IOTA (MIOTA) One Day Trading Volume Reaches $5.51 Million

IOTA (MIOTA) traded down 1.7% against the dollar during the 24-hour period ending at 11:00 AM Eastern on October 28th. One IOTA coin can currently be purchased for approximately $0.11 or 0.00000160 BTC on popular cryptocurrency exchanges. IOTA has a total market capitalization of $382.09 million and approximately $5.51 million worth of IOTA was traded on exchanges in the last 24 hours. In the last week, IOTA has traded 9.4% lower against the dollar.

Here’s how related cryptocurrencies have performed in the last 24 hours:

• Creditcoin (CTC) traded 0.1% lower against the dollar and now trades at $0.37 or 0.00000544 BTC.
• Pax Dollar (USDP) traded up 0.1% against the dollar and now trades at $1.00 or 0.00001458 BTC.
• Electroneum (ETN) traded up 0.8% against the dollar and now trades at $0.0020 or 0.00000003 BTC.
• Verasity (VRA) traded 2.6% lower against the dollar and now trades at $0.0025 or 0.00000004 BTC.
• Meter Governance (MTRG) traded up 0.7% against the dollar and now trades at $0.25 or 0.00000361 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 1.2% higher against the dollar and now trades at $0.0083 or 0.00000012 BTC.

IOTA Coin Profile

IOTA (MIOTA) uses the hashing algorithm. Its genesis date was November 25th, 2015. IOTA’s total supply is 3,478,295,661 coins. 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. The official website for IOTA is www.iota.org. The official message board for IOTA is forum.iota.org.

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 presently possible to buy alternative cryptocurrencies such as IOTA directly using U.S. dollars. Investors seeking to acquire IOTA should first buy Bitcoin or Ethereum using an exchange that deals in U.S. 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