IOTA (MIOTA) Price Down 5% Over Last Week

IOTA (MIOTA) traded up 1.1% against the U.S. dollar during the 24 hour period ending at 20:00 PM Eastern on September 7th. One IOTA coin can now be bought for approximately $0.12 or 0.00000219 BTC on exchanges. IOTA has a total market cap of $404.94 million and $4.60 million worth of IOTA was traded on exchanges in the last 24 hours. During the last seven days, IOTA has traded down 5% against the U.S. dollar.

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

• Creditcoin (CTC) traded 1.6% higher against the dollar and now trades at $0.37 or 0.00000692 BTC.
• Pax Dollar (USDP) traded 0% higher against the dollar and now trades at $1.00 or 0.00001850 BTC.
• Electroneum (ETN) traded 6.5% higher against the dollar and now trades at $0.0018 or 0.00000003 BTC.
• Verasity (VRA) traded 1.3% lower against the dollar and now trades at $0.0024 or 0.00000004 BTC.
• The Transfer Token (TTT) traded 0% lower against the dollar and now trades at $0.0065 or 0.00000011 BTC.
• Meter Governance (MTRG) traded 0.9% higher against the dollar and now trades at $0.41 or 0.00000749 BTC.
• SOLVE (SOLVE) traded 2.4% higher against the dollar and now trades at $0.0105 or 0.00000019 BTC.

IOTA Profile

IOTA (CRYPTO:MIOTA) uses the hashing algorithm. It launched on November 25th, 2015. IOTA’s total supply is 3,420,882,505 coins. The official message board for IOTA is forum.iota.org. IOTA’s official website is www.iota.org. IOTA’s official Twitter account is @iota and its Facebook page is accessible here. 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 trade IOTA should first purchase Ethereum or Bitcoin using an exchange that deals in US dollars such as GDAX, Changelly or Coinbase. 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