IOTA One Day Volume Hits $14.05 Million (MIOTA)

IOTA (MIOTA) traded up 4.8% against the U.S. dollar during the 1-day period ending at 16:00 PM ET on May 2nd. One IOTA coin can now be bought for approximately $0.22 or 0.00000371 BTC on exchanges. Over the last week, IOTA has traded down 8.4% against the U.S. dollar. IOTA has a market capitalization of $715.88 million and approximately $14.05 million worth of IOTA was traded on exchanges in the last 24 hours.

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

• Creditcoin (CTC) traded up 2% against the dollar and now trades at $0.63 or 0.00001058 BTC.
• Pax Dollar (USDP) traded up 0.3% against the dollar and now trades at $1.00 or 0.00001690 BTC.
• Electroneum (ETN) traded up 3.7% against the dollar and now trades at $0.0036 or 0.00000006 BTC.
• Verasity (VRA) traded up 3.3% against the dollar and now trades at $0.0054 or 0.00000009 BTC.
• Meter Governance (MTRG) traded 0.7% lower against the dollar and now trades at $1.38 or 0.00002331 BTC.
• SOLVE (SOLVE) traded up 5.8% against the dollar and now trades at $0.0192 or 0.00000032 BTC.
• The Transfer Token (TTT) traded 0.1% higher against the dollar and now trades at $0.0046 or 0.00000008 BTC.

IOTA Coin Profile

IOTA (MIOTA) uses the hashing algorithm. Its genesis date was November 25th, 2015. IOTA’s total supply is 3,248,643,038 coins. 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. 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.”

IOTA Coin Trading

It is usually not presently 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 Coinbase, GDAX or Changelly. 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