IOTA (MIOTA) Price Down 6.1% This Week

IOTA (MIOTA) traded up 1% against the dollar during the 24-hour period ending at 0:00 AM ET on July 28th. One IOTA coin can currently be bought for $0.17 or 0.00000240 BTC on cryptocurrency exchanges. During the last seven days, IOTA has traded down 6.1% against the dollar. IOTA has a market capitalization of $559.07 million and approximately $6.32 million worth of IOTA was traded on exchanges in the last day.

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

• Creditcoin (CTC) traded 0.7% lower against the dollar and now trades at $0.50 or 0.00000727 BTC.
• Pax Dollar (USDP) traded 0.1% lower against the dollar and now trades at $1.00 or 0.00001441 BTC.
• Electroneum (ETN) traded 0.4% higher against the dollar and now trades at $0.0024 or 0.00000003 BTC.
• Verasity (VRA) traded 0.1% higher against the dollar and now trades at $0.0035 or 0.00000005 BTC.
• Meter Governance (MTRG) traded down 1% against the dollar and now trades at $0.68 or 0.00000978 BTC.
• The Transfer Token (TTT) traded down 16.5% against the dollar and now trades at $0.0050 or 0.00000007 BTC.
• SOLVE (SOLVE) traded 1.7% higher against the dollar and now trades at $0.0111 or 0.00000016 BTC.

About IOTA

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 website is www.iota.org. IOTA’s official Twitter account is @iota and its Facebook page is accessible here. 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 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 Coinbase, GDAX or Gemini. Investors can then use their newly-acquired Ethereum or Bitcoin to purchase IOTA using one of the exchanges listed above.

MIOTA/USD price chart by TradingView