IOTA Price Hits $0.16 (MIOTA)

IOTA (MIOTA) traded 6.7% higher against the dollar during the twenty-four hour period ending at 14:00 PM Eastern on July 6th. One IOTA coin can now be bought for about $0.16 or 0.00000277 BTC on major exchanges. IOTA has a total market capitalization of $533.10 million and $8.20 million worth of IOTA was traded on exchanges in the last day. During the last week, IOTA has traded down 5.2% against the dollar.

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

• Creditcoin (CTC) traded up 6% against the dollar and now trades at $0.49 or 0.00000847 BTC.
• Pax Dollar (USDP) traded down 0% against the dollar and now trades at $1.00 or 0.00001726 BTC.
• Electroneum (ETN) traded up 1.7% against the dollar and now trades at $0.0023 or 0.00000004 BTC.
• Verasity (VRA) traded 7.4% higher against the dollar and now trades at $0.0033 or 0.00000006 BTC.
• Meter Governance (MTRG) traded 1% higher against the dollar and now trades at $0.80 or 0.00001383 BTC.
• The Transfer Token (TTT) traded 0.4% lower against the dollar and now trades at $0.0065 or 0.00000010 BTC.
• SOLVE (SOLVE) traded up 2.1% against the dollar and now trades at $0.0100 or 0.00000017 BTC.

IOTA Coin Profile

IOTA (MIOTA) uses the hashing algorithm. Its launch date was 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. The official website for IOTA is www.iota.org. IOTA’s official message board is forum.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 possible to purchase alternative cryptocurrencies such as IOTA directly using US dollars. Investors seeking to trade IOTA should first purchase Ethereum or Bitcoin using an exchange that deals in US dollars such as Changelly, Gemini or GDAX. 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