IOTA Market Capitalization Tops $564.26 Million (MIOTA)

IOTA (MIOTA) traded down 3.1% against the U.S. dollar during the 24-hour period ending at 12:00 PM Eastern on June 29th. IOTA has a total market cap of $564.26 million and approximately $5.68 million worth of IOTA was traded on exchanges in the last 24 hours. One IOTA coin can now be purchased for approximately $0.17 or 0.00000279 BTC on popular exchanges. Over the last week, IOTA has traded down 2.8% against the U.S. dollar.

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

• Creditcoin (CTC) traded 3.7% higher against the dollar and now trades at $0.50 or 0.00000816 BTC.
• Pax Dollar (USDP) traded up 0% against the dollar and now trades at $1.00 or 0.00001642 BTC.
• Electroneum (ETN) traded 1.8% higher against the dollar and now trades at $0.0025 or 0.00000004 BTC.
• Verasity (VRA) traded 1% lower against the dollar and now trades at $0.0033 or 0.00000005 BTC.
• Meter Governance (MTRG) traded 1.3% higher against the dollar and now trades at $0.90 or 0.00001474 BTC.
• The Transfer Token (TTT) traded 28.1% higher against the dollar and now trades at $0.0065 or 0.00000011 BTC.
• SOLVE (SOLVE) traded down 2.4% against the dollar and now trades at $0.0121 or 0.00000020 BTC.

IOTA Coin Profile

IOTA (CRYPTO:MIOTA) uses the hashing algorithm. It launched on November 25th, 2015. IOTA’s total supply is 3,325,193,912 coins. IOTA’s official message board is forum.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 website for IOTA is www.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 GDAX, Coinbase or Gemini. 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