IOTA Trading Up 6.6% This Week (MIOTA)

IOTA (MIOTA) traded 1.1% higher against the U.S. dollar during the 1 day period ending at 22:00 PM ET on August 13th. One IOTA coin can now be purchased for approximately $0.14 or 0.00000224 BTC on major cryptocurrency exchanges. IOTA has a total market cap of $460.71 million and approximately $6.49 million worth of IOTA was traded on exchanges in the last day. During the last seven days, IOTA has traded up 6.6% against the U.S. dollar.

Here is how similar cryptocurrencies have performed during the last day:

• Creditcoin (CTC) traded 2.1% lower against the dollar and now trades at $0.43 or 0.00000702 BTC.
• Pax Dollar (USDP) traded 0.1% lower against the dollar and now trades at $1.00 or 0.00001645 BTC.
• Electroneum (ETN) traded down 7.1% against the dollar and now trades at $0.0020 or 0.00000003 BTC.
• Verasity (VRA) traded 2.5% higher against the dollar and now trades at $0.0026 or 0.00000004 BTC.
• Meter Governance (MTRG) traded down 2.5% against the dollar and now trades at $0.52 or 0.00000854 BTC.
• The Transfer Token (TTT) traded 0% lower against the dollar and now trades at $0.0060 or 0.00000010 BTC.
• SOLVE (SOLVE) traded down 8.2% against the dollar and now trades at $0.0111 or 0.00000018 BTC.

IOTA Profile

IOTA (CRYPTO:MIOTA) uses the hashing algorithm. It launched on November 25th, 2015. IOTA’s total supply is 3,382,607,068 coins. IOTA’s official message board is forum.iota.org. IOTA’s official Twitter account is @iota and its Facebook page is accessible here. The official website for IOTA 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.

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 US dollars. Investors seeking to trade IOTA should first purchase Ethereum or Bitcoin using an exchange that deals in US dollars such as Gemini, Coinbase or Changelly. Investors can then use their newly-acquired Ethereum or Bitcoin to purchase IOTA using one of the exchanges listed above.

MIOTA/USD price chart by TradingView