IOTA Reaches 24-Hour Trading Volume of $7.53 Million (MIOTA)

IOTA (MIOTA) traded 2.5% lower against the dollar during the 1-day period ending at 14:00 PM E.T. on October 23rd. One IOTA coin can currently be bought for $0.12 or 0.00000175 BTC on exchanges. In the last week, IOTA has traded 5.4% lower against the dollar. IOTA has a market capitalization of $401.97 million and approximately $7.53 million worth of IOTA was traded on exchanges in the last day.

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

• Creditcoin (CTC) traded down 1.7% against the dollar and now trades at $0.39 or 0.00000596 BTC.
• Pax Dollar (USDP) traded down 0% against the dollar and now trades at $1.00 or 0.00001518 BTC.
• Electroneum (ETN) traded 1.7% lower against the dollar and now trades at $0.0021 or 0.00000003 BTC.
• Verasity (VRA) traded 9.1% lower against the dollar and now trades at $0.0026 or 0.00000004 BTC.
• Meter Governance (MTRG) traded 0.5% lower against the dollar and now trades at $0.32 or 0.00000489 BTC.
• The Transfer Token (TTT) traded 25.7% lower against the dollar and now trades at $0.0037 or 0.00000006 BTC.
• SOLVE (SOLVE) traded 3.1% lower against the dollar and now trades at $0.0086 or 0.00000013 BTC.

About IOTA

IOTA (MIOTA) uses the hashing algorithm. Its launch date was November 25th, 2015. IOTA’s total supply is 3,478,295,661 coins. IOTA’s official website 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. The Reddit community for IOTA is https://reddit.com/r/iota and the currency’s Github account can be viewed 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.”

IOTA Coin Trading

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

MIOTA/USD price chart by TradingView