IOTA (MIOTA) Tops 24-Hour Trading Volume of $18.61 Million

IOTA (MIOTA) traded down 3.9% against the dollar during the 1-day period ending at 22:00 PM Eastern on April 18th. One IOTA coin can now be purchased for about $0.21 or 0.00000344 BTC on cryptocurrency exchanges. During the last seven days, IOTA has traded 33.6% lower against the dollar. IOTA has a market cap of $669.48 million and $18.61 million worth of IOTA was traded on exchanges in the last day.

Here’s how similar cryptocurrencies have performed during the last day:

• Creditcoin (CTC) traded up 2% against the dollar and now trades at $0.70 or 0.00001162 BTC.
• Pax Dollar (USDP) traded down 0% against the dollar and now trades at $1.00 or 0.00001664 BTC.
• Electroneum (ETN) traded 15.2% higher against the dollar and now trades at $0.0054 or 0.00000009 BTC.
• Verasity (VRA) traded up 0.5% against the dollar and now trades at $0.0054 or 0.00000009 BTC.
• Meter Governance (MTRG) traded 3.4% lower against the dollar and now trades at $1.39 or 0.00002305 BTC.
• The Transfer Token (TTT) traded up 0.3% against the dollar and now trades at $0.0081 or 0.00000013 BTC.
• SOLVE (SOLVE) traded 0.2% higher against the dollar and now trades at $0.0196 or 0.00000033 BTC.

IOTA Coin Profile

IOTA (MIOTA) uses the hashing algorithm. Its genesis date was November 25th, 2015. IOTA’s total supply is 3,229,505,319 coins. The official message board for IOTA 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. The official website for IOTA is www.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.”

Buying and Selling IOTA

It is usually not presently possible to purchase alternative cryptocurrencies such as IOTA directly using U.S. dollars. Investors seeking to acquire IOTA should first purchase Bitcoin or Ethereum using an exchange that deals in U.S. 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