IOTA Price Tops $0.11 (MIOTA)

IOTA (MIOTA) traded 1.2% lower against the US dollar during the 24 hour period ending at 16:00 PM E.T. on November 1st. Over the last seven days, IOTA has traded down 2.9% against the US dollar. IOTA has a market cap of $386.36 million and $6.50 million worth of IOTA was traded on exchanges in the last day. One IOTA coin can currently be purchased for approximately $0.11 or 0.00000160 BTC on popular exchanges.

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

• Creditcoin (CTC) traded 1% higher against the dollar and now trades at $0.38 or 0.00000542 BTC.
• Pax Dollar (USDP) traded down 0% against the dollar and now trades at $1.00 or 0.00001445 BTC.
• Electroneum (ETN) traded up 3.7% against the dollar and now trades at $0.0021 or 0.00000003 BTC.
• Verasity (VRA) traded 0% higher against the dollar and now trades at $0.0025 or 0.00000004 BTC.
• Meter Governance (MTRG) traded 5.4% lower against the dollar and now trades at $0.25 or 0.00000357 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 down 1.4% against the dollar and now trades at $0.0077 or 0.00000011 BTC.

About IOTA

MIOTA uses the hashing algorithm. It launched on November 25th, 2015. IOTA’s total supply is 3,497,433,380 coins. IOTA’s official Twitter account is @iota and its Facebook page is accessible here. IOTA’s official message board 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.

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