IOTA (MIOTA) Hits Market Cap of $401.70 Million

IOTA (MIOTA) traded 1.6% lower against the dollar during the one day period ending at 8:00 AM Eastern on October 24th. One IOTA coin can currently be purchased for approximately $0.12 or 0.00000172 BTC on cryptocurrency exchanges. IOTA has a total market cap of $401.70 million and $8.78 million worth of IOTA was traded on exchanges in the last 24 hours. Over the last week, IOTA has traded 2.4% lower against the dollar.

Here’s how other cryptocurrencies have performed over the last 24 hours:

• Creditcoin (CTC) traded up 0.3% against the dollar and now trades at $0.40 or 0.00000589 BTC.
• Pax Dollar (USDP) traded 0% lower against the dollar and now trades at $1.00 or 0.00001488 BTC.
• Electroneum (ETN) traded down 7.1% against the dollar and now trades at $0.0021 or 0.00000003 BTC.
• Verasity (VRA) traded down 2.9% against the dollar and now trades at $0.0027 or 0.00000004 BTC.
• Meter Governance (MTRG) traded down 8.9% against the dollar and now trades at $0.30 or 0.00000448 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 5% lower against the dollar and now trades at $0.0082 or 0.00000012 BTC.

IOTA Profile

MIOTA uses the hashing algorithm. It launched on November 25th, 2015. IOTA’s total supply is 3,478,295,661 coins. IOTA’s official Twitter account is @iota and its Facebook page is accessible here. IOTA’s official website is www.iota.org. IOTA’s official message board 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.”

Buying and Selling IOTA

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

MIOTA/USD price chart by TradingView