IOTA (MIOTA) Reaches 1-Day Volume of $9.17 Million

IOTA (MIOTA) traded down 3% against the US dollar during the 24 hour period ending at 10:00 AM Eastern on October 17th. One IOTA coin can currently be purchased for $0.12 or 0.00000177 BTC on popular exchanges. IOTA has a total market cap of $413.94 million and $9.17 million worth of IOTA was traded on exchanges in the last 24 hours. During the last week, IOTA has traded up 2.1% against the US dollar.

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

• Creditcoin (CTC) traded 2.6% lower against the dollar and now trades at $0.40 or 0.00000601 BTC.
• Pax Dollar (USDP) traded 0.1% lower against the dollar and now trades at $1.00 or 0.00001490 BTC.
• Electroneum (ETN) traded down 0.2% against the dollar and now trades at $0.0021 or 0.00000003 BTC.
• Verasity (VRA) traded down 4.1% against the dollar and now trades at $0.0030 or 0.00000004 BTC.
• Meter Governance (MTRG) traded up 0% against the dollar and now trades at $0.41 or 0.00000607 BTC.
• The Transfer Token (TTT) traded 25.7% lower against the dollar and now trades at $0.0037 or 0.00000006 BTC.
• SOLVE (SOLVE) traded down 5.7% against the dollar and now trades at $0.0088 or 0.00000013 BTC.

IOTA Coin Profile

IOTA (CRYPTO:MIOTA) uses the hashing algorithm. It was first traded on November 25th, 2015. IOTA’s total supply is 3,478,295,661 coins. IOTA’s official Twitter account is @iota and its Facebook page is accessible here. IOTA’s official website is www.iota.org. The official message board for IOTA is forum.iota.org. 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 presently possible to buy alternative cryptocurrencies such as IOTA directly using US dollars. Investors seeking to trade IOTA should first buy Ethereum or Bitcoin using an exchange that deals in US dollars such as Changelly, Coinbase or Gemini. Investors can then use their newly-acquired Ethereum or Bitcoin to buy IOTA using one of the aforementioned exchanges.

MIOTA/USD price chart by TradingView