IOTA (MIOTA) Self Reported Market Capitalization Tops $369.54 Million

IOTA (MIOTA) traded 2.4% higher against the US dollar during the twenty-four hour period ending at 7:00 AM Eastern on January 28th. One IOTA coin can now be purchased for $0.0867 or 0.00000096 BTC on popular cryptocurrency exchanges. IOTA has a total market cap of $369.54 million and approximately $19.98 million worth of IOTA was traded on exchanges in the last 24 hours. During the last seven days, IOTA has traded 1.3% higher against the US dollar.

Here’s how related cryptocurrencies have performed during the last 24 hours:

• Creditcoin (CTC) traded down 0.1% against the dollar and now trades at $0.24 or 0.00000270 BTC.
• Pax Dollar (USDP) traded down 0% against the dollar and now trades at $1.00 or 0.00001110 BTC.
• Electroneum (ETN) traded 1% lower against the dollar and now trades at $0.0013 or 0.00000001 BTC.
• The Transfer Token (TTT) traded down 18.6% against the dollar and now trades at $0.0030 or 0.00000003 BTC.
• Verasity (VRA) traded down 10.3% against the dollar and now trades at $0.0000 or 0.00000000 BTC.
• Meter Governance (MTRG) traded down 0.1% against the dollar and now trades at $0.0309 or 0.00000034 BTC.
• SOLVE (SOLVE) traded up 2.2% against the dollar and now trades at $0.0002 or 0.00000000 BTC.

About IOTA

MIOTA uses the hashing algorithm. It launched on November 25th, 2015. IOTA’s total supply is 4,600,000,000 coins and its circulating supply is 4,261,182,159 coins. IOTA’s official Twitter account is @iota and its Facebook page is accessible here. IOTA’s official website 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.

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 purchase alternative cryptocurrencies such as IOTA directly using US dollars. Investors seeking to acquire IOTA should first purchase Ethereum or Bitcoin using an exchange that deals in US dollars such as GDAX, Changelly or Gemini. Investors can then use their newly-acquired Ethereum or Bitcoin to purchase IOTA using one of the aforementioned exchanges.

MIOTA/USD price chart by TradingView