IOTA Tops One Day Volume of $42.94 Million (MIOTA)

IOTA (MIOTA) traded 3.2% lower against the dollar during the 24 hour period ending at 10:00 AM E.T. on March 10th. One IOTA coin can now be bought for approximately $0.18 or 0.00000224 BTC on exchanges. IOTA has a total market capitalization of $656.31 million and approximately $42.94 million worth of IOTA was traded on exchanges in the last 24 hours. Over the last week, IOTA has traded down 24.5% against the dollar.

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

• Creditcoin (CTC) traded 7.2% lower against the dollar and now trades at $0.58 or 0.00000731 BTC.
• Pax Dollar (USDP) traded down 0% against the dollar and now trades at $1.00 or 0.00001254 BTC.
• Electroneum (ETN) traded down 3.8% against the dollar and now trades at $0.0019 or 0.00000002 BTC.
• Verasity (VRA) traded down 10.3% against the dollar and now trades at $0.0014 or 0.00000002 BTC.
• The Transfer Token (TTT) traded 0% lower against the dollar and now trades at $0.0037 or 0.00000004 BTC.
• Meter Governance (MTRG) traded 8% lower against the dollar and now trades at $0.0837 or 0.00000105 BTC.
• SOLVE (SOLVE) traded down 6.7% against the dollar and now trades at $0.0015 or 0.00000002 BTC.

IOTA Coin Profile

IOTA uses the hashing algorithm. It was first traded on November 25th, 2015. IOTA’s total supply is 3,669,672,848 coins. 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 website is www.iota.org. 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 possible to purchase alternative cryptocurrencies such as IOTA directly using U.S. dollars. Investors seeking to acquire IOTA should first purchase Ethereum or Bitcoin using an exchange that deals in U.S. dollars such as Changelly, Gemini or GDAX. Investors can then use their newly-acquired Ethereum or Bitcoin to purchase IOTA using one of the exchanges listed above.

MIOTA/USD price chart by TradingView