IOTA Price Down 6% This Week (MIOTA)

IOTA (MIOTA) traded down 7.1% against the dollar during the one day period ending at 9:00 AM Eastern on February 22nd. IOTA has a market cap of $815.91 million and approximately $26.78 million worth of IOTA was traded on exchanges in the last 24 hours. One IOTA coin can currently be purchased for approximately $0.22 or 0.00000231 BTC on popular exchanges. In the last week, IOTA has traded down 6% against the dollar.

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

• Creditcoin (CTC) traded 4.6% lower against the dollar and now trades at $0.76 or 0.00000788 BTC.
• Pax Dollar (USDP) traded 0% lower against the dollar and now trades at $1.00 or 0.00001034 BTC.
• Electroneum (ETN) traded down 2.1% against the dollar and now trades at $0.0022 or 0.00000002 BTC.
• Verasity (VRA) traded down 6.9% against the dollar and now trades at $0.0025 or 0.00000003 BTC.
• The Transfer Token (TTT) traded down 0% against the dollar and now trades at $0.0037 or 0.00000004 BTC.
• Meter Governance (MTRG) traded down 7.4% against the dollar and now trades at $0.14 or 0.00000140 BTC.
• SOLVE (SOLVE) traded 3.2% lower against the dollar and now trades at $0.0020 or 0.00000002 BTC.

About IOTA

IOTA (CRYPTO:MIOTA) uses the hashing algorithm. Its genesis date was November 25th, 2015. IOTA’s total supply is 3,650,535,129 coins. 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. 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 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 Changelly, Gemini or Coinbase. 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