IOTA Price Up 4.9% This Week (MIOTA)

IOTA (MIOTA) traded up 0.1% against the U.S. dollar during the 1 day period ending at 9:00 AM Eastern on May 24th. In the last week, IOTA has traded 4.9% higher against the U.S. dollar. One IOTA coin can currently be purchased for $0.23 or 0.00000340 BTC on popular exchanges. IOTA has a market capitalization of $746.49 million and approximately $26.72 million worth of IOTA was traded on exchanges in the last 24 hours.

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

• Creditcoin (CTC) traded up 1.9% against the dollar and now trades at $0.72 or 0.00001078 BTC.
• Pax Dollar (USDP) traded up 0% against the dollar and now trades at $1.00 or 0.00001488 BTC.
• Electroneum (ETN) traded up 2.5% against the dollar and now trades at $0.0030 or 0.00000005 BTC.
• Verasity (VRA) traded down 1.8% against the dollar and now trades at $0.0052 or 0.00000008 BTC.
• Meter Governance (MTRG) traded 1.1% lower against the dollar and now trades at $1.14 or 0.00001689 BTC.
• The Transfer Token (TTT) traded 6% lower against the dollar and now trades at $0.0110 or 0.00000016 BTC.
• SOLVE (SOLVE) traded 1.3% lower against the dollar and now trades at $0.0178 or 0.00000026 BTC.

IOTA Profile

IOTA (MIOTA) uses the hashing algorithm. It launched on November 25th, 2015. IOTA’s total supply is 3,267,780,757 coins. 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 message board is forum.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.”

IOTA Coin Trading

It is usually not presently 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, Coinbase or GDAX. 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