IOTA (MIOTA) Reaches Market Cap of $408.53 Million

IOTA (MIOTA) traded 1.7% lower against the U.S. dollar during the 1 day period ending at 8:00 AM Eastern on September 7th. IOTA has a market capitalization of $408.53 million and $7.35 million worth of IOTA was traded on exchanges in the last 24 hours. One IOTA coin can now be purchased for $0.12 or 0.00000219 BTC on popular cryptocurrency exchanges. Over the last seven days, IOTA has traded 4.4% lower against the U.S. dollar.

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

• Creditcoin (CTC) traded 1.7% lower against the dollar and now trades at $0.38 or 0.00000697 BTC.
• Pax Dollar (USDP) traded 0% lower against the dollar and now trades at $1.00 or 0.00001838 BTC.
• Electroneum (ETN) traded up 1.2% against the dollar and now trades at $0.0017 or 0.00000003 BTC.
• Verasity (VRA) traded down 1.4% against the dollar and now trades at $0.0025 or 0.00000005 BTC.
• The Transfer Token (TTT) traded down 0% against the dollar and now trades at $0.0065 or 0.00000011 BTC.
• Meter Governance (MTRG) traded 7.2% lower against the dollar and now trades at $0.40 or 0.00000726 BTC.
• SOLVE (SOLVE) traded down 2.1% against the dollar and now trades at $0.0103 or 0.00000019 BTC.

About IOTA

IOTA (CRYPTO:MIOTA) uses the hashing algorithm. It was first traded on November 25th, 2015. IOTA’s total supply is 3,420,882,505 coins. IOTA’s official Twitter account is @iota and its Facebook page is accessible here. 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. 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.”

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 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 aforementioned exchanges.

MIOTA/USD price chart by TradingView