IOTA (MIOTA) Price Hits $0.17 on Major Exchanges

IOTA (MIOTA) traded 2.1% higher against the US dollar during the twenty-four hour period ending at 20:00 PM ET on July 2nd. One IOTA coin can now be purchased for $0.17 or 0.00000277 BTC on major exchanges. Over the last seven days, IOTA has traded down 4.4% against the US dollar. IOTA has a total market cap of $571.55 million and $6.36 million worth of IOTA was traded on exchanges in the last 24 hours.

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

• Creditcoin (CTC) traded down 1.4% against the dollar and now trades at $0.48 or 0.00000773 BTC.
• Pax Dollar (USDP) traded 0.1% higher against the dollar and now trades at $1.00 or 0.00001616 BTC.
• Electroneum (ETN) traded up 3.8% against the dollar and now trades at $0.0027 or 0.00000004 BTC.
• Verasity (VRA) traded up 10.9% against the dollar and now trades at $0.0037 or 0.00000006 BTC.
• Meter Governance (MTRG) traded 0.3% higher against the dollar and now trades at $0.88 or 0.00001419 BTC.
• The Transfer Token (TTT) traded down 0.4% against the dollar and now trades at $0.0065 or 0.00000010 BTC.
• SOLVE (SOLVE) traded up 0.1% against the dollar and now trades at $0.0121 or 0.00000019 BTC.

IOTA Profile

IOTA (MIOTA) uses the hashing algorithm. Its genesis date was November 25th, 2015. IOTA’s total supply is 3,325,193,912 coins. IOTA’s official website is www.iota.org. IOTA’s official Twitter account is @iota and its Facebook page is accessible here. IOTA’s official message board is forum.iota.org. The Reddit community for IOTA is https://reddit.com/r/iota and the currency’s Github account can be viewed 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.”

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 Gemini, Changelly 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