IOTA (MIOTA) Price Hits $0.11 on Major Exchanges

IOTA (MIOTA) traded 5.8% lower against the US dollar during the twenty-four hour period ending at 21:00 PM ET on October 31st. One IOTA coin can currently be bought for $0.11 or 0.00000158 BTC on major cryptocurrency exchanges. In the last seven days, IOTA has traded 5.6% lower against the US dollar. IOTA has a total market capitalization of $386.70 million and approximately $6.94 million worth of IOTA was traded on exchanges in the last day.

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

• Creditcoin (CTC) traded down 5.4% against the dollar and now trades at $0.37 or 0.00000533 BTC.
• Pax Dollar (USDP) traded down 0% against the dollar and now trades at $1.00 or 0.00001431 BTC.
• Electroneum (ETN) traded down 1.1% against the dollar and now trades at $0.0020 or 0.00000003 BTC.
• Verasity (VRA) traded down 6% against the dollar and now trades at $0.0025 or 0.00000004 BTC.
• Meter Governance (MTRG) traded 1.2% higher against the dollar and now trades at $0.26 or 0.00000370 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 down 4.8% against the dollar and now trades at $0.0077 or 0.00000011 BTC.

IOTA Coin Profile

MIOTA uses the hashing algorithm. Its launch date was November 25th, 2015. IOTA’s total supply is 3,497,433,380 coins. IOTA’s official Twitter account is @iota and its Facebook page is accessible here. IOTA’s official website 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 message board is forum.iota.org.

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 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 GDAX, Coinbase or Changelly. Investors can then use their newly-acquired Ethereum or Bitcoin to purchase IOTA using one of the aforementioned exchanges.

MIOTA/USD price chart by TradingView