IOTA (MIOTA) Price Reaches $0.18 on Exchanges

IOTA (MIOTA) traded up 3.1% against the U.S. dollar during the 24-hour period ending at 18:00 PM E.T. on July 21st. One IOTA coin can now be bought for about $0.18 or 0.00000265 BTC on major cryptocurrency exchanges. In the last week, IOTA has traded 10.1% higher against the U.S. dollar. IOTA has a total market capitalization of $602.92 million and approximately $27.47 million worth of IOTA was traded on exchanges in the last day.

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

• Creditcoin (CTC) traded 0.4% higher against the dollar and now trades at $0.54 or 0.00000788 BTC.
• Pax Dollar (USDP) traded 0.1% lower against the dollar and now trades at $1.00 or 0.00001469 BTC.
• Electroneum (ETN) traded up 2% against the dollar and now trades at $0.0024 or 0.00000003 BTC.
• Verasity (VRA) traded 0.8% lower against the dollar and now trades at $0.0040 or 0.00000006 BTC.
• Meter Governance (MTRG) traded 3.7% lower against the dollar and now trades at $0.78 or 0.00001150 BTC.
• The Transfer Token (TTT) traded down 16.5% against the dollar and now trades at $0.0050 or 0.00000007 BTC.
• SOLVE (SOLVE) traded 1.5% higher against the dollar and now trades at $0.0107 or 0.00000016 BTC.

IOTA Coin Profile

IOTA (MIOTA) uses the hashing algorithm. It launched on November 25th, 2015. IOTA’s total supply is 3,344,331,631 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 message board is forum.iota.org. 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 currently possible to purchase alternative cryptocurrencies such as IOTA directly using U.S. dollars. Investors seeking to acquire IOTA should first purchase Ethereum or Bitcoin using an exchange that deals in U.S. dollars such as GDAX, Coinbase or Changelly. Investors can then use their newly-acquired Ethereum or Bitcoin to purchase IOTA using one of the aforementioned exchanges.

MIOTA/USD price chart by TradingView