IOTA Trading Down 7.1% This Week (MIOTA)

IOTA (MIOTA) traded down 3.7% against the US dollar during the 1 day period ending at 16:00 PM ET on July 30th. One IOTA coin can currently be bought for $0.16 or 0.00000237 BTC on major cryptocurrency exchanges. Over the last seven days, IOTA has traded down 7.1% against the US dollar. IOTA has a market cap of $525.02 million and approximately $6.72 million worth of IOTA was traded on exchanges in the last 24 hours.

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

• Creditcoin (CTC) traded 2.3% lower against the dollar and now trades at $0.48 or 0.00000737 BTC.
• Pax Dollar (USDP) traded 0.1% higher against the dollar and now trades at $1.00 or 0.00001524 BTC.
• Electroneum (ETN) traded 3.5% higher against the dollar and now trades at $0.0027 or 0.00000004 BTC.
• Verasity (VRA) traded 4.3% lower against the dollar and now trades at $0.0033 or 0.00000005 BTC.
• Meter Governance (MTRG) traded up 3.4% against the dollar and now trades at $0.67 or 0.00001026 BTC.
• The Transfer Token (TTT) traded 19.7% higher against the dollar and now trades at $0.0060 or 0.00000009 BTC.
• SOLVE (SOLVE) traded up 25.9% against the dollar and now trades at $0.0139 or 0.00000021 BTC.

IOTA Coin Profile

IOTA (CRYPTO:MIOTA) uses the hashing algorithm. It was first traded on November 25th, 2015. IOTA’s total supply is 3,363,469,350 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 Twitter account is @iota and its Facebook page is accessible here. IOTA’s official message board 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 presently possible to buy alternative cryptocurrencies such as IOTA directly using US dollars. Investors seeking to trade IOTA should first buy Bitcoin or Ethereum using an exchange that deals in US dollars such as Coinbase, Gemini or GDAX. Investors can then use their newly-acquired Bitcoin or Ethereum to buy IOTA using one of the exchanges listed above.

MIOTA/USD price chart by TradingView