IOTA Hits Market Capitalization of $381.62 Million (MIOTA)

IOTA (MIOTA) traded down 2.9% against the US dollar during the 1-day period ending at 11:00 AM E.T. on November 2nd. IOTA has a total market cap of $381.62 million and approximately $5.25 million worth of IOTA was traded on exchanges in the last 24 hours. In the last seven days, IOTA has traded 2.4% higher against the US dollar. One IOTA coin can currently be bought for about $0.11 or 0.00000157 BTC on popular exchanges.

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

• Creditcoin (CTC) traded 2.1% lower against the dollar and now trades at $0.37 or 0.00000531 BTC.
• Pax Dollar (USDP) traded down 0% against the dollar and now trades at $1.00 or 0.00001441 BTC.
• Electroneum (ETN) traded up 1.2% against the dollar and now trades at $0.0021 or 0.00000003 BTC.
• Verasity (VRA) traded down 0.8% against the dollar and now trades at $0.0025 or 0.00000004 BTC.
• Meter Governance (MTRG) traded 0.4% lower against the dollar and now trades at $0.25 or 0.00000361 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% lower against the dollar and now trades at $0.0077 or 0.00000011 BTC.

About IOTA

IOTA uses the hashing algorithm. It was first traded on November 25th, 2015. IOTA’s total supply is 3,497,433,380 coins. The official message board for IOTA is forum.iota.org. The official website for IOTA 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. 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 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