IOTA (MIOTA) Hits Market Capitalization of $656.31 Million

IOTA (MIOTA) traded down 3.2% against the U.S. dollar during the twenty-four hour period ending at 10:00 AM E.T. on March 10th. One IOTA coin can now be bought for about $0.18 or 0.00000224 BTC on cryptocurrency exchanges. IOTA has a total market cap of $656.31 million and $42.94 million worth of IOTA was traded on exchanges in the last day. During the last seven days, IOTA has traded 24.5% lower against the U.S. dollar.

Here’s how similar cryptocurrencies have performed during the last day:

• Creditcoin (CTC) traded down 7.2% against the dollar and now trades at $0.58 or 0.00000731 BTC.
• Pax Dollar (USDP) traded down 0% against the dollar and now trades at $1.00 or 0.00001254 BTC.
• Electroneum (ETN) traded down 3.8% against the dollar and now trades at $0.0019 or 0.00000002 BTC.
• Verasity (VRA) traded 10.3% lower against the dollar and now trades at $0.0014 or 0.00000002 BTC.
• The Transfer Token (TTT) traded down 0% against the dollar and now trades at $0.0037 or 0.00000004 BTC.
• Meter Governance (MTRG) traded 8% lower against the dollar and now trades at $0.0837 or 0.00000105 BTC.
• SOLVE (SOLVE) traded down 6.7% against the dollar and now trades at $0.0015 or 0.00000002 BTC.

IOTA Profile

MIOTA uses the hashing algorithm. It was first traded on November 25th, 2015. IOTA’s total supply is 3,669,672,848 coins. IOTA’s official website 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 message board is forum.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 presently 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 Gemini, GDAX 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