IOTA Price Hits $0.11 on Major Exchanges (MIOTA)

IOTA (MIOTA) traded up 1.4% against the US dollar during the twenty-four hour period ending at 23:00 PM ET on October 27th. Over the last seven days, IOTA has traded down 10.8% against the US dollar. IOTA has a market cap of $384.44 million and $4.53 million worth of IOTA was traded on exchanges in the last 24 hours. One IOTA coin can now be purchased for approximately $0.11 or 0.00000163 BTC on cryptocurrency exchanges.

Here’s how related cryptocurrencies have performed over the last 24 hours:

• Creditcoin (CTC) traded 3% higher against the dollar and now trades at $0.38 or 0.00000558 BTC.
• Pax Dollar (USDP) traded 0% higher against the dollar and now trades at $1.00 or 0.00001476 BTC.
• Electroneum (ETN) traded up 5.4% against the dollar and now trades at $0.0021 or 0.00000003 BTC.
• Verasity (VRA) traded 0.5% lower against the dollar and now trades at $0.0026 or 0.00000004 BTC.
• Meter Governance (MTRG) traded 8.6% lower against the dollar and now trades at $0.25 or 0.00000370 BTC.
• The Transfer Token (TTT) traded down 25.7% against the dollar and now trades at $0.0037 or 0.00000006 BTC.
• SOLVE (SOLVE) traded 4.5% lower against the dollar and now trades at $0.0075 or 0.00000011 BTC.

IOTA Profile

IOTA uses the hashing algorithm. It launched on November 25th, 2015. IOTA’s total supply is 3,478,295,661 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 website is www.iota.org. IOTA’s official message board 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.”

IOTA Coin Trading

It is usually not presently possible to purchase alternative cryptocurrencies such as IOTA directly using US dollars. Investors seeking to acquire IOTA should first purchase Ethereum or Bitcoin using an exchange that deals in US dollars such as Changelly, GDAX or Gemini. Investors can then use their newly-acquired Ethereum or Bitcoin to purchase IOTA using one of the aforementioned exchanges.

MIOTA/USD price chart by TradingView