IOTA 1-Day Trading Volume Hits $11.25 Million (MIOTA)

IOTA (MIOTA) traded 9.2% higher against the dollar during the 1-day period ending at 18:00 PM E.T. on November 6th. IOTA has a total market capitalization of $413.31 million and $11.25 million worth of IOTA was traded on exchanges in the last 24 hours. One IOTA coin can now be purchased for $0.12 or 0.00000156 BTC on popular exchanges. Over the last week, IOTA has traded 0.1% lower against the dollar.

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

• Creditcoin (CTC) traded 5.1% higher against the dollar and now trades at $0.39 or 0.00000517 BTC.
• Pax Dollar (USDP) traded up 0% against the dollar and now trades at $1.00 or 0.00001323 BTC.
• Electroneum (ETN) traded up 6.4% against the dollar and now trades at $0.0021 or 0.00000003 BTC.
• Verasity (VRA) traded 16.1% higher against the dollar and now trades at $0.0032 or 0.00000004 BTC.
• Meter Governance (MTRG) traded 7.2% higher against the dollar and now trades at $0.28 or 0.00000369 BTC.
• The Transfer Token (TTT) traded down 25.7% against the dollar and now trades at $0.0037 or 0.00000006 BTC.
• SOLVE (SOLVE) traded down 2.4% against the dollar and now trades at $0.0074 or 0.00000010 BTC.

IOTA Coin Profile

MIOTA uses the hashing algorithm. It launched on November 25th, 2015. IOTA’s total supply is 3,497,433,380 coins. 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. 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 a distributed ledger technology that uses a structure called the Tangle to maintain a tally of token ownership between multiple nodes. This structure allows for newer transactions to verify older ones, bypassing the bottleneck caused by blockchains. The IOTA protocol is in research and has two public networks: the IOTA mainnet, which manages tokens, and Shimmer, which tests protocol updates. The IOTA was founded in 2015 by four co-founders, including David Sønstebø and Dominik Schiener, who currently serve as co-chairmen of the board of directors. One of the co-founders, Sergey Ivancheglo, resigned in 2019 but continues to provide advice as an unofficial advisor.”

IOTA Coin Trading

It is usually not presently possible to buy alternative cryptocurrencies such as IOTA directly using US dollars. Investors seeking to acquire IOTA should first buy Ethereum or Bitcoin using an exchange that deals in US dollars such as Gemini, GDAX or Coinbase. Investors can then use their newly-acquired Ethereum or Bitcoin to buy IOTA using one of the exchanges listed above.

MIOTA/USD price chart by TradingView