IOTA (MIOTA) Achieves Self Reported Market Cap of $419.41 Million

IOTA (MIOTA) traded up 7.6% against the US dollar during the 24-hour period ending at 7:00 AM ET on January 4th. Over the last seven days, IOTA has traded 14.8% higher against the US dollar. One IOTA coin can now be purchased for approximately $0.0994 or 0.00000109 BTC on exchanges. IOTA has a total market cap of $419.41 million and $17.99 million worth of IOTA was traded on exchanges in the last day.

Here’s how similar cryptocurrencies have performed over the last day:

• Creditcoin (CTC) traded up 3.5% against the dollar and now trades at $0.27 or 0.00000296 BTC.
• Pax Dollar (USDP) traded 0% lower against the dollar and now trades at $1.00 or 0.00001095 BTC.
• Electroneum (ETN) traded up 1.9% against the dollar and now trades at $0.0012 or 0.00000001 BTC.
• Verasity (VRA) traded 2.7% lower against the dollar and now trades at $0.0001 or 0.00000000 BTC.
• The Transfer Token (TTT) traded down 18.6% against the dollar and now trades at $0.0030 or 0.00000003 BTC.
• Meter Governance (MTRG) traded 6.4% higher against the dollar and now trades at $0.0327 or 0.00000036 BTC.
• SOLVE (SOLVE) traded 1.2% lower against the dollar and now trades at $0.0002 or 0.00000000 BTC.

About IOTA

IOTA (MIOTA) uses the hashing algorithm. Its launch date was November 25th, 2015. IOTA’s total supply is 4,600,000,000 coins and its circulating supply is 4,218,033,765 coins. 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. The official message board for IOTA is forum.iota.org. The official website for IOTA is www.iota.org.

According to CryptoCompare, “IOTA is an open-source distributed ledger protocol that goes 'beyond blockchain' through its core invention of the blockless ‘Tangle’. The IOTA Tangle is a quantum-proof Directed Acyclic Graph, with no fees on transactions & no fixed limit on how many transactions can be confirmed per second in the network. Instead, throughput grows in conjunction with activity in the network; the more activity, the faster the network. Unlike blockchain architecture, IOTA has no separation between users and validators; rather, validation is an intrinsic property of using the ledger, thus avoiding centralization. IOTA is initially focused on serving as the backbone of the emerging Internet-of-Things (IoT).The total supply of IOTA is (3^33 – 1) / 2 = 2,779,530,283,277,761 tokens. This value is optimized for ternary computation – it is the largest possible 33-digit ternary number:111,111,111,111,111,111,111,111,111,111,111 (base-3) = 2,779,530,283,277,761 (base-10)The total IOTA token supply was “minted” on the genesis transaction and will never change. It is now impossible for anyone to “mint” or “mine” new IOTA tokens.IOTA uses the International System of Units (or SI units):”

Buying and Selling IOTA

It is usually not presently possible to buy alternative cryptocurrencies such as IOTA directly using U.S. dollars. Investors seeking to acquire IOTA should first buy Ethereum or Bitcoin using an exchange that deals in U.S. dollars such as GDAX, Coinbase 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