IOTA Price Reaches $0.22 (MIOTA)

IOTA (MIOTA) traded down 6.3% against the U.S. dollar during the 1-day period ending at 9:00 AM Eastern on February 6th. IOTA has a market capitalization of $797.72 million and approximately $38.35 million worth of IOTA was traded on exchanges in the last 24 hours. In the last week, IOTA has traded down 28.6% against the U.S. dollar. One IOTA coin can now be purchased for about $0.22 or 0.00000224 BTC on major cryptocurrency exchanges.

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

• Creditcoin (CTC) traded up 2.2% against the dollar and now trades at $0.94 or 0.00000954 BTC.
• Pax Dollar (USDP) traded 0% higher against the dollar and now trades at $1.00 or 0.00001018 BTC.
• Electroneum (ETN) traded down 2.5% against the dollar and now trades at $0.0023 or 0.00000002 BTC.
• Verasity (VRA) traded 3.4% lower against the dollar and now trades at $0.0024 or 0.00000002 BTC.
• The Transfer Token (TTT) traded down 0.5% against the dollar and now trades at $0.0037 or 0.00000004 BTC.
• Meter Governance (MTRG) traded 10.7% higher against the dollar and now trades at $0.13 or 0.00000128 BTC.
• SOLVE (SOLVE) traded down 28.7% against the dollar and now trades at $0.0017 or 0.00000002 BTC.

IOTA Coin Profile

IOTA (CRYPTO:MIOTA) uses the hashing algorithm. Its genesis date was November 25th, 2015. IOTA’s total supply is 3,631,397,410 coins. 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. IOTA’s official message board is forum.iota.org. 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 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 Gemini, Coinbase or GDAX. Investors can then use their newly-acquired Ethereum or Bitcoin to buy IOTA using one of the aforementioned exchanges.

MIOTA/USD price chart by TradingView