IOTA 1-Day Volume Reaches $12.99 Million (MIOTA)

IOTA (MIOTA) traded down 1.5% against the US dollar during the twenty-four hour period ending at 12:00 PM E.T. on December 7th. In the last seven days, IOTA has traded 10.7% lower against the US dollar. One IOTA coin can now be purchased for $0.10 or 0.00000112 BTC on major exchanges. IOTA has a market cap of $418.33 million and approximately $12.99 million worth of IOTA was traded on exchanges in the last day.

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

• Creditcoin (CTC) traded down 5.8% against the dollar and now trades at $0.30 or 0.00000333 BTC.
• Pax Dollar (USDP) traded 0% higher against the dollar and now trades at $1.00 or 0.00001117 BTC.
• Electroneum (ETN) traded up 3.7% against the dollar and now trades at $0.0015 or 0.00000002 BTC.
• Verasity (VRA) traded down 6% against the dollar and now trades at $0.0003 or 0.00000000 BTC.
• The Transfer Token (TTT) traded 18.6% lower against the dollar and now trades at $0.0030 or 0.00000003 BTC.
• Meter Governance (MTRG) traded down 0.3% against the dollar and now trades at $0.0352 or 0.00000039 BTC.
• SOLVE (SOLVE) traded up 4.7% against the dollar and now trades at $0.0002 or 0.00000000 BTC.

IOTA Coin Profile

IOTA (CRYPTO:MIOTA) uses the hashing algorithm. It was first traded on November 25th, 2015. IOTA’s total supply is 4,600,000,000 coins and its circulating supply is 4,171,820,455 coins. The official website for IOTA is www.iota.org. The official message board for IOTA 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.

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

MIOTA/USD price chart by TradingView