IOTA Price Hits $0.14 on Major Exchanges (MIOTA)

IOTA (MIOTA) traded up 2.9% against the dollar during the 24 hour period ending at 14:00 PM E.T. on August 22nd. In the last week, IOTA has traded 4.4% higher against the dollar. One IOTA coin can currently be purchased for about $0.14 or 0.00000232 BTC on exchanges. IOTA has a total market capitalization of $475.88 million and approximately $6.73 million worth of IOTA was traded on exchanges in the last 24 hours.

Here’s how other cryptocurrencies have performed in the last 24 hours:

• Creditcoin (CTC) traded 3.2% higher against the dollar and now trades at $0.43 or 0.00000714 BTC.
• Pax Dollar (USDP) traded up 0% against the dollar and now trades at $1.00 or 0.00001657 BTC.
• Electroneum (ETN) traded 2.5% lower against the dollar and now trades at $0.0018 or 0.00000003 BTC.
• Verasity (VRA) traded 8.4% higher against the dollar and now trades at $0.0028 or 0.00000005 BTC.
• Meter Governance (MTRG) traded 0.4% lower against the dollar and now trades at $0.51 or 0.00000847 BTC.
• The Transfer Token (TTT) traded up 0.3% against the dollar and now trades at $0.0060 or 0.00000010 BTC.
• SOLVE (SOLVE) traded up 3.1% against the dollar and now trades at $0.0111 or 0.00000018 BTC.

IOTA Profile

IOTA uses the hashing algorithm. It was first traded on November 25th, 2015. IOTA’s total supply is 3,401,744,787 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.”

Buying and Selling IOTA

It is usually not presently possible to purchase alternative cryptocurrencies such as IOTA directly using U.S. dollars. Investors seeking to trade IOTA should first purchase Bitcoin or Ethereum using an exchange that deals in U.S. dollars such as Changelly, Gemini 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