IOTA Price Reaches $0.28 (MIOTA)

IOTA (MIOTA) traded down 5.3% against the dollar during the 24-hour period ending at 9:00 AM E.T. on January 29th. IOTA has a market capitalization of $1.02 billion and $37.14 million worth of IOTA was traded on exchanges in the last 24 hours. Over the last week, IOTA has traded down 14.5% against the dollar. One IOTA coin can now be bought for about $0.28 or 0.00000277 BTC on popular cryptocurrency exchanges.

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

• Creditcoin (CTC) traded 3.3% lower against the dollar and now trades at $0.94 or 0.00000923 BTC.
• Pax Dollar (USDP) traded up 0.1% against the dollar and now trades at $1.00 or 0.00000981 BTC.
• Electroneum (ETN) traded 8.9% lower against the dollar and now trades at $0.0027 or 0.00000003 BTC.
• Verasity (VRA) traded up 0.1% against the dollar and now trades at $0.0032 or 0.00000003 BTC.
• The Transfer Token (TTT) traded 0.3% higher against the dollar and now trades at $0.0037 or 0.00000004 BTC.
• Meter Governance (MTRG) traded 14.2% lower against the dollar and now trades at $0.21 or 0.00000208 BTC.
• SOLVE (SOLVE) traded up 14% against the dollar and now trades at $0.0029 or 0.00000003 BTC.

About IOTA

MIOTA uses the hashing algorithm. It was first traded on November 25th, 2015. IOTA’s total supply is 3,612,259,692 coins. The Reddit community for IOTA is https://reddit.com/r/iota and the currency’s Github account can be viewed here. The official website for IOTA is www.iota.org. IOTA’s official message board is forum.iota.org. IOTA’s official Twitter account is @iota and its Facebook page is accessible 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.”

IOTA Coin Trading

It is usually not possible to buy alternative cryptocurrencies such as IOTA directly using U.S. dollars. Investors seeking to acquire IOTA should first buy Ethereum or Bitcoin using an exchange that deals in U.S. dollars such as Coinbase, Changelly or GDAX. Investors can then use their newly-acquired Ethereum or Bitcoin to buy IOTA using one of the aforementioned exchanges.

MIOTA/USD price chart by TradingView