IOTA Achieves Market Capitalization of $567.22 Million (MIOTA)

IOTA (MIOTA) traded 0.6% higher against the US dollar during the 24-hour period ending at 9:00 AM Eastern on July 1st. IOTA has a total market cap of $567.22 million and approximately $6.73 million worth of IOTA was traded on exchanges in the last 24 hours. One IOTA coin can currently be bought for $0.17 or 0.00000272 BTC on popular cryptocurrency exchanges. Over the last seven days, IOTA has traded 0.6% lower against the US dollar.

Here’s how other cryptocurrencies have performed over the last 24 hours:

• Creditcoin (CTC) traded up 1.8% against the dollar and now trades at $0.49 or 0.00000783 BTC.
• Pax Dollar (USDP) traded up 0.4% against the dollar and now trades at $1.00 or 0.00001600 BTC.
• Electroneum (ETN) traded down 3% against the dollar and now trades at $0.0025 or 0.00000004 BTC.
• Verasity (VRA) traded up 3% against the dollar and now trades at $0.0033 or 0.00000005 BTC.
• Meter Governance (MTRG) traded up 0.2% against the dollar and now trades at $0.89 or 0.00001415 BTC.
• The Transfer Token (TTT) traded down 0.3% against the dollar and now trades at $0.0065 or 0.00000010 BTC.
• SOLVE (SOLVE) traded 2.9% higher against the dollar and now trades at $0.0122 or 0.00000019 BTC.

IOTA Profile

IOTA (CRYPTO:MIOTA) uses the hashing algorithm. It was first traded on November 25th, 2015. IOTA’s total supply is 3,325,193,912 coins. 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. IOTA’s official message board is forum.iota.org. The official website for IOTA is www.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 possible to buy alternative cryptocurrencies such as IOTA directly using U.S. dollars. Investors seeking to acquire IOTA should first buy Ethereum or Bitcoin using an exchange that deals in U.S. dollars such as Coinbase, Gemini 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