IOTA (MIOTA) Market Capitalization Achieves $737.36 Million

IOTA (MIOTA) traded up 2% against the U.S. dollar during the twenty-four hour period ending at 18:00 PM E.T. on April 19th. One IOTA coin can now be bought for about $0.23 or 0.00000355 BTC on cryptocurrency exchanges. During the last seven days, IOTA has traded 13.1% lower against the U.S. dollar. IOTA has a total market cap of $737.36 million and $18.24 million worth of IOTA was traded on exchanges in the last day.

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

• Creditcoin (CTC) traded up 0.1% against the dollar and now trades at $0.74 or 0.00001157 BTC.
• Pax Dollar (USDP) traded down 0.1% against the dollar and now trades at $1.00 or 0.00001556 BTC.
• Electroneum (ETN) traded down 5.5% against the dollar and now trades at $0.0050 or 0.00000008 BTC.
• Verasity (VRA) traded 2.4% higher against the dollar and now trades at $0.0060 or 0.00000009 BTC.
• Meter Governance (MTRG) traded up 6.2% against the dollar and now trades at $1.47 or 0.00002281 BTC.
• The Transfer Token (TTT) traded 0.3% higher against the dollar and now trades at $0.0081 or 0.00000013 BTC.
• SOLVE (SOLVE) traded up 2.9% against the dollar and now trades at $0.0208 or 0.00000032 BTC.

IOTA Profile

MIOTA uses the hashing algorithm. It was first traded on November 25th, 2015. IOTA’s total supply is 3,229,505,319 coins. IOTA’s official Twitter account is @iota and its Facebook page is accessible here. IOTA’s official website is www.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 message board is forum.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 U.S. dollars. Investors seeking to trade IOTA should first buy Bitcoin or Ethereum using an exchange that deals in U.S. dollars such as Gemini, GDAX or Coinbase. Investors can then use their newly-acquired Bitcoin or Ethereum to buy IOTA using one of the exchanges listed above.

MIOTA/USD price chart by TradingView