IOTA (MIOTA) Price Reaches $0.14 on Major Exchanges

IOTA (MIOTA) traded 0.3% higher against the US dollar during the 1 day period ending at 11:00 AM E.T. on November 9th. IOTA has a total market capitalization of $578.99 million and approximately $18.68 million worth of IOTA was traded on exchanges in the last day. Over the last seven days, IOTA has traded up 0.9% against the US dollar. One IOTA coin can now be purchased for $0.14 or 0.00000136 BTC on popular cryptocurrency exchanges.

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

• Creditcoin (CTC) traded 1.4% higher against the dollar and now trades at $0.43 or 0.00000412 BTC.
• Pax Dollar (USDP) traded up 0% against the dollar and now trades at $1.00 or 0.00000966 BTC.
• Verasity (VRA) traded 1.7% higher against the dollar and now trades at $0.0006 or 0.00000001 BTC.
• Electroneum (ETN) traded down 7.2% against the dollar and now trades at $0.0018 or 0.00000002 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 0.6% lower against the dollar and now trades at $0.0696 or 0.00000067 BTC.
• SOLVE (SOLVE) traded up 1.7% against the dollar and now trades at $0.0002 or 0.00000000 BTC.

IOTA Profile

IOTA uses the hashing algorithm. It launched on November 25th, 2015. IOTA’s total supply is 4,600,000,000 coins and its circulating supply is 4,125,655,164 coins. IOTA’s official website 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. IOTA’s official message board is forum.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):”

IOTA Coin Trading

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

MIOTA/USD price chart by TradingView