The Reddit community for IOTA is https://reddit.com/r/iota and the currency’s Github account can be viewed here. The official website for IOTA is www.iota.org. 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.”

Buying and Selling IOTA

It is usually not possible to buy alternative cryptocurrencies such as IOTA directly using U.S. dollars. Investors seeking to trade IOTA should first buy Bitcoin or Ethereum using an exchange that deals in U.S. dollars such as GDAX, Gemini or Changelly. Investors can then use their newly-acquired Bitcoin or Ethereum to buy IOTA using one of the exchanges listed above.

MIOTA/USD price chart by TradingView