IOTA (MIOTA) Price Hits $0.38 on Exchanges

IOTA (MIOTA) traded down 4.7% against the US dollar during the 24-hour period ending at 9:00 AM Eastern on December 16th. One IOTA coin can currently be purchased for about $0.38 or 0.00000358 BTC on major exchanges. In the last seven days, IOTA has traded down 19.7% against the US dollar. IOTA has a market cap of $1.34 billion and approximately $56.32 million worth of IOTA was traded on exchanges in the last day.

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

• Creditcoin (CTC) traded 5.7% lower against the dollar and now trades at $1.28 or 0.00001209 BTC.
• Pax Dollar (USDP) traded up 0.1% against the dollar and now trades at $1.00 or 0.00000946 BTC.
• Electroneum (ETN) traded 1.3% lower against the dollar and now trades at $0.0033 or 0.00000003 BTC.
• Verasity (VRA) traded 4.1% lower against the dollar and now trades at $0.0058 or 0.00000006 BTC.
• Meter Governance (MTRG) traded up 11% against the dollar and now trades at $0.75 or 0.00000711 BTC.
• The Transfer Token (TTT) traded 0% lower against the dollar and now trades at $0.0037 or 0.00000004 BTC.
• SOLVE (SOLVE) traded 0.8% higher against the dollar and now trades at $0.0072 or 0.00000007 BTC.

IOTA Profile

MIOTA uses the hashing algorithm. Its launch date was November 25th, 2015. IOTA’s total supply is 3,554,846,536 coins. The official message board for IOTA is forum.iota.org. IOTA’s official Twitter account is @iota and its Facebook page is accessible here. 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.

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 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, Coinbase 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