IOTA (MIOTA) Reaches Market Capitalization of $441.45 Million

IOTA (MIOTA) traded 1.1% lower against the dollar during the 24-hour period ending at 14:00 PM ET on October 15th. During the last seven days, IOTA has traded 6.4% higher against the dollar. IOTA has a total market capitalization of $441.45 million and $18.16 million worth of IOTA was traded on exchanges in the last 24 hours. One IOTA coin can currently be purchased for approximately $0.13 or 0.00000191 BTC on cryptocurrency exchanges.

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

• Creditcoin (CTC) traded up 3.8% against the dollar and now trades at $0.43 or 0.00000638 BTC.
• Pax Dollar (USDP) traded 0% higher against the dollar and now trades at $1.00 or 0.00001495 BTC.
• Electroneum (ETN) traded up 2% against the dollar and now trades at $0.0022 or 0.00000003 BTC.
• Verasity (VRA) traded down 1.6% against the dollar and now trades at $0.0032 or 0.00000005 BTC.
• Meter Governance (MTRG) traded 0.2% higher against the dollar and now trades at $0.42 or 0.00000622 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 up 1.3% against the dollar and now trades at $0.0086 or 0.00000013 BTC.

About IOTA

IOTA uses the hashing algorithm. Its genesis date was November 25th, 2015. IOTA’s total supply is 3,459,157,943 coins. IOTA’s official message board is forum.iota.org. IOTA’s official website is www.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.

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 currently possible to buy alternative cryptocurrencies such as IOTA directly using U.S. dollars. Investors seeking to acquire IOTA should first buy Bitcoin or Ethereum using an exchange that deals in U.S. dollars such as Coinbase, Changelly or GDAX. 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