IOTA (MIOTA) Hits 24 Hour Volume of $49.05 Million

IOTA (MIOTA) traded down 11.3% against the dollar during the 1 day period ending at 9:00 AM Eastern on November 26th. IOTA has a market cap of $748.93 million and $49.05 million worth of IOTA was traded on exchanges in the last 24 hours. Over the last seven days, IOTA has traded up 19.7% against the dollar. One IOTA coin can now be bought for about $0.21 or 0.00000231 BTC on major cryptocurrency exchanges.

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

• Creditcoin (CTC) traded down 4.1% against the dollar and now trades at $0.80 or 0.00000862 BTC.
• Pax Dollar (USDP) traded 0% higher against the dollar and now trades at $1.00 or 0.00001082 BTC.
• Verasity (VRA) traded 9.6% lower against the dollar and now trades at $0.0053 or 0.00000006 BTC.
• Electroneum (ETN) traded down 6.6% against the dollar and now trades at $0.0023 or 0.00000002 BTC.
• Meter Governance (MTRG) traded 6.1% higher against the dollar and now trades at $0.39 or 0.00000422 BTC.
• The Transfer Token (TTT) traded 0% lower against the dollar and now trades at $0.0037 or 0.00000004 BTC.
• SOLVE (SOLVE) traded 3.2% lower against the dollar and now trades at $0.0065 or 0.00000007 BTC.

About IOTA

MIOTA uses the hashing algorithm. Its launch date was November 25th, 2015. IOTA’s total supply is 3,516,571,099 coins. The Reddit community for IOTA is https://reddit.com/r/iota and the currency’s Github account can be viewed here. The official message board for IOTA is forum.iota.org. IOTA’s official Twitter account is @iota and its Facebook page is accessible here. The official website for IOTA is www.iota.org.

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 acquire IOTA should first buy Ethereum or Bitcoin using an exchange that deals in US dollars such as GDAX, Gemini or Changelly. 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