IOTA Achieves Market Cap of $459.59 Million (MIOTA)

IOTA (MIOTA) traded up 1.3% against the US dollar during the 24 hour period ending at 11:00 AM E.T. on August 14th. IOTA has a total market cap of $459.59 million and $9.49 million worth of IOTA was traded on exchanges in the last 24 hours. Over the last seven days, IOTA has traded up 8.5% against the US dollar. One IOTA coin can now be bought for $0.14 or 0.00000230 BTC on major exchanges.

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

• Creditcoin (CTC) traded 2.7% lower against the dollar and now trades at $0.41 or 0.00000700 BTC.
• Pax Dollar (USDP) traded down 0.1% against the dollar and now trades at $1.00 or 0.00001692 BTC.
• Electroneum (ETN) traded 3.1% lower against the dollar and now trades at $0.0020 or 0.00000003 BTC.
• Verasity (VRA) traded down 1.1% against the dollar and now trades at $0.0025 or 0.00000004 BTC.
• Meter Governance (MTRG) traded 1.3% higher against the dollar and now trades at $0.52 or 0.00000886 BTC.
• The Transfer Token (TTT) traded down 0% against the dollar and now trades at $0.0060 or 0.00000010 BTC.
• SOLVE (SOLVE) traded down 5.2% against the dollar and now trades at $0.0109 or 0.00000018 BTC.

IOTA Coin Profile

IOTA uses the hashing algorithm. It was first traded on November 25th, 2015. IOTA’s total supply is 3,382,607,068 coins. 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. IOTA’s official website 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 presently 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 Changelly, Gemini or Coinbase. Investors can then use their newly-acquired Bitcoin or Ethereum to buy IOTA using one of the exchanges listed above.

MIOTA/USD price chart by TradingView