IOTA Trading 3.6% Higher Over Last 7 Days (MIOTA)

IOTA (MIOTA) traded 3.2% lower against the U.S. dollar during the 24-hour period ending at 20:00 PM ET on May 7th. One IOTA coin can currently be bought for approximately $0.22 or 0.00000351 BTC on major cryptocurrency exchanges. Over the last seven days, IOTA has traded up 3.6% against the U.S. dollar. IOTA has a market cap of $712.67 million and $15.15 million worth of IOTA was traded on exchanges in the last day.

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

• Creditcoin (CTC) traded 0.9% higher against the dollar and now trades at $0.70 or 0.00001121 BTC.
• Pax Dollar (USDP) traded 0% higher against the dollar and now trades at $1.00 or 0.00001600 BTC.
• Electroneum (ETN) traded 1.9% higher against the dollar and now trades at $0.0037 or 0.00000006 BTC.
• Verasity (VRA) traded down 5.7% against the dollar and now trades at $0.0055 or 0.00000009 BTC.
• Meter Governance (MTRG) traded 2.3% lower against the dollar and now trades at $1.39 or 0.00002227 BTC.
• SOLVE (SOLVE) traded 1.2% higher against the dollar and now trades at $0.0194 or 0.00000031 BTC.
• The Transfer Token (TTT) traded down 34.6% against the dollar and now trades at $0.0046 or 0.00000007 BTC.

IOTA Profile

IOTA uses the hashing algorithm. Its launch date was November 25th, 2015. IOTA’s total supply is 3,248,643,038 coins. IOTA’s official message board is forum.iota.org. 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.

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.”

Buying and Selling IOTA

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

MIOTA/USD price chart by TradingView