IOTA (MIOTA) 1-Day Volume Hits $10.59 Million

IOTA (MIOTA) traded down 2.7% against the U.S. dollar during the 1 day period ending at 21:00 PM Eastern on October 16th. One IOTA coin can now be bought for approximately $0.12 or 0.00000180 BTC on popular cryptocurrency exchanges. IOTA has a total market cap of $423.89 million and approximately $10.59 million worth of IOTA was traded on exchanges in the last 24 hours. During the last week, IOTA has traded up 3.7% against the U.S. dollar.

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

• Creditcoin (CTC) traded 0.4% lower against the dollar and now trades at $0.42 or 0.00000615 BTC.
• Pax Dollar (USDP) traded down 0.1% against the dollar and now trades at $1.00 or 0.00001478 BTC.
• Electroneum (ETN) traded up 1.2% against the dollar and now trades at $0.0022 or 0.00000003 BTC.
• Verasity (VRA) traded down 0.8% against the dollar and now trades at $0.0031 or 0.00000005 BTC.
• Meter Governance (MTRG) traded down 0.1% against the dollar and now trades at $0.41 or 0.00000605 BTC.
• The Transfer Token (TTT) traded 25.7% lower against the dollar and now trades at $0.0037 or 0.00000006 BTC.
• SOLVE (SOLVE) traded up 1.6% against the dollar and now trades at $0.0087 or 0.00000013 BTC.

About IOTA

IOTA uses the hashing algorithm. Its genesis date was November 25th, 2015. IOTA’s total supply is 3,478,295,661 coins. 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. IOTA’s official Twitter account is @iota and its Facebook page is accessible here. IOTA’s official message board 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.”

IOTA Coin Trading

It is usually not currently possible to purchase alternative cryptocurrencies such as IOTA directly using US dollars. Investors seeking to acquire IOTA should first purchase Bitcoin or Ethereum using an exchange that deals in US dollars such as GDAX, Changelly or Gemini. Investors can then use their newly-acquired Bitcoin or Ethereum to purchase IOTA using one of the exchanges listed above.

MIOTA/USD price chart by TradingView