IOTA (MIOTA) Price Down 10% Over Last Week

IOTA (MIOTA) traded 3% lower against the US dollar during the one day period ending at 18:00 PM E.T. on July 28th. One IOTA coin can currently be purchased for about $0.16 or 0.00000238 BTC on popular exchanges. IOTA has a market cap of $545.85 million and approximately $5.30 million worth of IOTA was traded on exchanges in the last 24 hours. During the last week, IOTA has traded down 10% against the US dollar.

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

• Creditcoin (CTC) traded down 2.1% against the dollar and now trades at $0.50 or 0.00000738 BTC.
• Pax Dollar (USDP) traded 0% lower against the dollar and now trades at $1.00 or 0.00001467 BTC.
• Electroneum (ETN) traded up 0.5% against the dollar and now trades at $0.0024 or 0.00000004 BTC.
• Verasity (VRA) traded down 6.4% against the dollar and now trades at $0.0034 or 0.00000005 BTC.
• Meter Governance (MTRG) traded 2.9% lower against the dollar and now trades at $0.67 or 0.00000982 BTC.
• The Transfer Token (TTT) traded 16.5% lower against the dollar and now trades at $0.0050 or 0.00000007 BTC.
• SOLVE (SOLVE) traded down 1.6% against the dollar and now trades at $0.0108 or 0.00000016 BTC.

IOTA Coin Profile

IOTA uses the hashing algorithm. It launched on November 25th, 2015. IOTA’s total supply is 3,363,469,350 coins. 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. IOTA’s official website is www.iota.org. 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 US dollars. Investors seeking to trade IOTA should first purchase Bitcoin or Ethereum using an exchange that deals in US dollars such as Gemini, GDAX or Coinbase. 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