IOTA Market Cap Tops $412.17 Million (MIOTA)

IOTA (MIOTA) traded down 2.3% against the U.S. dollar during the 24 hour period ending at 13:00 PM ET on October 22nd. During the last week, IOTA has traded 7% lower against the U.S. dollar. One IOTA coin can now be bought for about $0.12 or 0.00000176 BTC on major cryptocurrency exchanges. IOTA has a market cap of $412.17 million and $9.19 million worth of IOTA was traded on exchanges in the last day.

Here is how other cryptocurrencies have performed during the last day:

• Creditcoin (CTC) traded down 2.4% against the dollar and now trades at $0.40 or 0.00000594 BTC.
• Pax Dollar (USDP) traded up 0% against the dollar and now trades at $1.00 or 0.00001487 BTC.
• Electroneum (ETN) traded down 0.4% against the dollar and now trades at $0.0022 or 0.00000003 BTC.
• Verasity (VRA) traded down 3.3% against the dollar and now trades at $0.0029 or 0.00000004 BTC.
• Meter Governance (MTRG) traded down 12.6% against the dollar and now trades at $0.33 or 0.00000484 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 up 2% against the dollar and now trades at $0.0089 or 0.00000013 BTC.

About IOTA

IOTA (CRYPTO:MIOTA) uses the hashing algorithm. Its genesis date was November 25th, 2015. IOTA’s total supply is 3,478,295,661 coins. The official message board for IOTA is forum.iota.org. The official website for IOTA is www.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 presently possible to buy alternative cryptocurrencies such as IOTA directly using US dollars. Investors seeking to trade IOTA should first buy 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 buy IOTA using one of the aforementioned exchanges.

MIOTA/USD price chart by TradingView