IOTA Tops 24 Hour Volume of $13.97 Million (MIOTA)

IOTA (MIOTA) traded down 3.8% against the US dollar during the 24 hour period ending at 21:00 PM ET on April 26th. One IOTA coin can now be bought for approximately $0.22 or 0.00000359 BTC on popular cryptocurrency exchanges. In the last week, IOTA has traded up 0.5% against the US dollar. IOTA has a market cap of $725.93 million and approximately $13.97 million worth of IOTA was traded on exchanges in the last 24 hours.

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

• Creditcoin (CTC) traded down 0.4% against the dollar and now trades at $0.68 or 0.00001089 BTC.
• Pax Dollar (USDP) traded down 0.2% against the dollar and now trades at $1.00 or 0.00001600 BTC.
• Electroneum (ETN) traded down 1.4% against the dollar and now trades at $0.0040 or 0.00000006 BTC.
• Verasity (VRA) traded 5.3% lower against the dollar and now trades at $0.0056 or 0.00000009 BTC.
• Meter Governance (MTRG) traded down 1.1% against the dollar and now trades at $1.40 or 0.00002234 BTC.
• The Transfer Token (TTT) traded 67.7% higher against the dollar and now trades at $0.0080 or 0.00000013 BTC.
• SOLVE (SOLVE) traded up 0.2% against the dollar and now trades at $0.0201 or 0.00000032 BTC.

IOTA Profile

MIOTA uses the hashing algorithm. Its launch date was 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. IOTA’s official message board is forum.iota.org. IOTA’s official website 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 buy alternative cryptocurrencies such as IOTA directly using US dollars. Investors seeking to trade IOTA should first buy Ethereum or Bitcoin using an exchange that deals in US dollars such as Changelly, GDAX or Coinbase. Investors can then use their newly-acquired Ethereum or Bitcoin to buy IOTA using one of the aforementioned exchanges.

MIOTA/USD price chart by TradingView