IOTA (MIOTA) Market Capitalization Tops $691.34 Million

IOTA (MIOTA) traded down 3.6% against the U.S. dollar during the 24 hour period ending at 7:00 AM E.T. on May 19th. IOTA has a total market cap of $691.34 million and $9.31 million worth of IOTA was traded on exchanges in the last day. One IOTA coin can now be bought for about $0.21 or 0.00000315 BTC on major cryptocurrency exchanges. During the last seven days, IOTA has traded 0.3% higher against the U.S. dollar.

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

  • Creditcoin (CTC) traded 4.1% lower against the dollar and now trades at $0.72 or 0.00001075 BTC.
  • Pax Dollar (USDP) traded down 0.1% against the dollar and now trades at $1.00 or 0.00001489 BTC.
  • Electroneum (ETN) traded 3.8% higher against the dollar and now trades at $0.0031 or 0.00000005 BTC.
  • Verasity (VRA) traded down 4.5% against the dollar and now trades at $0.0050 or 0.00000008 BTC.
  • Meter Governance (MTRG) traded down 5.1% against the dollar and now trades at $1.26 or 0.00001872 BTC.
  • SOLVE (SOLVE) traded down 0.3% against the dollar and now trades at $0.0189 or 0.00000028 BTC.
  • The Transfer Token (TTT) traded up 0.1% against the dollar and now trades at $0.0050 or 0.00000008 BTC.

IOTA Profile

IOTA uses the hashing algorithm. It launched on November 25th, 2015. IOTA’s total supply is 3,267,780,757 coins. The Reddit community for IOTA is https://reddit.com/r/iota and the currency’s Github account can be viewed here. 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.

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

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