IOTA Reaches 24-Hour Trading Volume of $11.33 Million (MIOTA)

IOTA (MIOTA) traded up 3.8% against the dollar during the 1 day period ending at 18:00 PM Eastern on October 20th. One IOTA coin can currently be purchased for approximately $0.12 or 0.00000180 BTC on exchanges. IOTA has a market capitalization of $433.01 million and approximately $11.33 million worth of IOTA was traded on exchanges in the last day. In the last week, IOTA has traded 0.8% lower against the dollar.

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

• Creditcoin (CTC) traded up 3.4% against the dollar and now trades at $0.42 or 0.00000609 BTC.
• Pax Dollar (USDP) traded 0% lower against the dollar and now trades at $1.00 or 0.00001450 BTC.
• Electroneum (ETN) traded down 0.7% against the dollar and now trades at $0.0022 or 0.00000003 BTC.
• Verasity (VRA) traded up 5.4% against the dollar and now trades at $0.0031 or 0.00000004 BTC.
• Meter Governance (MTRG) traded 2.6% lower against the dollar and now trades at $0.38 or 0.00000557 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 0.8% higher against the dollar and now trades at $0.0089 or 0.00000013 BTC.

About IOTA

IOTA (MIOTA) uses the hashing algorithm. Its launch date was November 25th, 2015. IOTA’s total supply is 3,478,295,661 coins. IOTA’s official message board 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.”

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 Ethereum or Bitcoin using an exchange that deals in US dollars such as Coinbase, Gemini 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