IOTA Hits 1-Day Volume of $8.60 Million (MIOTA)

IOTA (MIOTA) traded down 3.9% against the US dollar during the one day period ending at 20:00 PM Eastern on October 23rd. Over the last week, IOTA has traded down 4.9% against the US dollar. One IOTA coin can now be bought for about $0.12 or 0.00000173 BTC on popular exchanges. IOTA has a market capitalization of $402.33 million and $8.60 million worth of IOTA was traded on exchanges in the last 24 hours.

Here is how similar cryptocurrencies have performed over the last 24 hours:

• Creditcoin (CTC) traded down 1.8% against the dollar and now trades at $0.40 or 0.00000598 BTC.
• Pax Dollar (USDP) traded 0.1% lower against the dollar and now trades at $1.00 or 0.00001499 BTC.
• Electroneum (ETN) traded 5.7% lower against the dollar and now trades at $0.0021 or 0.00000003 BTC.
• Verasity (VRA) traded down 6.6% against the dollar and now trades at $0.0027 or 0.00000004 BTC.
• Meter Governance (MTRG) traded 3.2% lower against the dollar and now trades at $0.32 or 0.00000477 BTC.
• The Transfer Token (TTT) traded 25.7% lower against the dollar and now trades at $0.0037 or 0.00000006 BTC.
• SOLVE (SOLVE) traded 1.9% lower against the dollar and now trades at $0.0087 or 0.00000013 BTC.

IOTA Coin Profile

IOTA (CRYPTO:MIOTA) uses the hashing algorithm. Its launch date was November 25th, 2015. IOTA’s total supply is 3,478,295,661 coins. 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. IOTA’s official website is www.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 currently possible to buy alternative cryptocurrencies such as IOTA directly using US dollars. Investors seeking to acquire IOTA should first buy 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 buy IOTA using one of the exchanges listed above.

MIOTA/USD price chart by TradingView