IOTA Trading 8.1% Lower Over Last Week (MIOTA)

IOTA (MIOTA) traded 5.3% higher against the US dollar during the twenty-four hour period ending at 16:00 PM ET on November 5th. Over the last seven days, IOTA has traded 8.1% lower against the US dollar. One IOTA coin can currently be bought for $0.11 or 0.00000155 BTC on popular cryptocurrency exchanges. IOTA has a total market cap of $376.61 million and $6.58 million worth of IOTA was traded on exchanges in the last 24 hours.

Here is how other cryptocurrencies have performed over the last 24 hours:

• Creditcoin (CTC) traded up 2.1% against the dollar and now trades at $0.37 or 0.00000531 BTC.
• Pax Dollar (USDP) traded 0% higher against the dollar and now trades at $1.00 or 0.00001439 BTC.
• Electroneum (ETN) traded 1% lower against the dollar and now trades at $0.0019 or 0.00000003 BTC.
• Verasity (VRA) traded up 14% against the dollar and now trades at $0.0027 or 0.00000004 BTC.
• The Transfer Token (TTT) traded down 25.7% against the dollar and now trades at $0.0037 or 0.00000006 BTC.
• Meter Governance (MTRG) traded 8.8% higher against the dollar and now trades at $0.26 or 0.00000377 BTC.
• SOLVE (SOLVE) traded up 9.9% against the dollar and now trades at $0.0076 or 0.00000011 BTC.

IOTA Profile

MIOTA uses the hashing algorithm. It launched on November 25th, 2015. IOTA’s total supply is 3,497,433,380 coins. IOTA’s official website is www.iota.org. IOTA’s official Twitter account is @iota and its Facebook page is accessible here. 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.

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 U.S. dollars. Investors seeking to trade IOTA should first purchase Ethereum or Bitcoin using an exchange that deals in U.S. dollars such as Coinbase, GDAX or Changelly. 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