IOTA Trading Up 21.4% This Week (MIOTA)

IOTA (MIOTA) traded up 1.5% against the U.S. dollar during the twenty-four hour period ending at 9:00 AM ET on November 22nd. One IOTA coin can currently be purchased for about $0.18 or 0.00000181 BTC on major cryptocurrency exchanges. IOTA has a market cap of $622.33 million and approximately $32.99 million worth of IOTA was traded on exchanges in the last 24 hours. During the last week, IOTA has traded up 21.4% against the U.S. dollar.

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

• Creditcoin (CTC) traded up 7.4% against the dollar and now trades at $0.85 or 0.00000865 BTC.
• Pax Dollar (USDP) traded down 0% against the dollar and now trades at $1.00 or 0.00001022 BTC.
• Electroneum (ETN) traded 1.9% lower against the dollar and now trades at $0.0019 or 0.00000002 BTC.
• Verasity (VRA) traded down 7.5% against the dollar and now trades at $0.0032 or 0.00000003 BTC.
• Meter Governance (MTRG) traded down 3.3% against the dollar and now trades at $0.32 or 0.00000323 BTC.
• The Transfer Token (TTT) traded 0% higher against the dollar and now trades at $0.0037 or 0.00000004 BTC.
• SOLVE (SOLVE) traded down 7.6% against the dollar and now trades at $0.0063 or 0.00000006 BTC.

About IOTA

IOTA (CRYPTO:MIOTA) uses the hashing algorithm. Its genesis date was November 25th, 2015. IOTA’s total supply is 3,516,571,099 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. The official message board for IOTA is forum.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.”

Buying and Selling IOTA

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

MIOTA/USD price chart by TradingView