IOTA Achieves Market Capitalization of $376.61 Million (MIOTA)

IOTA (MIOTA) traded up 5.3% against the US dollar during the twenty-four hour period ending at 16:00 PM E.T. on November 5th. Over the last seven days, IOTA has traded down 8.1% against the US dollar. One IOTA coin can currently be bought for about $0.11 or 0.00000155 BTC on exchanges. IOTA has a market cap of $376.61 million and $6.58 million worth of IOTA was traded on exchanges in the last day.

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

• Creditcoin (CTC) traded 2.1% higher against the dollar and now trades at $0.37 or 0.00000531 BTC.
• Pax Dollar (USDP) traded 0% higher against the dollar and now trades at $1.00 or 0.00001439 BTC.
• Electroneum (ETN) traded 1% lower against the dollar and now trades at $0.0019 or 0.00000003 BTC.
• Verasity (VRA) traded up 14% against the dollar and now trades at $0.0027 or 0.00000004 BTC.
• The Transfer Token (TTT) traded 25.7% lower against the dollar and now trades at $0.0037 or 0.00000006 BTC.
• Meter Governance (MTRG) traded 8.8% higher against the dollar and now trades at $0.26 or 0.00000377 BTC.
• SOLVE (SOLVE) traded up 9.9% against the dollar and now trades at $0.0076 or 0.00000011 BTC.

IOTA Coin Profile

IOTA (CRYPTO:MIOTA) uses the hashing algorithm. It was first traded on November 25th, 2015. IOTA’s total supply is 3,497,433,380 coins. IOTA’s official message board is forum.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 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 possible to buy alternative cryptocurrencies such as IOTA directly using U.S. dollars. Investors seeking to acquire IOTA should first buy Bitcoin or Ethereum using an exchange that deals in U.S. dollars such as Coinbase, Gemini or Changelly. 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