IOTA (MIOTA) Hits Market Capitalization of $1.42 Billion

IOTA (MIOTA) traded down 0.5% against the US dollar during the twenty-four hour period ending at 10:00 AM ET on January 17th. One IOTA coin can currently be bought for approximately $0.40 or 0.00000381 BTC on exchanges. Over the last week, IOTA has traded 24.5% higher against the US dollar. IOTA has a total market cap of $1.42 billion and $179.86 million worth of IOTA was traded on exchanges in the last 24 hours.

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

• Creditcoin (CTC) traded up 2.3% against the dollar and now trades at $1.12 or 0.00001075 BTC.
• Pax Dollar (USDP) traded down 0% against the dollar and now trades at $1.00 or 0.00000963 BTC.
• Electroneum (ETN) traded down 6.3% against the dollar and now trades at $0.0027 or 0.00000003 BTC.
• Verasity (VRA) traded up 11.5% against the dollar and now trades at $0.0047 or 0.00000005 BTC.
• Meter Governance (MTRG) traded 5.5% higher against the dollar and now trades at $0.40 or 0.00000387 BTC.
• The Transfer Token (TTT) traded up 0% against the dollar and now trades at $0.0037 or 0.00000004 BTC.
• SOLVE (SOLVE) traded up 4.8% against the dollar and now trades at $0.0042 or 0.00000004 BTC.

About IOTA

IOTA uses the hashing algorithm. It launched on November 25th, 2015. IOTA’s total supply is 3,593,121,973 coins. IOTA’s official message board 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. 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.”

Buying and Selling IOTA

It is usually not currently 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