IOTA (MIOTA) 24 Hour Volume Reaches $5.74 Million

IOTA (MIOTA) traded 4.8% lower against the U.S. dollar during the twenty-four hour period ending at 7:00 AM Eastern on September 16th. During the last week, IOTA has traded 1.9% lower against the U.S. dollar. One IOTA coin can currently be purchased for about $0.12 or 0.00000207 BTC on exchanges. IOTA has a total market capitalization of $416.21 million and $5.74 million worth of IOTA was traded on exchanges in the last 24 hours.

Here’s how related cryptocurrencies have performed during the last 24 hours:

• Creditcoin (CTC) traded down 1.8% against the dollar and now trades at $0.41 or 0.00000707 BTC.
• Pax Dollar (USDP) traded 0% lower against the dollar and now trades at $1.00 or 0.00001706 BTC.
• Electroneum (ETN) traded down 7.6% against the dollar and now trades at $0.0024 or 0.00000004 BTC.
• Verasity (VRA) traded up 6.2% against the dollar and now trades at $0.0030 or 0.00000005 BTC.
• Meter Governance (MTRG) traded down 5.5% against the dollar and now trades at $0.47 or 0.00000802 BTC.
• The Transfer Token (TTT) traded 7.2% lower against the dollar and now trades at $0.0061 or 0.00000010 BTC.
• SOLVE (SOLVE) traded down 4% against the dollar and now trades at $0.0097 or 0.00000017 BTC.

About IOTA

MIOTA uses the hashing algorithm. It launched on November 25th, 2015. IOTA’s total supply is 3,420,882,505 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 website is www.iota.org. IOTA’s official message board is forum.iota.org. 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 purchase alternative cryptocurrencies such as IOTA directly using U.S. dollars. Investors seeking to acquire IOTA should first purchase Bitcoin or Ethereum using an exchange that deals in U.S. dollars such as Changelly, Gemini or GDAX. 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