IOTA (MIOTA) Price Reaches $0.12 on Top Exchanges

IOTA (MIOTA) traded down 1.9% against the U.S. dollar during the 1-day period ending at 12:00 PM ET on October 21st. One IOTA coin can now be purchased for about $0.12 or 0.00000181 BTC on cryptocurrency exchanges. During the last week, IOTA has traded down 5.7% against the U.S. dollar. IOTA has a market capitalization of $422.09 million and $13.69 million worth of IOTA was traded on exchanges in the last day.

Here’s how related cryptocurrencies have performed during the last day:

• Creditcoin (CTC) traded 2.5% lower against the dollar and now trades at $0.41 or 0.00000609 BTC.
• Pax Dollar (USDP) traded down 0% against the dollar and now trades at $1.00 or 0.00001492 BTC.
• Electroneum (ETN) traded down 0.1% against the dollar and now trades at $0.0022 or 0.00000003 BTC.
• Verasity (VRA) traded down 3.5% against the dollar and now trades at $0.0029 or 0.00000004 BTC.
• Meter Governance (MTRG) traded 5.4% lower against the dollar and now trades at $0.37 or 0.00000557 BTC.
• The Transfer Token (TTT) traded 25.7% lower against the dollar and now trades at $0.0037 or 0.00000006 BTC.
• SOLVE (SOLVE) traded 2.4% lower against the dollar and now trades at $0.0086 or 0.00000013 BTC.

About IOTA

IOTA uses the hashing algorithm. It was first traded on November 25th, 2015. IOTA’s total supply is 3,478,295,661 coins. 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. IOTA’s official Twitter account is @iota and its Facebook page is accessible 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 possible to purchase alternative cryptocurrencies such as IOTA directly using U.S. dollars. Investors seeking to trade IOTA should first purchase Ethereum or Bitcoin using an exchange that deals in U.S. dollars such as GDAX, Gemini 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