IOTA (MIOTA) Trading Down 1.1% Over Last 7 Days

IOTA (MIOTA) traded down 4.3% against the US dollar during the 24 hour period ending at 14:00 PM E.T. on February 1st. One IOTA coin can now be bought for $0.22 or 0.00000943 BTC on popular cryptocurrency exchanges. Over the last week, IOTA has traded down 1.1% against the US dollar. IOTA has a market cap of $604.04 million and $10.44 million worth of IOTA was traded on exchanges in the last 24 hours.

Here is how similar cryptocurrencies have performed over the last 24 hours:

• Pax Dollar (USDP) traded down 0.2% against the dollar and now trades at $1.00 or 0.00004356 BTC.
• The Transfer Token (TTT) traded down 1% against the dollar and now trades at $0.14 or 0.00000601 BTC.
• Creditcoin (CTC) traded 4.3% higher against the dollar and now trades at $0.63 or 0.00002728 BTC.
• Verasity (VRA) traded down 9.9% against the dollar and now trades at $0.0058 or 0.00000025 BTC.
• Electroneum (ETN) traded 2.6% lower against the dollar and now trades at $0.0026 or 0.00000011 BTC.
• Meter Governance (MTRG) traded 1.4% lower against the dollar and now trades at $2.38 or 0.00010345 BTC.
• SOLVE (SOLVE) traded 5.5% lower against the dollar and now trades at $0.0337 or 0.00000146 BTC.

IOTA Coin Profile

MIOTA uses the hashing algorithm. It was first traded on November 25th, 2015. IOTA’s total supply is 2,779,530,283 coins. The official message board for IOTA is forum.iota.org. IOTA’s official Twitter account is @iota and its Facebook page is accessible here. The official website for IOTA 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.

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 buy alternative cryptocurrencies such as IOTA directly using U.S. dollars. Investors seeking to trade IOTA should first buy Ethereum or Bitcoin using an exchange that deals in U.S. dollars such as Gemini, Coinbase or Changelly. Investors can then use their newly-acquired Ethereum or Bitcoin to buy IOTA using one of the exchanges listed above.