IOTA Achieves Market Capitalization of $557.69 Million (MIOTA)

IOTA (MIOTA) traded down 2% against the US dollar during the 24-hour period ending at 17:00 PM Eastern on June 29th. One IOTA coin can currently be purchased for about $0.17 or 0.00000275 BTC on popular exchanges. IOTA has a total market cap of $557.69 million and $4.85 million worth of IOTA was traded on exchanges in the last day. During the last week, IOTA has traded down 3.5% against the US dollar.

Here is how related cryptocurrencies have performed during the last day:

• Creditcoin (CTC) traded 3.6% higher against the dollar and now trades at $0.49 or 0.00000810 BTC.
• Pax Dollar (USDP) traded 0% lower against the dollar and now trades at $1.00 or 0.00001639 BTC.
• Electroneum (ETN) traded up 3.1% against the dollar and now trades at $0.0025 or 0.00000004 BTC.
• Verasity (VRA) traded down 0.7% against the dollar and now trades at $0.0032 or 0.00000005 BTC.
• Meter Governance (MTRG) traded up 0.9% against the dollar and now trades at $0.89 or 0.00001462 BTC.
• The Transfer Token (TTT) traded up 28.1% against the dollar and now trades at $0.0065 or 0.00000011 BTC.
• SOLVE (SOLVE) traded 1.4% lower against the dollar and now trades at $0.0121 or 0.00000020 BTC.

IOTA Profile

IOTA (CRYPTO:MIOTA) uses the hashing algorithm. It was first traded on November 25th, 2015. IOTA’s total supply is 3,325,193,912 coins. IOTA’s official Twitter account is @iota and its Facebook page is accessible here. 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. 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.”

Buying and Selling IOTA

It is usually not currently possible to buy alternative cryptocurrencies such as IOTA directly using US dollars. Investors seeking to trade IOTA should first buy Ethereum or Bitcoin using an exchange that deals in US dollars such as Coinbase, Gemini or GDAX. Investors can then use their newly-acquired Ethereum or Bitcoin to buy IOTA using one of the exchanges listed above.

MIOTA/USD price chart by TradingView