IOTA (MIOTA) Trading 8.7% Lower This Week

IOTA (MIOTA) traded down 1.4% against the U.S. dollar during the 24 hour period ending at 21:00 PM ET on November 4th. IOTA has a market cap of $366.06 million and $6.80 million worth of IOTA was traded on exchanges in the last 24 hours. One IOTA coin can currently be purchased for approximately $0.10 or 0.00000154 BTC on exchanges. During the last seven days, IOTA has traded down 8.7% against the U.S. dollar.

Here’s how related cryptocurrencies have performed during the last 24 hours:

• Creditcoin (CTC) traded down 0.7% against the dollar and now trades at $0.37 or 0.00000544 BTC.
• Pax Dollar (USDP) traded 0.1% higher against the dollar and now trades at $1.00 or 0.00001472 BTC.
• Electroneum (ETN) traded down 1.5% against the dollar and now trades at $0.0019 or 0.00000003 BTC.
• Verasity (VRA) traded up 1.9% against the dollar and now trades at $0.0025 or 0.00000004 BTC.
• The Transfer Token (TTT) traded 25.7% lower against the dollar and now trades at $0.0037 or 0.00000006 BTC.
• Meter Governance (MTRG) traded 1.6% higher against the dollar and now trades at $0.24 or 0.00000349 BTC.
• SOLVE (SOLVE) traded 0.9% lower against the dollar and now trades at $0.0070 or 0.00000010 BTC.

IOTA Coin Profile

IOTA uses the hashing algorithm. It was first traded on November 25th, 2015. IOTA’s total supply is 3,497,433,380 coins. The official message board for IOTA is forum.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 website for IOTA is www.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 presently possible to buy alternative cryptocurrencies such as IOTA directly using US dollars. Investors seeking to trade IOTA should first buy Ethereum or Bitcoin using an exchange that deals in US dollars such as Changelly, Gemini or GDAX. Investors can then use their newly-acquired Ethereum or Bitcoin to buy IOTA using one of the exchanges listed above.

MIOTA/USD price chart by TradingView