IOTA (MIOTA) Hits 24 Hour Trading Volume of $6.83 Million

IOTA (MIOTA) traded 4.4% higher against the US dollar during the 24 hour period ending at 18:00 PM E.T. on August 21st. IOTA has a total market cap of $472.54 million and approximately $6.83 million worth of IOTA was traded on exchanges in the last day. One IOTA coin can now be purchased for about $0.14 or 0.00000227 BTC on popular cryptocurrency exchanges. Over the last seven days, IOTA has traded 3.6% higher against the US dollar.

Here’s how similar cryptocurrencies have performed over the last day:

• Creditcoin (CTC) traded up 1.1% against the dollar and now trades at $0.42 or 0.00000692 BTC.
• Pax Dollar (USDP) traded up 0.1% against the dollar and now trades at $1.00 or 0.00001632 BTC.
• Electroneum (ETN) traded 0.1% lower against the dollar and now trades at $0.0019 or 0.00000003 BTC.
• Verasity (VRA) traded 4.4% higher against the dollar and now trades at $0.0027 or 0.00000004 BTC.
• Meter Governance (MTRG) traded up 0.5% against the dollar and now trades at $0.52 or 0.00000847 BTC.
• The Transfer Token (TTT) traded up 0.3% against the dollar and now trades at $0.0060 or 0.00000010 BTC.
• SOLVE (SOLVE) traded 1.3% higher against the dollar and now trades at $0.0109 or 0.00000018 BTC.

About IOTA

IOTA uses the hashing algorithm. It launched on November 25th, 2015. IOTA’s total supply is 3,401,744,787 coins. IOTA’s official message board 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. The official website for IOTA is www.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.”

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 GDAX, Gemini or Coinbase. 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