IOTA (MIOTA) Hits 1-Day Trading Volume of $9.12 Million

IOTA (MIOTA) traded 1.2% lower against the US dollar during the twenty-four hour period ending at 19:00 PM ET on October 22nd. IOTA has a total market cap of $418.64 million and approximately $9.12 million worth of IOTA was traded on exchanges in the last day. One IOTA coin can now be purchased for $0.12 or 0.00000178 BTC on major cryptocurrency exchanges. Over the last week, IOTA has traded down 4.3% against the US dollar.

Here’s how similar cryptocurrencies have performed over the last day:

• Creditcoin (CTC) traded down 0.4% against the dollar and now trades at $0.41 or 0.00000604 BTC.
• Pax Dollar (USDP) traded down 0% against the dollar and now trades at $1.00 or 0.00001484 BTC.
• Electroneum (ETN) traded up 2.7% against the dollar and now trades at $0.0022 or 0.00000003 BTC.
• Verasity (VRA) traded 2.1% lower against the dollar and now trades at $0.0029 or 0.00000004 BTC.
• Meter Governance (MTRG) traded 7.2% lower against the dollar and now trades at $0.33 or 0.00000487 BTC.
• The Transfer Token (TTT) traded 25.7% lower against the dollar and now trades at $0.0037 or 0.00000006 BTC.
• SOLVE (SOLVE) traded 0.5% higher against the dollar and now trades at $0.0088 or 0.00000013 BTC.

IOTA Profile

MIOTA uses the hashing algorithm. Its launch date was November 25th, 2015. IOTA’s total supply is 3,478,295,661 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 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 acquire IOTA should first buy Bitcoin or Ethereum using an exchange that deals in U.S. dollars such as Coinbase, Changelly or Gemini. 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