IOTA (MIOTA) Price Hits $0.11 on Major Exchanges

IOTA (MIOTA) traded 5.8% lower against the dollar during the 24-hour period ending at 21:00 PM Eastern on October 31st. Over the last week, IOTA has traded 5.6% lower against the dollar. IOTA has a market capitalization of $386.70 million and approximately $6.94 million worth of IOTA was traded on exchanges in the last 24 hours. One IOTA coin can currently be purchased for about $0.11 or 0.00000158 BTC on popular exchanges.

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

• Creditcoin (CTC) traded down 5.4% against the dollar and now trades at $0.37 or 0.00000533 BTC.
• Pax Dollar (USDP) traded 0% lower against the dollar and now trades at $1.00 or 0.00001431 BTC.
• Electroneum (ETN) traded down 1.1% against the dollar and now trades at $0.0020 or 0.00000003 BTC.
• Verasity (VRA) traded 6% lower against the dollar and now trades at $0.0025 or 0.00000004 BTC.
• Meter Governance (MTRG) traded up 1.2% against the dollar and now trades at $0.26 or 0.00000370 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 4.8% lower against the dollar and now trades at $0.0077 or 0.00000011 BTC.

About IOTA

IOTA uses the hashing algorithm. It was first traded on November 25th, 2015. IOTA’s total supply is 3,497,433,380 coins. IOTA’s official message board is forum.iota.org. IOTA’s official website 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.”

IOTA Coin Trading

It is usually not currently possible to buy alternative cryptocurrencies such as IOTA directly using US dollars. Investors seeking to acquire IOTA should first buy Bitcoin or Ethereum using an exchange that deals in US dollars such as Coinbase, GDAX or Changelly. Investors can then use their newly-acquired Bitcoin or Ethereum to buy IOTA using one of the aforementioned exchanges.

MIOTA/USD price chart by TradingView