IOTA (MIOTA) Trading Down 8.7% This Week

IOTA (MIOTA) traded 18% higher against the dollar during the 24-hour period ending at 10:00 AM Eastern on December 24th. Over the last week, IOTA has traded 8.7% lower against the dollar. One IOTA coin can now be bought for about $0.35 or 0.00000356 BTC on cryptocurrency exchanges. IOTA has a market capitalization of $1.23 billion and approximately $83.66 million worth of IOTA was traded on exchanges in the last day.

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

• Creditcoin (CTC) traded 3.5% higher against the dollar and now trades at $1.30 or 0.00001339 BTC.
• Pax Dollar (USDP) traded 0% higher against the dollar and now trades at $1.00 or 0.00001027 BTC.
• Electroneum (ETN) traded 5.8% lower against the dollar and now trades at $0.0030 or 0.00000003 BTC.
• Verasity (VRA) traded 10.1% higher against the dollar and now trades at $0.0046 or 0.00000005 BTC.
• Meter Governance (MTRG) traded down 0.8% against the dollar and now trades at $0.58 or 0.00000590 BTC.
• The Transfer Token (TTT) traded down 0% against the dollar and now trades at $0.0037 or 0.00000004 BTC.
• SOLVE (SOLVE) traded up 11% against the dollar and now trades at $0.0069 or 0.00000007 BTC.

About IOTA

MIOTA uses the hashing algorithm. Its launch date was November 25th, 2015. IOTA’s total supply is 3,554,846,536 coins. IOTA’s official website is www.iota.org. IOTA’s official Twitter account is @iota and its Facebook page is accessible here. 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.

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 purchase alternative cryptocurrencies such as IOTA directly using US dollars. Investors seeking to trade IOTA should first purchase Bitcoin or Ethereum using an exchange that deals in US dollars such as GDAX, Gemini or Changelly. Investors can then use their newly-acquired Bitcoin or Ethereum to purchase IOTA using one of the aforementioned exchanges.

MIOTA/USD price chart by TradingView