IOTA (MIOTA) Trading Down 5.1% Over Last Week

IOTA (MIOTA) traded up 0.9% against the US dollar during the 1-day period ending at 20:00 PM E.T. on July 27th. One IOTA coin can currently be bought for about $0.17 or 0.00000244 BTC on popular exchanges. In the last seven days, IOTA has traded 5.1% lower against the US dollar. IOTA has a total market cap of $559.82 million and approximately $6.92 million worth of IOTA was traded on exchanges in the last 24 hours.

Here is how other cryptocurrencies have performed in the last 24 hours:

• Creditcoin (CTC) traded 0.1% higher against the dollar and now trades at $0.51 or 0.00000751 BTC.
• Pax Dollar (USDP) traded up 0% against the dollar and now trades at $1.00 or 0.00001468 BTC.
• Electroneum (ETN) traded up 1% against the dollar and now trades at $0.0024 or 0.00000004 BTC.
• Verasity (VRA) traded down 1.3% against the dollar and now trades at $0.0036 or 0.00000005 BTC.
• Meter Governance (MTRG) traded 0% higher against the dollar and now trades at $0.69 or 0.00001009 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 3.2% higher against the dollar and now trades at $0.0110 or 0.00000016 BTC.

About IOTA

IOTA uses the hashing algorithm. It was first traded on November 25th, 2015. IOTA’s total supply is 3,363,469,350 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. 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 currently possible to buy alternative cryptocurrencies such as IOTA directly using US dollars. Investors seeking to trade IOTA should first buy Bitcoin or Ethereum using an exchange that deals in US dollars such as Changelly, Gemini or Coinbase. 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