IOTA Market Cap Tops $572.73 Million (MIOTA)

IOTA (MIOTA) traded down 1.2% against the US dollar during the 24-hour period ending at 20:00 PM Eastern on June 21st. In the last seven days, IOTA has traded down 7.6% against the US dollar. One IOTA coin can now be purchased for $0.17 or 0.00000270 BTC on popular exchanges. IOTA has a total market capitalization of $572.73 million and $12.30 million worth of IOTA was traded on exchanges in the last 24 hours.

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

  • Creditcoin (CTC) traded down 3.1% against the dollar and now trades at $0.45 or 0.00000706 BTC.
  • Pax Dollar (USDP) traded 0% lower against the dollar and now trades at $1.00 or 0.00001560 BTC.
  • Electroneum (ETN) traded up 1.6% against the dollar and now trades at $0.0024 or 0.00000004 BTC.
  • Meter Governance (MTRG) traded down 0.1% against the dollar and now trades at $0.98 or 0.00001522 BTC.
  • Verasity (VRA) traded down 0.9% against the dollar and now trades at $0.0032 or 0.00000005 BTC.
  • The Transfer Token (TTT) traded up 0.2% against the dollar and now trades at $0.0051 or 0.00000008 BTC.
  • SOLVE (SOLVE) traded up 1.5% against the dollar and now trades at $0.0125 or 0.00000020 BTC.

IOTA Coin Profile

MIOTA uses the hashing algorithm. It launched on November 25th, 2015. IOTA’s total supply is 3,306,056,194 coins. 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. 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 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 Coinbase, Changelly or GDAX. Investors can then use their newly-acquired Ethereum or Bitcoin to buy IOTA using one of the exchanges listed above.

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