IOTA (MIOTA) Achieves Self Reported Market Capitalization of $278.36 Million

IOTA (MIOTA) traded up 0.6% against the dollar during the one day period ending at 7:00 AM E.T. on March 9th. One IOTA coin can now be bought for approximately $0.0646 or 0.00000096 BTC on major cryptocurrency exchanges. IOTA has a total market cap of $278.36 million and approximately $11.06 million worth of IOTA was traded on exchanges in the last 24 hours. Over the last week, IOTA has traded 1.9% lower against the dollar.

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

• Creditcoin (CTC) traded down 0.2% against the dollar and now trades at $0.15 or 0.00000226 BTC.
• Pax Dollar (USDP) traded 0% lower against the dollar and now trades at $1.00 or 0.00001478 BTC.
• Electroneum (ETN) traded down 2.8% against the dollar and now trades at $0.0010 or 0.00000001 BTC.
• The Transfer Token (TTT) traded 18.6% lower against the dollar and now trades at $0.0030 or 0.00000003 BTC.
• Verasity (VRA) traded down 1% against the dollar and now trades at $0.0000 or 0.00000000 BTC.
• Meter Governance (MTRG) traded 0.4% higher against the dollar and now trades at $0.0218 or 0.00000032 BTC.
• SOLVE (SOLVE) traded down 15.9% against the dollar and now trades at $0.0001 or 0.00000000 BTC.

IOTA Profile

IOTA (CRYPTO:MIOTA) uses the hashing algorithm. Its genesis date was November 25th, 2015. IOTA’s total supply is 4,600,000,000 coins and its circulating supply is 4,307,397,334 coins. The official message board for IOTA is forum.iota.org. The official website for IOTA 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): Discord, Facebook, Instagram, YouTube, LinkedIn, BitcoinTalk, GitHub, RedditWhitepaper”

Buying and Selling IOTA

It is usually not presently 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 Coinbase, Gemini or GDAX. Investors can then use their newly-acquired Ethereum or Bitcoin to purchase IOTA using one of the aforementioned exchanges.

MIOTA/USD price chart by TradingView