IOTA (MIOTA) Trading 14.3% Lower This Week

IOTA (MIOTA) traded 7.6% lower against the US dollar during the 1-day period ending at 17:00 PM Eastern on June 17th. One IOTA coin can currently be purchased for $0.18 or 0.00000264 BTC on popular cryptocurrency exchanges. In the last week, IOTA has traded down 14.3% against the US dollar. IOTA has a total market cap of $581.56 million and approximately $18.26 million worth of IOTA was traded on exchanges in the last day.

Here’s how other cryptocurrencies have performed in the last day:

• Creditcoin (CTC) traded down 8.8% against the dollar and now trades at $0.47 or 0.00000699 BTC.
• Pax Dollar (USDP) traded 0.1% higher against the dollar and now trades at $1.00 or 0.00001503 BTC.
• Electroneum (ETN) traded 0.5% lower against the dollar and now trades at $0.0027 or 0.00000004 BTC.
• Meter Governance (MTRG) traded down 1.6% against the dollar and now trades at $1.08 or 0.00001617 BTC.
• Verasity (VRA) traded down 5.1% against the dollar and now trades at $0.0034 or 0.00000005 BTC.
• SOLVE (SOLVE) traded 9.2% lower against the dollar and now trades at $0.0139 or 0.00000021 BTC.
• The Transfer Token (TTT) traded down 24.3% against the dollar and now trades at $0.0051 or 0.00000008 BTC.

IOTA Coin Profile

IOTA (CRYPTO:MIOTA) uses the hashing algorithm. It launched on November 25th, 2015. IOTA’s total supply is 3,306,056,194 coins. IOTA’s official website 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. 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 currently possible to purchase alternative cryptocurrencies such as IOTA directly using US dollars. Investors seeking to acquire IOTA should first purchase Bitcoin or Ethereum using an exchange that deals in US dollars such as Changelly, GDAX or Coinbase. 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