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

IOTA (MIOTA) traded up 1.8% against the dollar during the twenty-four hour period ending at 12:00 PM E.T. on September 27th. During the last week, IOTA has traded up 11.4% against the dollar. One IOTA coin can now be bought for about $0.15 or 0.00000226 BTC on major cryptocurrency exchanges. IOTA has a market cap of $514.91 million and approximately $11.33 million worth of IOTA was traded on exchanges in the last day.

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

• Creditcoin (CTC) traded 1.4% lower against the dollar and now trades at $0.47 or 0.00000712 BTC.
• Pax Dollar (USDP) traded 0% lower against the dollar and now trades at $1.00 or 0.00001509 BTC.
• Electroneum (ETN) traded 18.2% higher against the dollar and now trades at $0.0022 or 0.00000003 BTC.
• Verasity (VRA) traded 0.7% lower against the dollar and now trades at $0.0039 or 0.00000006 BTC.
• Meter Governance (MTRG) traded down 2.2% against the dollar and now trades at $0.48 or 0.00000724 BTC.
• The Transfer Token (TTT) traded 0.4% lower against the dollar and now trades at $0.0050 or 0.00000008 BTC.
• SOLVE (SOLVE) traded 0.7% higher against the dollar and now trades at $0.0104 or 0.00000016 BTC.

IOTA Profile

IOTA (CRYPTO:MIOTA) uses the hashing algorithm. Its launch date was November 25th, 2015. IOTA’s total supply is 3,440,020,224 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 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.

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 currently possible to buy alternative cryptocurrencies such as IOTA directly using US dollars. Investors seeking to trade IOTA should first buy Bitcoin or Ethereum using an exchange that deals in US dollars such as GDAX, Coinbase or Gemini. Investors can then use their newly-acquired Bitcoin or Ethereum to buy IOTA using one of the aforementioned exchanges.

MIOTA/USD price chart by TradingView