IOTA (MIOTA) Trading Down 10.4% Over Last Week

IOTA (MIOTA) traded down 8.1% against the U.S. dollar during the twenty-four hour period ending at 10:00 AM Eastern on February 18th. IOTA has a market capitalization of $791.93 million and approximately $26.82 million worth of IOTA was traded on exchanges in the last 24 hours. In the last week, IOTA has traded down 10.4% against the U.S. dollar. One IOTA coin can currently be purchased for about $0.22 or 0.00000228 BTC on cryptocurrency exchanges.

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

• Creditcoin (CTC) traded 6.5% lower against the dollar and now trades at $0.76 or 0.00000796 BTC.
• Pax Dollar (USDP) traded 0.1% lower against the dollar and now trades at $1.00 or 0.00001045 BTC.
• Electroneum (ETN) traded down 7.1% against the dollar and now trades at $0.0022 or 0.00000002 BTC.
• Verasity (VRA) traded down 6.8% against the dollar and now trades at $0.0024 or 0.00000003 BTC.
• The Transfer Token (TTT) traded 0% lower against the dollar and now trades at $0.0037 or 0.00000004 BTC.
• Meter Governance (MTRG) traded 11.5% lower against the dollar and now trades at $0.16 or 0.00000169 BTC.
• SOLVE (SOLVE) traded 12.9% lower against the dollar and now trades at $0.0018 or 0.00000002 BTC.

IOTA Coin Profile

IOTA (MIOTA) uses the hashing algorithm. It was first traded on November 25th, 2015. IOTA’s total supply is 3,631,397,410 coins. The Reddit community for IOTA is https://reddit.com/r/iota and the currency’s Github account can be viewed here. IOTA’s official Twitter account is @iota and its Facebook page is accessible here. The official message board for IOTA is forum.iota.org. IOTA’s official website 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 currently 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 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