IOTA Achieves Market Capitalization of $733.98 Million (MIOTA)

IOTA (MIOTA) traded 5.5% higher against the U.S. dollar during the 1 day period ending at 0:00 AM Eastern on April 19th. One IOTA coin can now be purchased for $0.23 or 0.00000355 BTC on popular cryptocurrency exchanges. IOTA has a market capitalization of $733.98 million and $14.54 million worth of IOTA was traded on exchanges in the last 24 hours. Over the last seven days, IOTA has traded 10.2% lower against the U.S. dollar.

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

• Creditcoin (CTC) traded 1.2% higher against the dollar and now trades at $0.73 or 0.00001141 BTC.
• Pax Dollar (USDP) traded 0.1% higher against the dollar and now trades at $1.00 or 0.00001567 BTC.
• Electroneum (ETN) traded down 9.5% against the dollar and now trades at $0.0049 or 0.00000008 BTC.
• Verasity (VRA) traded up 6.6% against the dollar and now trades at $0.0060 or 0.00000009 BTC.
• Meter Governance (MTRG) traded up 5.2% against the dollar and now trades at $1.45 or 0.00002263 BTC.
• The Transfer Token (TTT) traded 0.3% higher against the dollar and now trades at $0.0081 or 0.00000013 BTC.
• SOLVE (SOLVE) traded up 4.7% against the dollar and now trades at $0.0206 or 0.00000032 BTC.

About IOTA

IOTA (CRYPTO:MIOTA) uses the hashing algorithm. It was first traded on November 25th, 2015. IOTA’s total supply is 3,229,505,319 coins. The official website for IOTA 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 Twitter account is @iota and its Facebook page is accessible here. The official message board for IOTA 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 purchase alternative cryptocurrencies such as IOTA directly using U.S. dollars. Investors seeking to acquire IOTA should first purchase Bitcoin or Ethereum using an exchange that deals in U.S. dollars such as GDAX, Coinbase or Gemini. Investors can then use their newly-acquired Bitcoin or Ethereum to purchase IOTA using one of the aforementioned exchanges.

MIOTA/USD price chart by TradingView