IOTA Market Capitalization Achieves $489.38 Million (MIOTA)

IOTA (MIOTA) traded down 3.9% against the dollar during the one day period ending at 17:00 PM E.T. on September 28th. One IOTA coin can currently be bought for about $0.14 or 0.00000217 BTC on major cryptocurrency exchanges. IOTA has a total market capitalization of $489.38 million and approximately $8.91 million worth of IOTA was traded on exchanges in the last day. During the last seven days, IOTA has traded 0.6% higher against the dollar.

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

• Creditcoin (CTC) traded 0.2% lower against the dollar and now trades at $0.47 or 0.00000712 BTC.
• Pax Dollar (USDP) traded down 0% against the dollar and now trades at $1.00 or 0.00001525 BTC.
• Electroneum (ETN) traded down 3% against the dollar and now trades at $0.0025 or 0.00000004 BTC.
• Verasity (VRA) traded down 3.7% against the dollar and now trades at $0.0038 or 0.00000006 BTC.
• Meter Governance (MTRG) traded down 2.3% against the dollar and now trades at $0.46 or 0.00000701 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 1.4% lower against the dollar and now trades at $0.0103 or 0.00000016 BTC.

IOTA Coin Profile

MIOTA uses the hashing algorithm. It was first traded on 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 website is www.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.

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 trade IOTA should first buy Ethereum or Bitcoin using an exchange that deals in U.S. dollars such as Gemini, Changelly or Coinbase. Investors can then use their newly-acquired Ethereum or Bitcoin to buy IOTA using one of the exchanges listed above.

MIOTA/USD price chart by TradingView