IOTA Hits 24 Hour Volume of $18.86 Million (MIOTA)

IOTA (MIOTA) traded up 1.3% against the U.S. dollar during the 24-hour period ending at 11:00 AM ET on May 7th. IOTA has a total market cap of $741.32 million and $18.86 million worth of IOTA was traded on exchanges in the last 24 hours. One IOTA coin can currently be bought for $0.23 or 0.00000356 BTC on major exchanges. Over the last seven days, IOTA has traded up 8.2% against the U.S. dollar.

Here’s how related cryptocurrencies have performed over the last 24 hours:

• Creditcoin (CTC) traded 1.5% higher against the dollar and now trades at $0.73 or 0.00001134 BTC.
• Pax Dollar (USDP) traded down 0.1% against the dollar and now trades at $1.00 or 0.00001559 BTC.
• Electroneum (ETN) traded up 1.1% against the dollar and now trades at $0.0036 or 0.00000006 BTC.
• Verasity (VRA) traded 0.1% lower against the dollar and now trades at $0.0059 or 0.00000009 BTC.
• Meter Governance (MTRG) traded 0.2% lower against the dollar and now trades at $1.43 or 0.00002226 BTC.
• SOLVE (SOLVE) traded up 1.4% against the dollar and now trades at $0.0195 or 0.00000030 BTC.
• The Transfer Token (TTT) traded down 34.6% against the dollar and now trades at $0.0046 or 0.00000007 BTC.

About IOTA

MIOTA uses the hashing algorithm. It was first traded on November 25th, 2015. IOTA’s total supply is 3,248,643,038 coins. IOTA’s official Twitter account is @iota and its Facebook page is accessible here. The official website for IOTA is www.iota.org. 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.

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 trade IOTA should first purchase Ethereum or Bitcoin using an exchange that deals in U.S. dollars such as Coinbase, GDAX or Gemini. Investors can then use their newly-acquired Ethereum or Bitcoin to purchase IOTA using one of the aforementioned exchanges.

MIOTA/USD price chart by TradingView