IOTA (MIOTA) Price Tops $0.23 on Exchanges

IOTA (MIOTA) traded 2.5% lower against the US dollar during the 24 hour period ending at 22:00 PM Eastern on April 28th. One IOTA coin can now be bought for approximately $0.23 or 0.00000364 BTC on popular exchanges. IOTA has a market cap of $740.79 million and approximately $10.11 million worth of IOTA was traded on exchanges in the last day. In the last week, IOTA has traded 3.8% lower against the US dollar.

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

• Creditcoin (CTC) traded 4.3% lower against the dollar and now trades at $0.65 or 0.00001037 BTC.
• Pax Dollar (USDP) traded 0% higher against the dollar and now trades at $1.00 or 0.00001587 BTC.
• Electroneum (ETN) traded 2.6% lower against the dollar and now trades at $0.0038 or 0.00000006 BTC.
• Verasity (VRA) traded 3.9% lower against the dollar and now trades at $0.0057 or 0.00000009 BTC.
• Meter Governance (MTRG) traded 4.9% higher against the dollar and now trades at $1.48 or 0.00002345 BTC.
• The Transfer Token (TTT) traded 0.8% lower against the dollar and now trades at $0.0080 or 0.00000013 BTC.
• SOLVE (SOLVE) traded 0.2% higher against the dollar and now trades at $0.0204 or 0.00000032 BTC.

IOTA Coin Profile

IOTA (MIOTA) uses the hashing algorithm. It was first traded on November 25th, 2015. IOTA’s total supply is 3,229,505,319 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. 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 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 possible to purchase alternative cryptocurrencies such as IOTA directly using US dollars. Investors seeking to acquire IOTA should first purchase Ethereum or Bitcoin using an exchange that deals in US dollars such as Coinbase, GDAX or Gemini. Investors can then use their newly-acquired Ethereum or Bitcoin to purchase IOTA using one of the aforementioned exchanges.

MIOTA/USD price chart by TradingView