IOTA Price Up 12.9% Over Last Week (MIOTA)

IOTA (MIOTA) traded 3% higher against the US dollar during the twenty-four hour period ending at 10:00 AM Eastern on August 23rd. One IOTA coin can currently be bought for about $0.14 or 0.00000232 BTC on cryptocurrency exchanges. IOTA has a total market capitalization of $487.63 million and approximately $6.48 million worth of IOTA was traded on exchanges in the last day. During the last week, IOTA has traded 12.9% higher against the US dollar.

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

• Creditcoin (CTC) traded 3.9% higher against the dollar and now trades at $0.45 or 0.00000726 BTC.
• Pax Dollar (USDP) traded up 0.1% against the dollar and now trades at $1.00 or 0.00001618 BTC.
• Electroneum (ETN) traded up 1.6% against the dollar and now trades at $0.0019 or 0.00000003 BTC.
• Verasity (VRA) traded 3.1% higher against the dollar and now trades at $0.0029 or 0.00000005 BTC.
• Meter Governance (MTRG) traded 3.2% higher against the dollar and now trades at $0.53 or 0.00000864 BTC.
• The Transfer Token (TTT) traded 0.3% higher against the dollar and now trades at $0.0060 or 0.00000010 BTC.
• SOLVE (SOLVE) traded 15.4% higher against the dollar and now trades at $0.0124 or 0.00000020 BTC.

IOTA Profile

MIOTA uses the hashing algorithm. Its genesis date was November 25th, 2015. IOTA’s total supply is 3,401,744,787 coins. IOTA’s official Twitter account is @iota and its Facebook page is accessible here. 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.

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

MIOTA/USD price chart by TradingView