IOTA (MIOTA) Reaches 1-Day Trading Volume of $4.92 Million

IOTA (MIOTA) traded down 1.2% against the dollar during the 1-day period ending at 23:00 PM E.T. on September 16th. IOTA has a market cap of $411.48 million and approximately $4.92 million worth of IOTA was traded on exchanges in the last 24 hours. One IOTA coin can currently be purchased for $0.12 or 0.00000207 BTC on major exchanges. During the last week, IOTA has traded down 4.3% against the dollar.

Here’s how similar cryptocurrencies have performed during the last 24 hours:

• Creditcoin (CTC) traded 0.7% lower against the dollar and now trades at $0.41 or 0.00000704 BTC.
• Pax Dollar (USDP) traded up 0.1% against the dollar and now trades at $1.00 or 0.00001723 BTC.
• Electroneum (ETN) traded 10.4% lower against the dollar and now trades at $0.0022 or 0.00000004 BTC.
• Verasity (VRA) traded up 1.1% against the dollar and now trades at $0.0029 or 0.00000005 BTC.
• Meter Governance (MTRG) traded 8.1% lower against the dollar and now trades at $0.44 or 0.00000765 BTC.
• The Transfer Token (TTT) traded 7.2% lower against the dollar and now trades at $0.0061 or 0.00000010 BTC.
• SOLVE (SOLVE) traded down 1.1% against the dollar and now trades at $0.0096 or 0.00000017 BTC.

IOTA Coin Profile

MIOTA uses the hashing algorithm. It launched on November 25th, 2015. IOTA’s total supply is 3,420,882,505 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 trade IOTA should first purchase Ethereum or Bitcoin using an exchange that deals in US dollars such as Gemini, Changelly or GDAX. Investors can then use their newly-acquired Ethereum or Bitcoin to purchase IOTA using one of the exchanges listed above.

MIOTA/USD price chart by TradingView