IOTA (MIOTA) One Day Trading Volume Hits $10.93 Million

IOTA (MIOTA) traded down 2.1% against the U.S. dollar during the twenty-four hour period ending at 16:00 PM Eastern on May 26th. One IOTA coin can now be purchased for $0.23 or 0.00000327 BTC on major cryptocurrency exchanges. IOTA has a total market capitalization of $735.47 million and $10.93 million worth of IOTA was traded on exchanges in the last 24 hours. During the last seven days, IOTA has traded up 9.2% against the U.S. dollar.

Here is how related cryptocurrencies have performed during the last 24 hours:

• Creditcoin (CTC) traded down 1.5% against the dollar and now trades at $0.71 or 0.00001039 BTC.
• Pax Dollar (USDP) traded down 0% against the dollar and now trades at $1.00 or 0.00001455 BTC.
• Electroneum (ETN) traded 5.9% higher against the dollar and now trades at $0.0033 or 0.00000005 BTC.
• Verasity (VRA) traded down 3.8% against the dollar and now trades at $0.0052 or 0.00000008 BTC.
• Meter Governance (MTRG) traded down 2.4% against the dollar and now trades at $1.21 or 0.00001759 BTC.
• The Transfer Token (TTT) traded 3.5% lower against the dollar and now trades at $0.0105 or 0.00000015 BTC.
• SOLVE (SOLVE) traded up 2.6% against the dollar and now trades at $0.0183 or 0.00000027 BTC.

IOTA Coin Profile

MIOTA uses the hashing algorithm. It launched on November 25th, 2015. IOTA’s total supply is 3,267,780,757 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. 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.”

IOTA Coin Trading

It is usually not presently possible to buy alternative cryptocurrencies such as IOTA directly using US dollars. Investors seeking to trade IOTA should first buy Bitcoin or Ethereum using an exchange that deals in US dollars such as Coinbase, Changelly or GDAX. Investors can then use their newly-acquired Bitcoin or Ethereum to buy IOTA using one of the aforementioned exchanges.

MIOTA/USD price chart by TradingView