IOTA Trading 14.4% Lower Over Last 7 Days (MIOTA)

IOTA (MIOTA) traded down 4.2% against the dollar during the 24 hour period ending at 9:00 AM Eastern on January 25th. One IOTA coin can currently be purchased for $0.32 or 0.00000308 BTC on popular cryptocurrency exchanges. IOTA has a market cap of $1.16 billion and approximately $41.33 million worth of IOTA was traded on exchanges in the last day. In the last week, IOTA has traded down 14.4% against the dollar.

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

• Creditcoin (CTC) traded down 3.7% against the dollar and now trades at $1.02 or 0.00000976 BTC.
• Pax Dollar (USDP) traded up 0% against the dollar and now trades at $1.00 or 0.00000955 BTC.
• Electroneum (ETN) traded up 0.1% against the dollar and now trades at $0.0027 or 0.00000003 BTC.
• Verasity (VRA) traded down 6.6% against the dollar and now trades at $0.0034 or 0.00000003 BTC.
• Meter Governance (MTRG) traded up 3.3% against the dollar and now trades at $0.27 or 0.00000258 BTC.
• The Transfer Token (TTT) traded up 0.1% against the dollar and now trades at $0.0037 or 0.00000003 BTC.
• SOLVE (SOLVE) traded down 1.9% against the dollar and now trades at $0.0032 or 0.00000003 BTC.

About IOTA

IOTA (MIOTA) uses the hashing algorithm. Its genesis date was November 25th, 2015. IOTA’s total supply is 3,612,259,692 coins. The Reddit community for IOTA is https://reddit.com/r/iota and the currency’s Github account can be viewed here. IOTA’s official website is www.iota.org. IOTA’s official message board is forum.iota.org. IOTA’s official Twitter account is @iota and its Facebook page is accessible 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 presently 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 Changelly, Coinbase or GDAX. Investors can then use their newly-acquired Bitcoin or Ethereum to purchase IOTA using one of the exchanges listed above.

MIOTA/USD price chart by TradingView