IOTA Reaches Market Capitalization of $699.14 Million (MIOTA)

IOTA (MIOTA) traded 3.7% higher against the US dollar during the 1 day period ending at 8:00 AM Eastern on May 2nd. Over the last week, IOTA has traded 8.1% lower against the US dollar. One IOTA coin can currently be bought for approximately $0.22 or 0.00000366 BTC on major cryptocurrency exchanges. IOTA has a total market capitalization of $699.14 million and $16.40 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 1.1% higher against the dollar and now trades at $0.62 or 0.00001058 BTC.
  • Pax Dollar (USDP) traded up 0.3% against the dollar and now trades at $1.00 or 0.00001704 BTC.
  • Electroneum (ETN) traded down 6.5% against the dollar and now trades at $0.0032 or 0.00000005 BTC.
  • Verasity (VRA) traded 3% higher against the dollar and now trades at $0.0054 or 0.00000009 BTC.
  • Meter Governance (MTRG) traded up 1.5% against the dollar and now trades at $1.37 or 0.00002326 BTC.
  • The Transfer Token (TTT) traded 75.4% higher against the dollar and now trades at $0.0140 or 0.00000024 BTC.
  • SOLVE (SOLVE) traded down 0.3% against the dollar and now trades at $0.0183 or 0.00000031 BTC.

IOTA Coin Profile

IOTA (CRYPTO:MIOTA) uses the hashing algorithm. Its launch date was November 25th, 2015. IOTA’s total supply is 3,248,643,038 coins. IOTA’s official message board is forum.iota.org. 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. 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 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 Gemini, GDAX or Changelly. Investors can then use their newly-acquired Bitcoin or Ethereum to purchase IOTA using one of the exchanges listed above.

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