IOTA Trading 1.7% Lower This Week (MIOTA)

IOTA (MIOTA) traded up 2.2% against the U.S. dollar during the 24-hour period ending at 7:00 AM ET on February 6th. IOTA has a market capitalization of $771.90 million and $11.89 million worth of IOTA was traded on exchanges in the last day. In the last seven days, IOTA has traded down 1.7% against the U.S. dollar. One IOTA coin can currently be purchased for $0.25 or 0.00000579 BTC on popular cryptocurrency exchanges.

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

  • Pax Dollar (USDP) traded 0% higher against the dollar and now trades at $1.00 or 0.00002335 BTC.
  • Creditcoin (CTC) traded 2.8% higher against the dollar and now trades at $0.50 or 0.00001171 BTC.
  • Meter Governance (MTRG) traded down 6.5% against the dollar and now trades at $2.41 or 0.00005622 BTC.
  • Verasity (VRA) traded 2.7% lower against the dollar and now trades at $0.0050 or 0.00000012 BTC.
  • Electroneum (ETN) traded 8% lower against the dollar and now trades at $0.0023 or 0.00000005 BTC.
  • The Transfer Token (TTT) traded 7.1% lower against the dollar and now trades at $0.0090 or 0.00000021 BTC.
  • SOLVE (SOLVE) traded 0.8% higher against the dollar and now trades at $0.0206 or 0.00000048 BTC.

IOTA Profile

MIOTA uses the hashing algorithm. Its launch date was November 25th, 2015. IOTA’s total supply is 3,114,679,008 coins. 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. The official message board for IOTA is forum.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.”

IOTA Coin Trading

It is usually not 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 Gemini, GDAX or Coinbase. Investors can then use their newly-acquired Bitcoin or Ethereum to purchase IOTA using one of the aforementioned exchanges.

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