IOTA Achieves Market Cap of $401.54 Million (MIOTA)

IOTA (MIOTA) traded down 2.3% against the U.S. dollar during the 24-hour period ending at 7:00 AM Eastern on October 31st. IOTA has a total market cap of $401.54 million and $6.07 million worth of IOTA was traded on exchanges in the last day. One IOTA coin can currently be bought for approximately $0.11 or 0.00000159 BTC on cryptocurrency exchanges. During the last week, IOTA has traded 0.4% lower against the U.S. dollar.

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

• Creditcoin (CTC) traded 2.2% lower against the dollar and now trades at $0.39 or 0.00000533 BTC.
• Pax Dollar (USDP) traded 0% lower against the dollar and now trades at $1.00 or 0.00001383 BTC.
• Electroneum (ETN) traded 2% higher against the dollar and now trades at $0.0020 or 0.00000003 BTC.
• Verasity (VRA) traded down 4.2% against the dollar and now trades at $0.0026 or 0.00000004 BTC.
• Meter Governance (MTRG) traded down 1.4% against the dollar and now trades at $0.26 or 0.00000356 BTC.
• The Transfer Token (TTT) traded 25.7% lower against the dollar and now trades at $0.0037 or 0.00000006 BTC.
• SOLVE (SOLVE) traded 0.5% lower against the dollar and now trades at $0.0086 or 0.00000012 BTC.

IOTA Coin Profile

IOTA (MIOTA) uses the hashing algorithm. Its genesis date was November 25th, 2015. IOTA’s total supply is 3,497,433,380 coins. The official website for IOTA is www.iota.org. 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.

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 trade IOTA should first buy Ethereum or Bitcoin using an exchange that deals in U.S. dollars such as Coinbase, Gemini or GDAX. 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