IOTA (MIOTA) Achieves Market Capitalization of $754.50 Million

IOTA (MIOTA) traded down 2.6% against the U.S. dollar during the 24-hour period ending at 21:00 PM Eastern on April 25th. One IOTA coin can currently be purchased for about $0.23 or 0.00000364 BTC on popular cryptocurrency exchanges. IOTA has a market capitalization of $754.50 million and $18.06 million worth of IOTA was traded on exchanges in the last day. During the last seven days, IOTA has traded 7.7% higher against the U.S. dollar.

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

• Creditcoin (CTC) traded 6.5% lower against the dollar and now trades at $0.68 or 0.00001066 BTC.
• Pax Dollar (USDP) traded up 0.1% against the dollar and now trades at $1.00 or 0.00001564 BTC.
• Electroneum (ETN) traded 6.8% lower against the dollar and now trades at $0.0041 or 0.00000006 BTC.
• Verasity (VRA) traded up 0.3% against the dollar and now trades at $0.0059 or 0.00000009 BTC.
• Meter Governance (MTRG) traded down 0.8% against the dollar and now trades at $1.41 or 0.00002203 BTC.
• SOLVE (SOLVE) traded 2.4% lower against the dollar and now trades at $0.0201 or 0.00000031 BTC.
• The Transfer Token (TTT) traded 40.6% lower against the dollar and now trades at $0.0048 or 0.00000007 BTC.

IOTA Profile

MIOTA uses the hashing algorithm. It launched on November 25th, 2015. IOTA’s total supply is 3,229,505,319 coins. 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. IOTA’s official website is www.iota.org. 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.”

Buying and Selling IOTA

It is usually not currently 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 exchanges listed above.

MIOTA/USD price chart by TradingView