IOTA (MIOTA) Price Reaches $0.16 on Exchanges

IOTA (MIOTA) traded down 4% against the U.S. dollar during the 24-hour period ending at 20:00 PM E.T. on July 29th. One IOTA coin can now be bought for about $0.16 or 0.00000242 BTC on major cryptocurrency exchanges. In the last week, IOTA has traded 7.1% lower against the U.S. dollar. IOTA has a total market capitalization of $539.11 million and approximately $9.84 million worth of IOTA was traded on exchanges in the last day.

Here is how similar cryptocurrencies have performed in the last day:

• Creditcoin (CTC) traded 2.4% lower against the dollar and now trades at $0.49 or 0.00000744 BTC.
• Pax Dollar (USDP) traded 0.1% higher against the dollar and now trades at $1.00 or 0.00001509 BTC.
• Electroneum (ETN) traded up 9.5% against the dollar and now trades at $0.0027 or 0.00000004 BTC.
• Verasity (VRA) traded 1.8% lower against the dollar and now trades at $0.0034 or 0.00000005 BTC.
• Meter Governance (MTRG) traded 2.4% lower against the dollar and now trades at $0.65 or 0.00000985 BTC.
• The Transfer Token (TTT) traded up 19.7% against the dollar and now trades at $0.0060 or 0.00000009 BTC.
• SOLVE (SOLVE) traded 1.6% higher against the dollar and now trades at $0.0110 or 0.00000017 BTC.

IOTA Coin Profile

IOTA (MIOTA) uses the hashing algorithm. It launched 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.”

Buying and Selling IOTA

It is usually not currently possible to purchase alternative cryptocurrencies such as IOTA directly using U.S. dollars. Investors seeking to acquire IOTA should first purchase Ethereum or Bitcoin using an exchange that deals in U.S. dollars such as GDAX, Coinbase or Changelly. Investors can then use their newly-acquired Ethereum or Bitcoin to purchase IOTA using one of the aforementioned exchanges.

MIOTA/USD price chart by TradingView