IOTA Price Hits $0.12 on Top Exchanges (MIOTA)

IOTA (MIOTA) traded 0.8% higher against the U.S. dollar during the 24 hour period ending at 12:00 PM Eastern on October 19th. IOTA has a total market cap of $418.84 million and $6.61 million worth of IOTA was traded on exchanges in the last day. One IOTA coin can currently be purchased for $0.12 or 0.00000177 BTC on exchanges. During the last seven days, IOTA has traded down 2.8% against the U.S. dollar.

Here is how related cryptocurrencies have performed during the last day:

• Creditcoin (CTC) traded 0.6% higher against the dollar and now trades at $0.41 or 0.00000602 BTC.
• Pax Dollar (USDP) traded 0.1% higher against the dollar and now trades at $1.00 or 0.00001467 BTC.
• Electroneum (ETN) traded up 3.3% against the dollar and now trades at $0.0022 or 0.00000003 BTC.
• Verasity (VRA) traded down 1.5% against the dollar and now trades at $0.0030 or 0.00000004 BTC.
• Meter Governance (MTRG) traded down 4.1% against the dollar and now trades at $0.39 or 0.00000571 BTC.
• The Transfer Token (TTT) traded down 25.7% against the dollar and now trades at $0.0037 or 0.00000006 BTC.
• SOLVE (SOLVE) traded 1.4% higher against the dollar and now trades at $0.0088 or 0.00000013 BTC.

About IOTA

IOTA uses the hashing algorithm. It launched on November 25th, 2015. IOTA’s total supply is 3,478,295,661 coins. The Reddit community for IOTA is https://reddit.com/r/iota and the currency’s Github account can be viewed here. The official website for IOTA is www.iota.org. IOTA’s official message board is forum.iota.org. IOTA’s official Twitter account is @iota and its Facebook page is accessible 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 possible to purchase alternative cryptocurrencies such as IOTA directly using US dollars. Investors seeking to acquire IOTA should first purchase Bitcoin or Ethereum using an exchange that deals in US dollars such as GDAX, Changelly or Gemini. Investors can then use their newly-acquired Bitcoin or Ethereum to purchase IOTA using one of the aforementioned exchanges.

MIOTA/USD price chart by TradingView