IOTA Tops 24 Hour Trading Volume of $6.88 Million (MIOTA)

IOTA (MIOTA) traded 2.2% lower against the US dollar during the 1-day period ending at 7:00 AM ET on October 23rd. One IOTA coin can currently be purchased for $0.12 or 0.00000177 BTC on cryptocurrency exchanges. IOTA has a total market capitalization of $409.19 million and $6.88 million worth of IOTA was traded on exchanges in the last day. During the last week, IOTA has traded down 4.9% against the US dollar.

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

• Creditcoin (CTC) traded 1.8% lower against the dollar and now trades at $0.40 or 0.00000595 BTC.
• Pax Dollar (USDP) traded down 0.1% against the dollar and now trades at $1.00 or 0.00001504 BTC.
• Electroneum (ETN) traded up 2.3% against the dollar and now trades at $0.0022 or 0.00000003 BTC.
• Verasity (VRA) traded 2.7% lower against the dollar and now trades at $0.0028 or 0.00000004 BTC.
• Meter Governance (MTRG) traded up 0.6% against the dollar and now trades at $0.33 or 0.00000497 BTC.
• The Transfer Token (TTT) traded down 25.7% against the dollar and now trades at $0.0037 or 0.00000006 BTC.
• SOLVE (SOLVE) traded down 1.5% against the dollar and now trades at $0.0086 or 0.00000013 BTC.

About IOTA

MIOTA uses the hashing algorithm. It was first traded on November 25th, 2015. IOTA’s total supply is 3,478,295,661 coins. The official message board for IOTA is forum.iota.org. The official website for IOTA 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.

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 presently possible to purchase alternative cryptocurrencies such as IOTA directly using U.S. dollars. Investors seeking to acquire IOTA should first purchase Bitcoin or Ethereum using an exchange that deals in U.S. dollars such as GDAX, Gemini or Coinbase. Investors can then use their newly-acquired Bitcoin or Ethereum to purchase IOTA using one of the aforementioned exchanges.

MIOTA/USD price chart by TradingView