IOTA (MIOTA) Trading Up 0.7% Over Last Week

IOTA (MIOTA) traded 1.4% lower against the dollar during the 1 day period ending at 7:00 AM E.T. on July 23rd. One IOTA coin can currently be bought for $0.0358 or 0.00000055 BTC on major exchanges. IOTA has a total market cap of $163.25 million and $4.10 million worth of IOTA was traded on exchanges in the last day. During the last week, IOTA has traded 0.7% higher against the dollar.

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

• Creditcoin (CTC) traded 1.2% lower against the dollar and now trades at $0.0808 or 0.00000123 BTC.
• Pax Dollar (USDP) traded 0.1% lower against the dollar and now trades at $1.00 or 0.00001522 BTC.
• Electroneum (ETN) traded 0.2% higher against the dollar and now trades at $0.0008 or 0.00000001 BTC.
• The Transfer Token (TTT) traded down 18.6% against the dollar and now trades at $0.0030 or 0.00000003 BTC.
• Verasity (VRA) traded down 3.9% against the dollar and now trades at $0.0000 or 0.00000000 BTC.
• Meter Governance (MTRG) traded 5.9% higher against the dollar and now trades at $0.0136 or 0.00000021 BTC.

IOTA Coin Profile

IOTA (MIOTA) 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 4,556,984,281 coins. The official website for IOTA is www.iota.org. IOTA’s official Twitter account is @iota and its Facebook page is accessible here. The Reddit community for IOTA is https://reddit.com/r/iota and the currency’s Github account can be viewed 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): Discord, Facebook, Instagram, YouTube, LinkedIn, BitcoinTalk, GitHub, RedditWhitepaper”

IOTA Coin Trading

It is usually not 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 Coinbase, GDAX or Changelly. Investors can then use their newly-acquired Bitcoin or Ethereum to buy IOTA using one of the exchanges listed above.

MIOTA/USD price chart by TradingView