IOTA Price Down 1% This Week (MIOTA)

IOTA (MIOTA) traded 2.8% higher against the U.S. dollar during the one day period ending at 9:00 AM E.T. on March 22nd. During the last seven days, IOTA has traded down 1% against the U.S. dollar. IOTA has a total market capitalization of $670.87 million and $18.15 million worth of IOTA was traded on exchanges in the last day. One IOTA coin can now be purchased for about $0.18 or 0.00000216 BTC on exchanges.

Here’s how similar cryptocurrencies have performed during the last day:

• Creditcoin (CTC) traded up 1.1% against the dollar and now trades at $0.63 or 0.00000746 BTC.
• Pax Dollar (USDP) traded 0% higher against the dollar and now trades at $1.00 or 0.00001190 BTC.
• Electroneum (ETN) traded 3.2% lower against the dollar and now trades at $0.0018 or 0.00000002 BTC.
• Verasity (VRA) traded 1.9% higher against the dollar and now trades at $0.0016 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 4.8% higher against the dollar and now trades at $0.12 or 0.00000139 BTC.
• SOLVE (SOLVE) traded up 1.5% against the dollar and now trades at $0.0014 or 0.00000002 BTC.

About IOTA

IOTA (CRYPTO:MIOTA) uses the hashing algorithm. It was first traded on November 25th, 2015. IOTA’s total supply is 3,688,810,566 coins. The official message board for IOTA is forum.iota.org. 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.

According to CryptoCompare, “IOTA is an open-source distributed ledger protocol that goes 'beyond blockchain' through its core invention of the blockless ‘Tangle’. The IOTA Tangle is a quantum-proof Directed Acyclic Graph, with no fees on transactions & no fixed limit on how many transactions can be confirmed per second in the network. Instead, throughput grows in conjunction with activity in the network; the more activity, the faster the network. Unlike blockchain architecture, IOTA has no separation between users and validators; rather, validation is an intrinsic property of using the ledger, thus avoiding centralization. IOTA is initially focused on serving as the backbone of the emerging Internet-of-Things (IoT).The total supply of IOTA is (3^33 – 1) / 2 = 2,779,530,283,277,761 tokens. This value is optimized for ternary computation – it is the largest possible 33-digit ternary number:111,111,111,111,111,111,111,111,111,111,111 (base-3) = 2,779,530,283,277,761 (base-10)The total IOTA token supply was “minted” on the genesis transaction and will never change. It is now impossible for anyone to “mint” or “mine” new IOTA tokens.IOTA uses the International System of Units (or SI units):”

Buying and Selling IOTA

It is usually not presently possible to purchase alternative cryptocurrencies such as IOTA directly using US dollars. Investors seeking to acquire 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