IOTA (MIOTA) Hits 24 Hour Volume of $4.48 Million

IOTA (MIOTA) traded down 0.4% against the US dollar during the 1-day period ending at 18:00 PM Eastern on November 2nd. IOTA has a market capitalization of $382.80 million and $4.48 million worth of IOTA was traded on exchanges in the last 24 hours. One IOTA coin can currently be bought for $0.11 or 0.00000158 BTC on cryptocurrency exchanges. During the last week, IOTA has traded 0.7% higher against the US dollar.

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

• Creditcoin (CTC) traded 1% lower against the dollar and now trades at $0.37 or 0.00000530 BTC.
• Pax Dollar (USDP) traded up 0% against the dollar and now trades at $1.00 or 0.00001440 BTC.
• Electroneum (ETN) traded down 1.8% against the dollar and now trades at $0.0020 or 0.00000003 BTC.
• Verasity (VRA) traded up 0% against the dollar and now trades at $0.0025 or 0.00000004 BTC.
• Meter Governance (MTRG) traded 2.6% higher against the dollar and now trades at $0.25 or 0.00000359 BTC.
• The Transfer Token (TTT) traded down 25.7% against the dollar and now trades at $0.0037 or 0.00000006 BTC.
• SOLVE (SOLVE) traded 0% higher against the dollar and now trades at $0.0077 or 0.00000011 BTC.

IOTA Coin Profile

IOTA uses the hashing algorithm. It launched on November 25th, 2015. IOTA’s total supply is 3,497,433,380 coins. The official message board for IOTA 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. IOTA’s official website is www.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 presently possible to buy alternative cryptocurrencies such as IOTA directly using US dollars. Investors seeking to acquire IOTA should first buy Bitcoin or Ethereum using an exchange that deals in US dollars such as Gemini, Coinbase or GDAX. Investors can then use their newly-acquired Bitcoin or Ethereum to buy IOTA using one of the aforementioned exchanges.

MIOTA/USD price chart by TradingView