IOTA (MIOTA) Hits Market Cap of $596.51 Million

IOTA (MIOTA) traded up 5.3% against the US dollar during the 24-hour period ending at 9:00 AM ET on November 18th. IOTA has a market capitalization of $596.51 million and $38.15 million worth of IOTA was traded on exchanges in the last day. Over the last week, IOTA has traded up 22.4% against the US dollar. One IOTA coin can currently be bought for $0.17 or 0.00000188 BTC on cryptocurrency exchanges.

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

• Creditcoin (CTC) traded 22.5% higher against the dollar and now trades at $0.69 or 0.00000762 BTC.
• Pax Dollar (USDP) traded up 0% against the dollar and now trades at $1.00 or 0.00001111 BTC.
• Electroneum (ETN) traded up 1.1% against the dollar and now trades at $0.0020 or 0.00000002 BTC.
• Verasity (VRA) traded 1.4% lower against the dollar and now trades at $0.0034 or 0.00000004 BTC.
• Meter Governance (MTRG) traded 7% lower against the dollar and now trades at $0.37 or 0.00000407 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 up 0.7% against the dollar and now trades at $0.0063 or 0.00000007 BTC.

IOTA Profile

IOTA uses the hashing algorithm. Its genesis date was November 25th, 2015. IOTA’s total supply is 3,516,571,099 coins. The official message board for IOTA is forum.iota.org. 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. 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 trade IOTA should first purchase Bitcoin or Ethereum using an exchange that deals in US dollars such as Changelly, Coinbase or GDAX. Investors can then use their newly-acquired Bitcoin or Ethereum to purchase IOTA using one of the exchanges listed above.

MIOTA/USD price chart by TradingView