IOTA Hits 24 Hour Trading Volume of $9.36 Million (MIOTA)

IOTA (MIOTA) traded 3.9% lower against the U.S. dollar during the 24-hour period ending at 16:00 PM Eastern on October 17th. During the last seven days, IOTA has traded up 0.8% against the U.S. dollar. IOTA has a market capitalization of $408.29 million and $9.36 million worth of IOTA was traded on exchanges in the last day. One IOTA coin can currently be bought for $0.12 or 0.00000175 BTC on popular cryptocurrency exchanges.

Here’s how related cryptocurrencies have performed during the last day:

• Creditcoin (CTC) traded 4.6% lower against the dollar and now trades at $0.40 or 0.00000598 BTC.
• Pax Dollar (USDP) traded down 0.1% against the dollar and now trades at $1.00 or 0.00001494 BTC.
• Electroneum (ETN) traded down 1.1% against the dollar and now trades at $0.0022 or 0.00000003 BTC.
• Verasity (VRA) traded 5.1% lower against the dollar and now trades at $0.0030 or 0.00000004 BTC.
• Meter Governance (MTRG) traded down 5.3% against the dollar and now trades at $0.39 or 0.00000580 BTC.
• The Transfer Token (TTT) traded down 25.7% against the dollar and now trades at $0.0037 or 0.00000006 BTC.
• SOLVE (SOLVE) traded 1.2% lower against the dollar and now trades at $0.0086 or 0.00000013 BTC.

IOTA Coin Profile

MIOTA uses the hashing algorithm. It launched on November 25th, 2015. IOTA’s total supply is 3,478,295,661 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 message board is forum.iota.org. 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 buy alternative cryptocurrencies such as IOTA directly using US dollars. Investors seeking to acquire IOTA should first buy Bitcoin or Ethereum using an exchange that deals in US dollars such as Coinbase, Changelly or GDAX. Investors can then use their newly-acquired Bitcoin or Ethereum to buy IOTA using one of the aforementioned exchanges.

MIOTA/USD price chart by TradingView