IOTA Achieves Market Cap of $664.87 Million (MIOTA)

IOTA (MIOTA) traded up 0.2% against the US dollar during the 1 day period ending at 10:00 AM Eastern on March 14th. One IOTA coin can currently be purchased for approximately $0.18 or 0.00000219 BTC on popular exchanges. During the last seven days, IOTA has traded 14.6% lower against the US dollar. IOTA has a total market cap of $664.87 million and $22.47 million worth of IOTA was traded on exchanges in the last 24 hours.

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

• Creditcoin (CTC) traded 3.4% lower against the dollar and now trades at $0.62 or 0.00000744 BTC.
• Pax Dollar (USDP) traded up 0.1% against the dollar and now trades at $1.00 or 0.00001208 BTC.
• Electroneum (ETN) traded 4% higher against the dollar and now trades at $0.0019 or 0.00000002 BTC.
• Verasity (VRA) traded 0.7% lower against the dollar and now trades at $0.0017 or 0.00000002 BTC.
• The Transfer Token (TTT) traded down 0% against the dollar and now trades at $0.0037 or 0.00000004 BTC.
• Meter Governance (MTRG) traded 3.9% higher against the dollar and now trades at $0.0872 or 0.00000105 BTC.
• SOLVE (SOLVE) traded down 14.4% against the dollar and now trades at $0.0013 or 0.00000002 BTC.

About IOTA

MIOTA uses the hashing algorithm. Its launch date was November 25th, 2015. IOTA’s total supply is 3,669,672,848 coins. IOTA’s official Twitter account is @iota and its Facebook page is accessible here. 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. IOTA’s official website is www.iota.org.

According to CryptoCompare, “IOTA is an open-source distributed ledger protocol that goes 'beyond blockchain' through its core invention of the blockless ‘Tangle’. The IOTA Tangle is a quantum-proof Directed Acyclic Graph, with no fees on transactions & no fixed limit on how many transactions can be confirmed per second in the network. Instead, throughput grows in conjunction with activity in the network; the more activity, the faster the network. Unlike blockchain architecture, IOTA has no separation between users and validators; rather, validation is an intrinsic property of using the ledger, thus avoiding centralization. IOTA is initially focused on serving as the backbone of the emerging Internet-of-Things (IoT).The total supply of IOTA is (3^33 – 1) / 2 = 2,779,530,283,277,761 tokens. This value is optimized for ternary computation – it is the largest possible 33-digit ternary number:111,111,111,111,111,111,111,111,111,111,111 (base-3) = 2,779,530,283,277,761 (base-10)The total IOTA token supply was “minted” on the genesis transaction and will never change. It is now impossible for anyone to “mint” or “mine” new IOTA tokens.IOTA uses the International System of Units (or SI units):”

IOTA Coin Trading

It is usually not currently possible to buy alternative cryptocurrencies such as IOTA directly using U.S. dollars. Investors seeking to trade IOTA should first buy Bitcoin or Ethereum using an exchange that deals in U.S. dollars such as Coinbase, Changelly or Gemini. 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