IOTA (MIOTA) Market Capitalization Achieves $570.58 Million

IOTA (MIOTA) traded down 1.3% against the dollar during the 24-hour period ending at 23:00 PM E.T. on July 23rd. One IOTA coin can currently be bought for $0.17 or 0.00000257 BTC on major exchanges. In the last seven days, IOTA has traded 1.3% lower against the dollar. IOTA has a market cap of $570.58 million and approximately $8.87 million worth of IOTA was traded on exchanges in the last 24 hours.

Here’s how similar cryptocurrencies have performed in the last 24 hours:

• Creditcoin (CTC) traded 0.6% lower against the dollar and now trades at $0.51 or 0.00000772 BTC.
• Pax Dollar (USDP) traded 0% lower against the dollar and now trades at $1.00 or 0.00001513 BTC.
• Electroneum (ETN) traded 0.5% lower against the dollar and now trades at $0.0024 or 0.00000004 BTC.
• Verasity (VRA) traded down 0.6% against the dollar and now trades at $0.0038 or 0.00000006 BTC.
• Meter Governance (MTRG) traded 5% lower against the dollar and now trades at $0.69 or 0.00001040 BTC.
• The Transfer Token (TTT) traded down 16.5% against the dollar and now trades at $0.0050 or 0.00000007 BTC.
• SOLVE (SOLVE) traded 2% lower against the dollar and now trades at $0.0103 or 0.00000016 BTC.

About IOTA

MIOTA uses the hashing algorithm. It was first traded on November 25th, 2015. IOTA’s total supply is 3,363,469,350 coins. IOTA’s official message board is forum.iota.org. 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.

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 currently possible to buy alternative cryptocurrencies such as IOTA directly using US dollars. Investors seeking to trade IOTA should first buy Ethereum or Bitcoin using an exchange that deals in US dollars such as Changelly, Gemini or Coinbase. 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