IOTA Achieves Market Capitalization of $815.91 Million (MIOTA)

IOTA (MIOTA) traded down 7.1% against the dollar during the 24 hour period ending at 9:00 AM ET on February 22nd. IOTA has a total market capitalization of $815.91 million and approximately $26.78 million worth of IOTA was traded on exchanges in the last day. In the last week, IOTA has traded 6% lower against the dollar. One IOTA coin can now be bought for approximately $0.22 or 0.00000231 BTC on exchanges.

Here’s how related cryptocurrencies have performed in the last day:

• Creditcoin (CTC) traded 4.6% lower against the dollar and now trades at $0.76 or 0.00000788 BTC.
• Pax Dollar (USDP) traded down 0% against the dollar and now trades at $1.00 or 0.00001034 BTC.
• Electroneum (ETN) traded down 2.1% against the dollar and now trades at $0.0022 or 0.00000002 BTC.
• Verasity (VRA) traded down 6.9% against the dollar and now trades at $0.0025 or 0.00000003 BTC.
• The Transfer Token (TTT) traded 0% lower against the dollar and now trades at $0.0037 or 0.00000004 BTC.
• Meter Governance (MTRG) traded 7.4% lower against the dollar and now trades at $0.14 or 0.00000140 BTC.
• SOLVE (SOLVE) traded down 3.2% against the dollar and now trades at $0.0020 or 0.00000002 BTC.

IOTA Coin Profile

IOTA uses the hashing algorithm. Its genesis date was November 25th, 2015. IOTA’s total supply is 3,650,535,129 coins. The Reddit community for IOTA is https://reddit.com/r/iota and the currency’s Github account can be viewed here. The official website for IOTA is www.iota.org. IOTA’s official message board is forum.iota.org. 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 GDAX, Gemini or Coinbase. 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