IOTA (MIOTA) Reaches 1-Day Volume of $29.66 Million

IOTA (MIOTA) traded up 1.8% against the US dollar during the 24-hour period ending at 21:00 PM Eastern on March 28th. IOTA has a total market capitalization of $1.12 billion and approximately $29.66 million worth of IOTA was traded on exchanges in the last 24 hours. Over the last week, IOTA has traded up 8.1% against the US dollar. One IOTA coin can currently be purchased for approximately $0.35 or 0.00000495 BTC on major cryptocurrency exchanges.

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

• Creditcoin (CTC) traded down 4% against the dollar and now trades at $1.00 or 0.00001407 BTC.
• Pax Dollar (USDP) traded 0% lower against the dollar and now trades at $1.00 or 0.00001411 BTC.
• Electroneum (ETN) traded down 9.8% against the dollar and now trades at $0.0062 or 0.00000009 BTC.
• Verasity (VRA) traded up 2.7% against the dollar and now trades at $0.0100 or 0.00000014 BTC.
• Meter Governance (MTRG) traded up 4.9% against the dollar and now trades at $2.11 or 0.00002974 BTC.
• The Transfer Token (TTT) traded 7.4% lower against the dollar and now trades at $0.0153 or 0.00000022 BTC.
• SOLVE (SOLVE) traded 2.4% lower against the dollar and now trades at $0.0270 or 0.00000038 BTC.

About IOTA

IOTA (MIOTA) uses the hashing algorithm. Its launch date was November 25th, 2015. IOTA’s total supply is 3,191,229,882 coins. 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. IOTA’s official message board is forum.iota.org. IOTA’s official Twitter account is @iota and its Facebook page is accessible 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 currently possible to purchase alternative cryptocurrencies such as IOTA directly using US dollars. Investors seeking to trade IOTA should first purchase Bitcoin or Ethereum using an exchange that deals in US dollars such as GDAX, Coinbase or Gemini. Investors can then use their newly-acquired Bitcoin or Ethereum to purchase IOTA using one of the aforementioned exchanges.

MIOTA/USD price chart by TradingView