IOTA Reaches Market Cap of $807.72 Million (MIOTA)

IOTA (MIOTA) traded 1.6% higher against the US dollar during the one day period ending at 18:00 PM Eastern on April 23rd. IOTA has a total market cap of $807.72 million and $18.24 million worth of IOTA was traded on exchanges in the last day. One IOTA coin can now be bought for approximately $0.25 or 0.00000377 BTC on popular cryptocurrency exchanges. During the last seven days, IOTA has traded up 12.5% against the US dollar.

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

• Creditcoin (CTC) traded down 1% against the dollar and now trades at $0.78 or 0.00001171 BTC.
• Pax Dollar (USDP) traded 0.1% higher against the dollar and now trades at $1.00 or 0.00001508 BTC.
• Electroneum (ETN) traded 10.4% lower against the dollar and now trades at $0.0041 or 0.00000006 BTC.
• Verasity (VRA) traded 5.3% lower against the dollar and now trades at $0.0060 or 0.00000009 BTC.
• Meter Governance (MTRG) traded down 2.2% against the dollar and now trades at $1.47 or 0.00002213 BTC.
• The Transfer Token (TTT) traded 0.3% higher against the dollar and now trades at $0.0081 or 0.00000013 BTC.
• SOLVE (SOLVE) traded down 0.7% against the dollar and now trades at $0.0209 or 0.00000031 BTC.

About IOTA

MIOTA uses the hashing algorithm. Its launch date was November 25th, 2015. IOTA’s total supply is 3,229,505,319 coins. IOTA’s official message board is forum.iota.org. 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. 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.”

IOTA Coin Trading

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

MIOTA/USD price chart by TradingView