IOTA (MIOTA) 24 Hour Trading Volume Hits $5.74 Million

IOTA (MIOTA) traded 2.9% lower against the US dollar during the 1-day period ending at 0:00 AM Eastern on November 2nd. IOTA has a market capitalization of $376.00 million and $5.74 million worth of IOTA was traded on exchanges in the last day. Over the last week, IOTA has traded down 2.1% against the US dollar. One IOTA coin can currently be purchased for about $0.11 or 0.00000157 BTC on major exchanges.

Here is how similar cryptocurrencies have performed over the last day:

• Creditcoin (CTC) traded up 7.9% against the dollar and now trades at $0.40 or 0.00000588 BTC.
• Pax Dollar (USDP) traded 0% lower against the dollar and now trades at $1.00 or 0.00001457 BTC.
• Electroneum (ETN) traded down 4.4% against the dollar and now trades at $0.0020 or 0.00000003 BTC.
• Verasity (VRA) traded down 3.2% against the dollar and now trades at $0.0025 or 0.00000004 BTC.
• Meter Governance (MTRG) traded 1.1% higher against the dollar and now trades at $0.25 or 0.00000358 BTC.
• The Transfer Token (TTT) traded down 25.7% against the dollar and now trades at $0.0037 or 0.00000006 BTC.
• SOLVE (SOLVE) traded 9.8% lower against the dollar and now trades at $0.0070 or 0.00000010 BTC.

About IOTA

IOTA (MIOTA) uses the hashing algorithm. Its genesis date was November 25th, 2015. IOTA’s total supply is 3,497,433,380 coins. The official website for IOTA is www.iota.org. 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.

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 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 Gemini, Changelly or GDAX. 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