IOTA (MIOTA) 1-Day Volume Hits $10.59 Million

IOTA (MIOTA) traded 2.7% lower against the US dollar during the 1 day period ending at 21:00 PM ET on October 16th. One IOTA coin can now be purchased for about $0.12 or 0.00000180 BTC on popular exchanges. IOTA has a market cap of $423.89 million and $10.59 million worth of IOTA was traded on exchanges in the last 24 hours. Over the last week, IOTA has traded 3.7% higher against the US dollar.

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

• Creditcoin (CTC) traded 0.4% lower against the dollar and now trades at $0.42 or 0.00000615 BTC.
• Pax Dollar (USDP) traded 0.1% lower against the dollar and now trades at $1.00 or 0.00001478 BTC.
• Electroneum (ETN) traded up 1.2% against the dollar and now trades at $0.0022 or 0.00000003 BTC.
• Verasity (VRA) traded down 0.8% against the dollar and now trades at $0.0031 or 0.00000005 BTC.
• Meter Governance (MTRG) traded down 0.1% against the dollar and now trades at $0.41 or 0.00000605 BTC.
• The Transfer Token (TTT) traded down 25.7% against the dollar and now trades at $0.0037 or 0.00000006 BTC.
• SOLVE (SOLVE) traded up 1.6% against the dollar and now trades at $0.0087 or 0.00000013 BTC.

IOTA Coin Profile

MIOTA uses the hashing algorithm. Its launch date was November 25th, 2015. IOTA’s total supply is 3,478,295,661 coins. 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. IOTA’s official Twitter account is @iota and its Facebook page is accessible here. The official message board for IOTA is forum.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 possible to buy alternative cryptocurrencies such as IOTA directly using U.S. dollars. Investors seeking to acquire IOTA should first buy Ethereum or Bitcoin using an exchange that deals in U.S. dollars such as GDAX, Coinbase or Changelly. Investors can then use their newly-acquired Ethereum or Bitcoin to buy IOTA using one of the exchanges listed above.

MIOTA/USD price chart by TradingView