IOTA (MIOTA) Price Hits $0.12 on Exchanges

IOTA (MIOTA) traded 3.2% higher against the U.S. dollar during the 1-day period ending at 17:00 PM ET on September 17th. During the last seven days, IOTA has traded 4.9% lower against the U.S. dollar. One IOTA coin can now be purchased for $0.12 or 0.00000205 BTC on major cryptocurrency exchanges. IOTA has a total market capitalization of $422.23 million and $5.13 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 up 1.2% against the dollar and now trades at $0.41 or 0.00000684 BTC.
• Pax Dollar (USDP) traded down 0.1% against the dollar and now trades at $1.00 or 0.00001658 BTC.
• Electroneum (ETN) traded down 1.4% against the dollar and now trades at $0.0023 or 0.00000004 BTC.
• Verasity (VRA) traded 10.3% higher against the dollar and now trades at $0.0031 or 0.00000005 BTC.
• Meter Governance (MTRG) traded down 0.7% against the dollar and now trades at $0.45 or 0.00000739 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 up 3.1% against the dollar and now trades at $0.0100 or 0.00000017 BTC.

IOTA Coin Profile

IOTA 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. The official message board for IOTA is forum.iota.org. The official website for IOTA is www.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.”

IOTA Coin Trading

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