IOTA (MIOTA) Hits Market Cap of $415.30 Million

IOTA (MIOTA) traded up 1.5% against the dollar during the twenty-four hour period ending at 0:00 AM E.T. on September 8th. During the last week, IOTA has traded 0.3% higher against the dollar. IOTA has a total market capitalization of $415.30 million and $4.06 million worth of IOTA was traded on exchanges in the last day. One IOTA coin can currently be purchased for about $0.12 or 0.00000221 BTC on cryptocurrency exchanges.

Here’s how other cryptocurrencies have performed during the last day:

• Creditcoin (CTC) traded 9.7% higher against the dollar and now trades at $0.42 or 0.00000754 BTC.
• Pax Dollar (USDP) traded up 0% against the dollar and now trades at $1.00 or 0.00001820 BTC.
• Electroneum (ETN) traded 10.3% lower against the dollar and now trades at $0.0016 or 0.00000003 BTC.
• Verasity (VRA) traded 3% higher against the dollar and now trades at $0.0025 or 0.00000005 BTC.
• The Transfer Token (TTT) traded 0% lower against the dollar and now trades at $0.0065 or 0.00000011 BTC.
• Meter Governance (MTRG) traded 0.5% higher against the dollar and now trades at $0.40 or 0.00000734 BTC.
• SOLVE (SOLVE) traded 1.9% lower against the dollar and now trades at $0.0103 or 0.00000019 BTC.

IOTA Coin Profile

IOTA (CRYPTO:MIOTA) uses the hashing algorithm. It was first traded on November 25th, 2015. IOTA’s total supply is 3,420,882,505 coins. 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. IOTA’s official message board is forum.iota.org. The official website for IOTA is www.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.”

IOTA Coin Trading

It is usually not currently possible to purchase alternative cryptocurrencies such as IOTA directly using US dollars. Investors seeking to acquire IOTA should first purchase Ethereum or Bitcoin using an exchange that deals in US dollars such as Changelly, Gemini or GDAX. 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