IOTA Price Up 12.8% This Week (MIOTA)

IOTA (MIOTA) traded 0.5% higher against the U.S. dollar during the twenty-four hour period ending at 17:00 PM Eastern on January 25th. IOTA has a total market capitalization of $636.02 million and $15.78 million worth of IOTA was traded on exchanges in the last 24 hours. Over the last week, IOTA has traded 12.8% higher against the U.S. dollar. One IOTA coin can now be bought for approximately $0.23 or 0.00000978 BTC on cryptocurrency exchanges.

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

• Pax Dollar (USDP) traded up 0.1% against the dollar and now trades at $1.00 or 0.00004269 BTC.
• The Transfer Token (TTT) traded 3.5% higher against the dollar and now trades at $0.14 or 0.00000604 BTC.
• Creditcoin (CTC) traded 0.5% lower against the dollar and now trades at $0.56 or 0.00002372 BTC.
• Verasity (VRA) traded 9.9% higher against the dollar and now trades at $0.0069 or 0.00000030 BTC.
• Electroneum (ETN) traded up 12.7% against the dollar and now trades at $0.0029 or 0.00000013 BTC.
• Meter Governance (MTRG) traded up 3.3% against the dollar and now trades at $3.01 or 0.00012863 BTC.
• SOLVE (SOLVE) traded 4.1% higher against the dollar and now trades at $0.0285 or 0.00000122 BTC.

IOTA Coin Profile

IOTA (MIOTA) uses the hashing algorithm. It launched on November 25th, 2015. IOTA’s total supply is 2,779,530,283 coins. The official message board for IOTA is forum.iota.org. 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. The official website for IOTA is www.iota.org.

According to CryptoCompare, “IOTA is an open-source distributed ledger protocol that goes 'beyond blockchain' through its core invention of the blockless ‘Tangle’. The IOTA Tangle is a quantum-proof Directed Acyclic Graph, with no fees on transactions & no fixed limit on how many transactions can be confirmed per second in the network. Instead, throughput grows in conjunction with activity in the network; the more activity, the faster the network. Unlike blockchain architecture, IOTA has no separation between users and validators; rather, validation is an intrinsic property of using the ledger, thus avoiding centralization. IOTA is initially focused on serving as the backbone of the emerging Internet-of-Things (IoT).The total supply of IOTA is (3^33 – 1) / 2 = 2,779,530,283,277,761 tokens. This value is optimized for ternary computation – it is the largest possible 33-digit ternary number:111,111,111,111,111,111,111,111,111,111,111 (base-3) = 2,779,530,283,277,761 (base-10)The total IOTA token supply was “minted” on the genesis transaction and will never change. It is now impossible for anyone to “mint” or “mine” new IOTA tokens.IOTA uses the International System of Units (or SI units):”

Buying and Selling IOTA

It is usually not possible to purchase alternative cryptocurrencies such as IOTA directly using U.S. dollars. Investors seeking to trade IOTA should first purchase Bitcoin or Ethereum using an exchange that deals in U.S. dollars such as GDAX, Coinbase or Gemini. Investors can then use their newly-acquired Bitcoin or Ethereum to purchase IOTA using one of the exchanges listed above.