IOTA 24 Hour Trading Volume Hits $7.37 Million (MIOTA)

IOTA (MIOTA) traded 1.5% higher against the dollar during the 24-hour period ending at 7:00 AM Eastern on December 27th. In the last seven days, IOTA has traded 6.5% lower against the dollar. IOTA has a total market capitalization of $359.68 million and approximately $7.37 million worth of IOTA was traded on exchanges in the last day. One IOTA coin can now be bought for about $0.0854 or 0.00000098 BTC on exchanges.

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

• Creditcoin (CTC) traded 0.1% lower against the dollar and now trades at $0.25 or 0.00000284 BTC.
• Pax Dollar (USDP) traded up 0% against the dollar and now trades at $1.00 or 0.00001143 BTC.
• Electroneum (ETN) traded 7.1% lower against the dollar and now trades at $0.0012 or 0.00000001 BTC.
• Verasity (VRA) traded up 1.9% against the dollar and now trades at $0.0002 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 down 0.6% against the dollar and now trades at $0.0342 or 0.00000039 BTC.

About IOTA

IOTA (CRYPTO: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 4,211,898,501 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. IOTA’s official website 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 possible to purchase alternative cryptocurrencies such as IOTA directly using US dollars. Investors seeking to trade IOTA should first purchase Bitcoin or Ethereum using an exchange that deals in US dollars such as Coinbase, Changelly 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