IOTA (MIOTA) Reaches 1-Day Trading Volume of $4.92 Million

IOTA (MIOTA) traded 1.2% lower against the US dollar during the one day period ending at 23:00 PM Eastern on September 16th. One IOTA coin can now be purchased for $0.12 or 0.00000207 BTC on popular cryptocurrency exchanges. IOTA has a total market capitalization of $411.48 million and approximately $4.92 million worth of IOTA was traded on exchanges in the last 24 hours. During the last week, IOTA has traded down 4.3% against the US dollar.

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

• Creditcoin (CTC) traded 0.7% lower against the dollar and now trades at $0.41 or 0.00000704 BTC.
• Pax Dollar (USDP) traded 0.1% higher against the dollar and now trades at $1.00 or 0.00001723 BTC.
• Electroneum (ETN) traded down 10.4% against the dollar and now trades at $0.0022 or 0.00000004 BTC.
• Verasity (VRA) traded 1.1% higher against the dollar and now trades at $0.0029 or 0.00000005 BTC.
• Meter Governance (MTRG) traded down 8.1% against the dollar and now trades at $0.44 or 0.00000765 BTC.
• The Transfer Token (TTT) traded down 7.2% against the dollar and now trades at $0.0061 or 0.00000010 BTC.
• SOLVE (SOLVE) traded 1.1% lower against the dollar and now trades at $0.0096 or 0.00000017 BTC.

About IOTA

MIOTA uses the hashing algorithm. It launched 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. IOTA’s official website is www.iota.org. 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 possible to buy alternative cryptocurrencies such as IOTA directly using U.S. dollars. Investors seeking to acquire IOTA should first buy Ethereum or Bitcoin using an exchange that deals in U.S. dollars such as Coinbase, GDAX or Changelly. 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