IOTA Self Reported Market Cap Achieves $355.55 Million (MIOTA)

IOTA (MIOTA) traded 2.2% lower against the U.S. dollar during the 1 day period ending at 7:00 AM ET on January 20th. One IOTA coin can currently be bought for approximately $0.0838 or 0.00000092 BTC on cryptocurrency exchanges. In the last seven days, IOTA has traded down 13.6% against the U.S. dollar. IOTA has a market capitalization of $355.55 million and $12.44 million worth of IOTA was traded on exchanges in the last 24 hours.

Here’s how other cryptocurrencies have performed in the last 24 hours:

• Creditcoin (CTC) traded down 6.4% against the dollar and now trades at $0.26 or 0.00000283 BTC.
• Pax Dollar (USDP) traded down 0% against the dollar and now trades at $1.00 or 0.00001096 BTC.
• Electroneum (ETN) traded up 2.9% against the dollar and now trades at $0.0014 or 0.00000001 BTC.
• The Transfer Token (TTT) traded 18.6% lower against the dollar and now trades at $0.0030 or 0.00000003 BTC.
• Verasity (VRA) traded down 36.7% against the dollar and now trades at $0.0001 or 0.00000000 BTC.
• Meter Governance (MTRG) traded up 1% against the dollar and now trades at $0.0306 or 0.00000034 BTC.
• SOLVE (SOLVE) traded 0.8% higher against the dollar and now trades at $0.0001 or 0.00000000 BTC.

IOTA Profile

IOTA (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 4,242,675,893 coins. 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. The official message board for IOTA is forum.iota.org. The official website for IOTA is www.iota.org.

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 presently 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 Coinbase, Changelly or Gemini. 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