IOTA Trading 21.4% Lower This Week (MIOTA)

IOTA (MIOTA) traded down 10.5% against the US dollar during the twenty-four hour period ending at 10:00 AM E.T. on January 13th. IOTA has a total market capitalization of $1.08 billion and $105.62 million worth of IOTA was traded on exchanges in the last 24 hours. One IOTA coin can currently be bought for about $0.30 or 0.00000332 BTC on major exchanges. During the last week, IOTA has traded 21.4% lower against the US dollar.

Here is how similar cryptocurrencies have performed during the last 24 hours:

• Creditcoin (CTC) traded down 6.9% against the dollar and now trades at $1.00 or 0.00001113 BTC.
• Pax Dollar (USDP) traded 0% higher against the dollar and now trades at $1.00 or 0.00001107 BTC.
• Electroneum (ETN) traded up 7.4% against the dollar and now trades at $0.0030 or 0.00000003 BTC.
• Verasity (VRA) traded 10.2% lower against the dollar and now trades at $0.0036 or 0.00000004 BTC.
• Meter Governance (MTRG) traded down 5.7% against the dollar and now trades at $0.41 or 0.00000452 BTC.
• The Transfer Token (TTT) traded 19.4% higher against the dollar and now trades at $0.0037 or 0.00000004 BTC.
• SOLVE (SOLVE) traded down 10.2% against the dollar and now trades at $0.0051 or 0.00000006 BTC.

IOTA Coin Profile

IOTA (MIOTA) uses the hashing algorithm. It launched on November 25th, 2015. IOTA’s total supply is 3,593,121,973 coins. IOTA’s official message board is forum.iota.org. IOTA’s official website 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 an open-source distributed ledger protocol that goes 'beyond blockchain' through its core invention of the blockless ‘Tangle’. The IOTA Tangle is a quantum-proof Directed Acyclic Graph, with no fees on transactions & no fixed limit on how many transactions can be confirmed per second in the network. Instead, throughput grows in conjunction with activity in the network; the more activity, the faster the network. Unlike blockchain architecture, IOTA has no separation between users and validators; rather, validation is an intrinsic property of using the ledger, thus avoiding centralization. IOTA is initially focused on serving as the backbone of the emerging Internet-of-Things (IoT).The total supply of IOTA is (3^33 – 1) / 2 = 2,779,530,283,277,761 tokens. This value is optimized for ternary computation – it is the largest possible 33-digit ternary number:111,111,111,111,111,111,111,111,111,111,111 (base-3) = 2,779,530,283,277,761 (base-10)The total IOTA token supply was “minted” on the genesis transaction and will never change. It is now impossible for anyone to “mint” or “mine” new IOTA tokens.IOTA uses the International System of Units (or SI units):”

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 Gemini, Changelly or Coinbase. Investors can then use their newly-acquired Bitcoin or Ethereum to buy IOTA using one of the aforementioned exchanges.

MIOTA/USD price chart by TradingView