IOTA (MIOTA) Trading Up 22.4% Over Last 7 Days

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

Here’s 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 1.1% higher against the dollar and now trades at $0.0020 or 0.00000002 BTC.
• Verasity (VRA) traded down 1.4% against the dollar and now trades at $0.0034 or 0.00000004 BTC.
• Meter Governance (MTRG) traded down 7% against the dollar and now trades at $0.37 or 0.00000407 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 0.7% higher against the dollar and now trades at $0.0063 or 0.00000007 BTC.

IOTA Coin Profile

IOTA (MIOTA) uses the hashing algorithm. Its launch date was November 25th, 2015. IOTA’s total supply is 3,516,571,099 coins. The official website for IOTA is www.iota.org. IOTA’s official Twitter account is @iota and its Facebook page is accessible here. 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.

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 purchase alternative cryptocurrencies such as IOTA directly using U.S. dollars. Investors seeking to trade IOTA should first purchase Ethereum or Bitcoin using an exchange that deals in U.S. dollars such as GDAX, Gemini or Changelly. 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