IOTA (MIOTA) Price Up 7.1% This Week

IOTA (MIOTA) traded down 3.3% against the US dollar during the 1-day period ending at 9:00 AM ET on May 22nd. In the last seven days, IOTA has traded 7.1% higher against the US dollar. One IOTA coin can currently be purchased for about $0.22 or 0.00000322 BTC on major cryptocurrency exchanges. IOTA has a total market cap of $734.98 million and approximately $18.49 million worth of IOTA was traded on exchanges in the last day.

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

• Creditcoin (CTC) traded down 3.5% against the dollar and now trades at $0.72 or 0.00001030 BTC.
• Pax Dollar (USDP) traded 0% higher against the dollar and now trades at $1.00 or 0.00001431 BTC.
• Electroneum (ETN) traded down 0.8% against the dollar and now trades at $0.0032 or 0.00000005 BTC.
• Verasity (VRA) traded down 4.8% against the dollar and now trades at $0.0054 or 0.00000008 BTC.
• Meter Governance (MTRG) traded 11.1% lower against the dollar and now trades at $1.18 or 0.00001692 BTC.
• The Transfer Token (TTT) traded 0.2% higher against the dollar and now trades at $0.0118 or 0.00000017 BTC.
• SOLVE (SOLVE) traded 0.7% lower against the dollar and now trades at $0.0186 or 0.00000027 BTC.

About IOTA

IOTA uses the hashing algorithm. It was first traded on November 25th, 2015. IOTA’s total supply is 3,267,780,757 coins. 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. IOTA’s official website is www.iota.org. IOTA’s official message board is forum.iota.org.

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 US dollars. Investors seeking to acquire IOTA should first purchase Bitcoin or Ethereum using an exchange that deals in US dollars such as Gemini, Coinbase or GDAX. Investors can then use their newly-acquired Bitcoin or Ethereum to purchase IOTA using one of the exchanges listed above.

MIOTA/USD price chart by TradingView