IOTA Market Cap Hits $471.01 Million (MIOTA)

IOTA (MIOTA) traded down 9.4% against the dollar during the 1-day period ending at 7:00 AM Eastern on July 5th. IOTA has a market capitalization of $471.01 million and $17.42 million worth of IOTA was traded on exchanges in the last day. In the last seven days, IOTA has traded down 20.2% against the dollar. One IOTA coin can currently be purchased for approximately $0.14 or 0.00000257 BTC on major cryptocurrency exchanges.

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

• Creditcoin (CTC) traded 0.2% lower against the dollar and now trades at $0.45 or 0.00000815 BTC.
• Pax Dollar (USDP) traded up 0% against the dollar and now trades at $1.00 or 0.00001814 BTC.
• Electroneum (ETN) traded down 5.9% against the dollar and now trades at $0.0022 or 0.00000004 BTC.
• Verasity (VRA) traded down 5.9% against the dollar and now trades at $0.0030 or 0.00000006 BTC.
• Meter Governance (MTRG) traded down 8.3% against the dollar and now trades at $0.78 or 0.00001415 BTC.
• The Transfer Token (TTT) traded down 0.4% against the dollar and now trades at $0.0065 or 0.00000010 BTC.
• SOLVE (SOLVE) traded down 9.4% against the dollar and now trades at $0.0103 or 0.00000019 BTC.

About IOTA

IOTA (CRYPTO:MIOTA) uses the hashing algorithm. It launched on November 25th, 2015. IOTA’s total supply is 3,325,193,912 coins. IOTA’s official message board is forum.iota.org. 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. IOTA’s official website 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 Bitcoin or Ethereum using an exchange that deals in U.S. dollars such as Coinbase, Gemini or Changelly. Investors can then use their newly-acquired Bitcoin or Ethereum to buy IOTA using one of the exchanges listed above.

MIOTA/USD price chart by TradingView