IOTA Tops 24-Hour Volume of $3.57 Million (MIOTA)

IOTA (MIOTA) traded 1% higher against the dollar during the one day period ending at 7:00 AM ET on July 19th. During the last week, IOTA has traded down 6.9% against the dollar. IOTA has a total market capitalization of $163.00 million and approximately $3.57 million worth of IOTA was traded on exchanges in the last day. One IOTA coin can currently be purchased for approximately $0.0359 or 0.00000056 BTC on popular cryptocurrency exchanges.

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

• Creditcoin (CTC) traded 1.3% higher against the dollar and now trades at $0.0801 or 0.00000124 BTC.
• Pax Dollar (USDP) traded 0.7% lower against the dollar and now trades at $0.99 or 0.00001539 BTC.
• Electroneum (ETN) traded 5.8% higher against the dollar and now trades at $0.0008 or 0.00000001 BTC.
• The Transfer Token (TTT) traded 18.6% lower against the dollar and now trades at $0.0030 or 0.00000003 BTC.
• Verasity (VRA) traded down 1.8% against the dollar and now trades at $0.0000 or 0.00000000 BTC.
• Meter Governance (MTRG) traded 4.9% lower against the dollar and now trades at $0.0120 or 0.00000019 BTC.
• SOLVE (SOLVE) traded 2.5% higher against the dollar and now trades at $0.0001 or 0.00000000 BTC.

IOTA Coin Profile

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 4,541,545,928 coins. The official message board for IOTA is forum.iota.org. 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.

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): Discord, Facebook, Instagram, YouTube, LinkedIn, BitcoinTalk, GitHub, RedditWhitepaper”

Buying and Selling IOTA

It is usually not presently 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, Gemini or Changelly. Investors can then use their newly-acquired Bitcoin or Ethereum to purchase IOTA using one of the aforementioned exchanges.

MIOTA/USD price chart by TradingView