IOTA One Day Volume Reaches $10.65 Million (MIOTA)

IOTA (MIOTA) traded up 6.5% against the US dollar during the 1-day period ending at 11:00 AM E.T. on November 6th. One IOTA coin can now be purchased for approximately $0.11 or 0.00000154 BTC on popular exchanges. IOTA has a total market capitalization of $400.39 million and $10.65 million worth of IOTA was traded on exchanges in the last day. During the last week, IOTA has traded 3.6% lower against the US dollar.

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

• Creditcoin (CTC) traded up 2.8% against the dollar and now trades at $0.38 or 0.00000517 BTC.
• Pax Dollar (USDP) traded down 0% against the dollar and now trades at $1.00 or 0.00001348 BTC.
• Electroneum (ETN) traded up 3.1% against the dollar and now trades at $0.0020 or 0.00000003 BTC.
• Verasity (VRA) traded up 8.2% against the dollar and now trades at $0.0030 or 0.00000004 BTC.
• Meter Governance (MTRG) traded up 7.3% against the dollar and now trades at $0.27 or 0.00000368 BTC.
• The Transfer Token (TTT) traded down 25.7% against the dollar and now trades at $0.0037 or 0.00000006 BTC.
• SOLVE (SOLVE) traded up 3.9% against the dollar and now trades at $0.0073 or 0.00000010 BTC.

About IOTA

MIOTA uses the hashing algorithm. Its genesis date was November 25th, 2015. IOTA’s total supply is 3,497,433,380 coins. The official message board for IOTA is forum.iota.org. 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 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 possible to buy alternative cryptocurrencies such as IOTA directly using US dollars. Investors seeking to trade IOTA should first buy Ethereum or Bitcoin using an exchange that deals in US dollars such as Gemini, Coinbase or Changelly. Investors can then use their newly-acquired Ethereum or Bitcoin to buy IOTA using one of the aforementioned exchanges.

MIOTA/USD price chart by TradingView