IOTA 1-Day Trading Volume Tops $13.46 Million (MIOTA)

IOTA (MIOTA) traded 1.8% lower against the U.S. dollar during the one day period ending at 20:00 PM ET on April 29th. One IOTA coin can now be bought for $0.23 or 0.00000353 BTC on popular cryptocurrency exchanges. IOTA has a total market capitalization of $728.36 million and approximately $13.46 million worth of IOTA was traded on exchanges in the last day. Over the last week, IOTA has traded down 8.2% against the U.S. dollar.

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

• Creditcoin (CTC) traded up 5.3% against the dollar and now trades at $0.70 or 0.00001087 BTC.
• Pax Dollar (USDP) traded down 0.1% against the dollar and now trades at $1.00 or 0.00001563 BTC.
• Electroneum (ETN) traded down 7.9% against the dollar and now trades at $0.0036 or 0.00000006 BTC.
• Verasity (VRA) traded 1.9% lower against the dollar and now trades at $0.0056 or 0.00000009 BTC.
• Meter Governance (MTRG) traded 1.1% lower against the dollar and now trades at $1.46 or 0.00002290 BTC.
• The Transfer Token (TTT) traded up 115.1% against the dollar and now trades at $0.0080 or 0.00000013 BTC.
• SOLVE (SOLVE) traded 4.6% lower against the dollar and now trades at $0.0195 or 0.00000031 BTC.

IOTA Profile

IOTA (MIOTA) uses the hashing algorithm. It was first traded on November 25th, 2015. IOTA’s total supply is 3,229,505,319 coins. The official website for IOTA 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. The official message board for IOTA is forum.iota.org. IOTA’s official Twitter account is @iota and its Facebook page is accessible here.

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 presently possible to buy alternative cryptocurrencies such as IOTA directly using US dollars. Investors seeking to trade IOTA should first buy Ethereum or Bitcoin using an exchange that deals in US dollars such as Coinbase, Changelly or GDAX. Investors can then use their newly-acquired Ethereum or Bitcoin to buy IOTA using one of the aforementioned exchanges.

MIOTA/USD price chart by TradingView