IOTA (MIOTA) Market Capitalization Achieves $557.68 Million

IOTA (MIOTA) traded down 4.2% against the US dollar during the 24 hour period ending at 10:00 AM E.T. on April 7th. Over the last seven days, IOTA has traded down 11.3% against the US dollar. IOTA has a market cap of $557.68 million and approximately $70.25 million worth of IOTA was traded on exchanges in the last day. One IOTA coin can now be purchased for about $0.15 or 0.00000192 BTC on popular exchanges.

Here is how other cryptocurrencies have performed over the last day:

• Creditcoin (CTC) traded 7.6% lower against the dollar and now trades at $0.52 or 0.00000663 BTC.
• Pax Dollar (USDP) traded down 0% against the dollar and now trades at $1.00 or 0.00001274 BTC.
• Electroneum (ETN) traded down 3.2% against the dollar and now trades at $0.0016 or 0.00000002 BTC.
• Verasity (VRA) traded up 2.6% against the dollar and now trades at $0.0011 or 0.00000001 BTC.
• The Transfer Token (TTT) traded 18.6% lower against the dollar and now trades at $0.0030 or 0.00000003 BTC.
• Meter Governance (MTRG) traded down 1.8% against the dollar and now trades at $0.0738 or 0.00000094 BTC.
• SOLVE (SOLVE) traded up 4.6% against the dollar and now trades at $0.0001 or 0.00000000 BTC.

IOTA Coin Profile

MIOTA uses the hashing algorithm. It launched on November 25th, 2015. IOTA’s total supply is 3,707,948,285 coins. IOTA’s official message board is forum.iota.org. IOTA’s official website 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.

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

MIOTA/USD price chart by TradingView