IOTA (MIOTA) Tops 1-Day Trading Volume of $6.01 Million

IOTA (MIOTA) traded 2.4% lower against the U.S. dollar during the 24 hour period ending at 12:00 PM E.T. on July 28th. During the last seven days, IOTA has traded 7.7% lower against the U.S. dollar. One IOTA coin can currently be bought for $0.16 or 0.00000242 BTC on major cryptocurrency exchanges. IOTA has a total market cap of $549.97 million and $6.01 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 2% against the dollar and now trades at $0.50 or 0.00000742 BTC.
• Pax Dollar (USDP) traded up 0% against the dollar and now trades at $1.00 or 0.00001478 BTC.
• Electroneum (ETN) traded up 2% against the dollar and now trades at $0.0024 or 0.00000004 BTC.
• Verasity (VRA) traded 4.4% lower against the dollar and now trades at $0.0035 or 0.00000005 BTC.
• Meter Governance (MTRG) traded down 2.5% against the dollar and now trades at $0.67 or 0.00000995 BTC.
• The Transfer Token (TTT) traded 16.5% lower against the dollar and now trades at $0.0050 or 0.00000007 BTC.
• SOLVE (SOLVE) traded down 0.3% against the dollar and now trades at $0.0109 or 0.00000016 BTC.

IOTA Coin Profile

IOTA (CRYPTO:MIOTA) uses the hashing algorithm. It was first traded on November 25th, 2015. IOTA’s total supply is 3,363,469,350 coins. The official message board for IOTA 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. 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 buy alternative cryptocurrencies such as IOTA directly using US dollars. Investors seeking to acquire IOTA should first buy Ethereum or Bitcoin using an exchange that deals in US dollars such as GDAX, Changelly or Coinbase. Investors can then use their newly-acquired Ethereum or Bitcoin to buy IOTA using one of the aforementioned exchanges.

MIOTA/USD price chart by TradingView