IOTA (MIOTA) Achieves Market Cap of $652.84 Million

IOTA (MIOTA) traded down 5.8% against the dollar during the 24-hour period ending at 15:00 PM Eastern on June 13th. One IOTA coin can now be bought for about $0.20 or 0.00000295 BTC on exchanges. IOTA has a market cap of $652.84 million and approximately $13.26 million worth of IOTA was traded on exchanges in the last 24 hours. During the last week, IOTA has traded down 14.1% against the dollar.

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

  • Creditcoin (CTC) traded 4.7% lower against the dollar and now trades at $0.61 or 0.00000907 BTC.
  • Pax Dollar (USDP) traded up 0% against the dollar and now trades at $1.00 or 0.00001497 BTC.
  • Electroneum (ETN) traded 14.1% lower against the dollar and now trades at $0.0022 or 0.00000003 BTC.
  • Verasity (VRA) traded 4.7% lower against the dollar and now trades at $0.0038 or 0.00000006 BTC.
  • Meter Governance (MTRG) traded down 5.6% against the dollar and now trades at $1.14 or 0.00001699 BTC.
  • SOLVE (SOLVE) traded 5% lower against the dollar and now trades at $0.0160 or 0.00000024 BTC.
  • The Transfer Token (TTT) traded 24.2% lower against the dollar and now trades at $0.0051 or 0.00000008 BTC.

IOTA Coin Profile

IOTA uses the hashing algorithm. It launched on November 25th, 2015. IOTA’s total supply is 3,306,056,194 coins. The official message board for IOTA is forum.iota.org. IOTA’s official Twitter account is @iota and its Facebook page is accessible here. 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.

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

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