IOTA (MIOTA) Price Up 5.7% Over Last 7 Days

IOTA (MIOTA) traded down 3.4% against the U.S. dollar during the 24 hour period ending at 14:00 PM E.T. on May 23rd. During the last week, IOTA has traded 5.7% higher against the U.S. dollar. IOTA has a total market cap of $728.58 million and approximately $21.19 million worth of IOTA was traded on exchanges in the last day. One IOTA coin can now be bought for about $0.22 or 0.00000328 BTC on popular exchanges.

Here is how related cryptocurrencies have performed during the last day:

• Creditcoin (CTC) traded 3.6% lower against the dollar and now trades at $0.71 or 0.00001041 BTC.
• Pax Dollar (USDP) traded 0% lower against the dollar and now trades at $1.00 or 0.00001473 BTC.
• Electroneum (ETN) traded down 3.8% against the dollar and now trades at $0.0030 or 0.00000004 BTC.
• Verasity (VRA) traded 6% lower against the dollar and now trades at $0.0051 or 0.00000008 BTC.
• Meter Governance (MTRG) traded down 2.6% against the dollar and now trades at $1.15 or 0.00001698 BTC.
• The Transfer Token (TTT) traded down 0.5% against the dollar and now trades at $0.0117 or 0.00000017 BTC.
• SOLVE (SOLVE) traded down 2.5% against the dollar and now trades at $0.0179 or 0.00000026 BTC.

About IOTA

IOTA (MIOTA) uses the hashing algorithm. Its genesis date was November 25th, 2015. IOTA’s total supply is 3,267,780,757 coins. IOTA’s official website is www.iota.org. IOTA’s official Twitter account is @iota and its Facebook page is accessible here. 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 possible to purchase alternative cryptocurrencies such as IOTA directly using U.S. dollars. Investors seeking to acquire IOTA should first purchase Bitcoin or Ethereum using an exchange that deals in U.S. dollars such as GDAX, Coinbase or Gemini. Investors can then use their newly-acquired Bitcoin or Ethereum to purchase IOTA using one of the exchanges listed above.

MIOTA/USD price chart by TradingView