IOTA (MIOTA) Trading Down 13.1% This Week

IOTA (MIOTA) traded up 2% against the U.S. dollar during the one day period ending at 18:00 PM E.T. on April 19th. In the last week, IOTA has traded down 13.1% against the U.S. dollar. IOTA has a market cap of $737.36 million and approximately $18.24 million worth of IOTA was traded on exchanges in the last day. One IOTA coin can currently be purchased for about $0.23 or 0.00000355 BTC on popular exchanges.

Here is how similar cryptocurrencies have performed in the last day:

• Creditcoin (CTC) traded 0.1% higher against the dollar and now trades at $0.74 or 0.00001157 BTC.
• Pax Dollar (USDP) traded 0.1% lower 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 up 2.4% 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 2.9% higher against the dollar and now trades at $0.0208 or 0.00000032 BTC.

IOTA Coin Profile

IOTA 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. IOTA’s official Twitter account is @iota and its Facebook page is accessible here. 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.

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 currently possible to buy alternative cryptocurrencies such as IOTA directly using US dollars. Investors seeking to acquire IOTA should first buy Bitcoin or Ethereum using an exchange that deals in US dollars such as Changelly, GDAX 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