IOTA Price Tops $0.10 on Top Exchanges (MIOTA)

IOTA (MIOTA) traded down 3.5% against the dollar during the 1 day period ending at 12:00 PM E.T. on December 3rd. One IOTA coin can currently be bought for $0.10 or 0.00000109 BTC on major exchanges. During the last seven days, IOTA has traded 12.1% lower against the dollar. IOTA has a market cap of $421.48 million and approximately $18.39 million worth of IOTA was traded on exchanges in the last day.

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

• Creditcoin (CTC) traded up 0.9% against the dollar and now trades at $0.29 or 0.00000314 BTC.
• Pax Dollar (USDP) traded down 0% against the dollar and now trades at $1.00 or 0.00001077 BTC.
• Verasity (VRA) traded down 2.8% against the dollar and now trades at $0.0003 or 0.00000000 BTC.
• Electroneum (ETN) traded 3.5% lower against the dollar and now trades at $0.0015 or 0.00000002 BTC.
• The Transfer Token (TTT) traded 18.6% lower against the dollar and now trades at $0.0030 or 0.00000003 BTC.
• Meter Governance (MTRG) traded 1.6% lower against the dollar and now trades at $0.0349 or 0.00000038 BTC.
• SOLVE (SOLVE) traded 30.4% higher against the dollar and now trades at $0.0002 or 0.00000000 BTC.

IOTA Profile

IOTA uses the hashing algorithm. It launched on November 25th, 2015. IOTA’s total supply is 4,600,000,000 coins and its circulating supply is 4,168,752,982 coins. IOTA’s official Twitter account is @iota and its Facebook page is accessible here. IOTA’s official website is www.iota.org. IOTA’s official message board 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.

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 currently possible to buy alternative cryptocurrencies such as IOTA directly using US dollars. Investors seeking to trade IOTA should first buy Bitcoin or Ethereum using an exchange that deals in US dollars such as Gemini, GDAX or Changelly. Investors can then use their newly-acquired Bitcoin or Ethereum to buy IOTA using one of the exchanges listed above.

MIOTA/USD price chart by TradingView