IOTA (MIOTA) Achieves Market Capitalization of $802.27 Million

IOTA (MIOTA) traded 1.8% higher against the US dollar during the one day period ending at 10:00 AM ET on March 6th. In the last week, IOTA has traded up 7.1% against the US dollar. IOTA has a market capitalization of $802.27 million and approximately $36.88 million worth of IOTA was traded on exchanges in the last 24 hours. One IOTA coin can currently be purchased for $0.22 or 0.00000240 BTC on popular exchanges.

Here is how related cryptocurrencies have performed in the last 24 hours:

• Creditcoin (CTC) traded up 4.6% against the dollar and now trades at $0.71 or 0.00000783 BTC.
• Pax Dollar (USDP) traded up 0% against the dollar and now trades at $1.00 or 0.00001099 BTC.
• Electroneum (ETN) traded 0.4% lower against the dollar and now trades at $0.0021 or 0.00000002 BTC.
• Verasity (VRA) traded 0.1% lower against the dollar and now trades at $0.0019 or 0.00000002 BTC.
• The Transfer Token (TTT) traded 0% lower against the dollar and now trades at $0.0037 or 0.00000004 BTC.
• Meter Governance (MTRG) traded up 16.5% against the dollar and now trades at $0.12 or 0.00000134 BTC.
• SOLVE (SOLVE) traded up 18.7% against the dollar and now trades at $0.0017 or 0.00000002 BTC.

IOTA Profile

IOTA uses the hashing algorithm. It launched on November 25th, 2015. IOTA’s total supply is 3,669,672,848 coins. IOTA’s official Twitter account is @iota and its Facebook page is accessible here. 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. The official message board for IOTA is forum.iota.org.

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

MIOTA/USD price chart by TradingView