IOTA Hits Market Capitalization of $651.82 Million (MIOTA)

IOTA (MIOTA) traded 2% lower against the U.S. dollar during the twenty-four hour period ending at 10:00 AM ET on March 18th. IOTA has a total market cap of $651.82 million and approximately $20.02 million worth of IOTA was traded on exchanges in the last day. During the last week, IOTA has traded up 3.3% against the U.S. dollar. One IOTA coin can currently be purchased for $0.18 or 0.00000219 BTC on popular cryptocurrency exchanges.

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

• Creditcoin (CTC) traded down 3.2% against the dollar and now trades at $0.61 or 0.00000752 BTC.
• Pax Dollar (USDP) traded 0% higher against the dollar and now trades at $1.00 or 0.00001231 BTC.
• Electroneum (ETN) traded 4% lower against the dollar and now trades at $0.0020 or 0.00000002 BTC.
• Verasity (VRA) traded 6.8% lower against the dollar and now trades at $0.0016 or 0.00000002 BTC.
• The Transfer Token (TTT) traded down 0% against the dollar and now trades at $0.0037 or 0.00000004 BTC.
• Meter Governance (MTRG) traded up 2.2% against the dollar and now trades at $0.11 or 0.00000133 BTC.
• SOLVE (SOLVE) traded up 9.1% against the dollar and now trades at $0.0015 or 0.00000002 BTC.

IOTA Profile

IOTA (MIOTA) uses the hashing algorithm. Its launch date was November 25th, 2015. IOTA’s total supply is 3,669,672,848 coins. 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. IOTA’s official Twitter account is @iota and its Facebook page is accessible here. The official website for IOTA is www.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.”

Buying and Selling IOTA

It is usually not currently possible to buy alternative cryptocurrencies such as IOTA directly using US dollars. Investors seeking to acquire IOTA should first buy Bitcoin or Ethereum using an exchange that deals in US dollars such as Gemini, GDAX or Changelly. 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