IOTA (MIOTA) Market Capitalization Achieves $639.06 Million

IOTA (MIOTA) traded 1% lower against the US dollar during the one day period ending at 10:00 AM ET on March 30th. In the last seven days, IOTA has traded down 5.9% against the US dollar. IOTA has a total market capitalization of $639.06 million and approximately $18.63 million worth of IOTA was traded on exchanges in the last 24 hours. One IOTA coin can currently be bought for approximately $0.17 or 0.00000209 BTC on exchanges.

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

• Creditcoin (CTC) traded 1.1% lower against the dollar and now trades at $0.65 or 0.00000785 BTC.
• Pax Dollar (USDP) traded down 0.1% against the dollar and now trades at $1.00 or 0.00001208 BTC.
• Electroneum (ETN) traded down 1.2% against the dollar and now trades at $0.0017 or 0.00000002 BTC.
• Verasity (VRA) traded 0.4% higher against the dollar and now trades at $0.0013 or 0.00000002 BTC.
• The Transfer Token (TTT) traded down 18.6% against the dollar and now trades at $0.0030 or 0.00000003 BTC.
• Meter Governance (MTRG) traded 2.3% higher against the dollar and now trades at $0.0912 or 0.00000110 BTC.
• SOLVE (SOLVE) traded 5% higher against the dollar and now trades at $0.0006 or 0.00000001 BTC.

IOTA Coin Profile

IOTA (MIOTA) uses the hashing algorithm. Its genesis date was November 25th, 2015. IOTA’s total supply is 3,688,810,566 coins. The official website for IOTA is www.iota.org. 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 Twitter account is @iota and its Facebook page is accessible here.

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):”

Buying and Selling IOTA

It is usually not 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 GDAX, Coinbase or Changelly. Investors can then use their newly-acquired Ethereum or Bitcoin to buy IOTA using one of the aforementioned exchanges.

MIOTA/USD price chart by TradingView