IOTA Price Hits $0.0854 on Exchanges (MIOTA)

IOTA (MIOTA) traded up 1.5% against the US dollar during the 1 day period ending at 7:00 AM ET on December 27th. One IOTA coin can currently be bought for $0.0854 or 0.00000098 BTC on major cryptocurrency exchanges. Over the last seven days, IOTA has traded down 6.5% against the US dollar. IOTA has a market cap of $359.68 million and approximately $7.37 million worth of IOTA was traded on exchanges in the last 24 hours.

Here’s how similar cryptocurrencies have performed over the last 24 hours:

• Creditcoin (CTC) traded 0.1% lower against the dollar and now trades at $0.25 or 0.00000284 BTC.
• Pax Dollar (USDP) traded 0% higher against the dollar and now trades at $1.00 or 0.00001143 BTC.
• Electroneum (ETN) traded 7.1% lower against the dollar and now trades at $0.0012 or 0.00000001 BTC.
• Verasity (VRA) traded 1.9% higher against the dollar and now trades at $0.0002 or 0.00000000 BTC.
• The Transfer Token (TTT) traded down 18.6% against the dollar and now trades at $0.0030 or 0.00000003 BTC.
• Meter Governance (MTRG) traded 0.6% lower against the dollar and now trades at $0.0342 or 0.00000039 BTC.

IOTA Coin Profile

IOTA uses the hashing algorithm. Its launch date was November 25th, 2015. IOTA’s total supply is 4,600,000,000 coins and its circulating supply is 4,211,898,501 coins. IOTA’s official message board is forum.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. IOTA’s official website is www.iota.org.

According to CryptoCompare, “IOTA is an open-source distributed ledger protocol that goes 'beyond blockchain' through its core invention of the blockless ‘Tangle’. The IOTA Tangle is a quantum-proof Directed Acyclic Graph, with no fees on transactions & no fixed limit on how many transactions can be confirmed per second in the network. Instead, throughput grows in conjunction with activity in the network; the more activity, the faster the network. Unlike blockchain architecture, IOTA has no separation between users and validators; rather, validation is an intrinsic property of using the ledger, thus avoiding centralization. IOTA is initially focused on serving as the backbone of the emerging Internet-of-Things (IoT).The total supply of IOTA is (3^33 – 1) / 2 = 2,779,530,283,277,761 tokens. This value is optimized for ternary computation – it is the largest possible 33-digit ternary number:111,111,111,111,111,111,111,111,111,111,111 (base-3) = 2,779,530,283,277,761 (base-10)The total IOTA token supply was “minted” on the genesis transaction and will never change. It is now impossible for anyone to “mint” or “mine” new IOTA tokens.IOTA uses the International System of Units (or SI units):”

IOTA Coin Trading

It is usually not presently possible to buy alternative cryptocurrencies such as IOTA directly using U.S. dollars. Investors seeking to acquire IOTA should first buy Ethereum or Bitcoin using an exchange that deals in U.S. dollars such as Gemini, 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