IOTA Price Reaches $0.22 on Exchanges (MIOTA)

IOTA (MIOTA) traded 2.1% lower against the US dollar during the 24 hour period ending at 21:00 PM E.T. on April 16th. Over the last seven days, IOTA has traded down 27% against the US dollar. One IOTA coin can currently be purchased for approximately $0.22 or 0.00000343 BTC on popular exchanges. IOTA has a market cap of $709.03 million and $18.23 million worth of IOTA was traded on exchanges in the last day.

Here is how related cryptocurrencies have performed over the last day:

• Creditcoin (CTC) traded 7.8% lower against the dollar and now trades at $0.64 or 0.00001004 BTC.
• Pax Dollar (USDP) traded up 0.1% against the dollar and now trades at $1.00 or 0.00001566 BTC.
• Electroneum (ETN) traded down 7.1% against the dollar and now trades at $0.0051 or 0.00000008 BTC.
• Verasity (VRA) traded 3.3% lower against the dollar and now trades at $0.0054 or 0.00000008 BTC.
• Meter Governance (MTRG) traded 0.5% higher against the dollar and now trades at $1.43 or 0.00002233 BTC.
• The Transfer Token (TTT) traded 0.4% higher against the dollar and now trades at $0.0081 or 0.00000013 BTC.
• SOLVE (SOLVE) traded down 1.3% against the dollar and now trades at $0.0200 or 0.00000031 BTC.

About IOTA

MIOTA uses the hashing algorithm. It launched on November 25th, 2015. IOTA’s total supply is 3,229,505,319 coins. IOTA’s official Twitter account is @iota and its Facebook page is accessible here. The official website for IOTA is www.iota.org. IOTA’s official message board is forum.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.”

IOTA Coin Trading

It is usually not currently possible to purchase alternative cryptocurrencies such as IOTA directly using US dollars. Investors seeking to acquire IOTA should first purchase Bitcoin or Ethereum using an exchange that deals in US dollars such as Coinbase, Changelly or GDAX. Investors can then use their newly-acquired Bitcoin or Ethereum to purchase IOTA using one of the aforementioned exchanges.

MIOTA/USD price chart by TradingView