IoTeX (IOTX) Trading Down 20.4% This Week

IoTeX (IOTX) traded 3.9% higher against the dollar during the 1-day period ending at 22:00 PM Eastern on August 6th. One IoTeX coin can now be bought for about $0.0335 or 0.00000059 BTC on major cryptocurrency exchanges. IoTeX has a total market capitalization of $316.18 million and approximately $16.74 million worth of IoTeX was traded on exchanges in the last day. Over the last week, IoTeX has traded 20.4% lower against the dollar.

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

• Aidi Finance (BSC) (AIDI) traded 2.2% lower against the dollar and now trades at $0.0000 or 0.00000000 BTC.
• Zoo Token (ZOOT) traded 2.2% lower against the dollar and now trades at $0.0652 or 0.00000239 BTC.
• CareCoin (CARES) traded down 2.2% against the dollar and now trades at $0.0809 or 0.00000297 BTC.
• Kitty Inu (KITTY) traded up 1.9% against the dollar and now trades at $95.84 or 0.00338062 BTC.
• Hokkaidu Inu (HOKK) traded up 1.2% against the dollar and now trades at $0.0004 or 0.00000001 BTC.
• Jeff in Space (JEFF) traded 2.2% lower against the dollar and now trades at $2.75 or 0.00010076 BTC.
• Lumi Credits (LUMI) traded up 1.4% against the dollar and now trades at $0.0121 or 0.00000021 BTC.
• AXIA Coin (AXC) traded 0.1% lower against the dollar and now trades at $13.43 or 0.00048094 BTC.

About IoTeX

IoTeX (IOTX) uses the hashing algorithm. It was first traded on May 23rd, 2018. IoTeX’s total supply is 9,441,378,933 coins and its circulating supply is 9,441,378,929 coins. IoTeX’s official Twitter account is @iotex_io and its Facebook page is accessible here. The official website for IoTeX is www.iotex.io. IoTeX’s official message board is iotex.io/blog. The Reddit community for IoTeX is https://reddit.com/r/iotex and the currency’s Github account can be viewed here.

According to CryptoCompare, “IoTeX is a privacy-focused blockchain infrastructure for the Internet of Things (IoT) that aims to enable autonomous device coordination and create an open ecosystem for people and IoT devices to interact with proper incentives. It is based on Ethereum and uses the Roll-DPoS consensus mechanism for instant finality and high throughput to support millions of devices. The team includes over 30 researchers and engineers and the network has over 100 delegates and is fully open-source. The IOTX token is used for transactions, staking, governance, and registering new devices on the network. The IoTeX ecosystem includes projects such as Ucam, Pebble, Mimo DEX, and IoTeX Scout, among others. The team is headquartered in Silicon Valley and includes former Google, Facebook, and Uber employees.”

Buying and Selling IoTeX

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

IOTX/USD price chart by TradingView