IOTA (MIOTA) Trading Down 17.8% Over Last 7 Days

IOTA (MIOTA) traded up 8.5% against the US dollar during the twenty-four hour period ending at 12:00 PM ET on June 19th. In the last seven days, IOTA has traded 17.8% lower against the US dollar. One IOTA coin can currently be bought for approximately $0.17 or 0.00000266 BTC on major exchanges. IOTA has a market cap of $572.03 million and approximately $16.44 million worth of IOTA was traded on exchanges in the last 24 hours.

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

  • Creditcoin (CTC) traded up 7.8% against the dollar and now trades at $0.47 or 0.00000726 BTC.
  • Pax Dollar (USDP) traded 0.1% lower against the dollar and now trades at $1.00 or 0.00001539 BTC.
  • Electroneum (ETN) traded 6.8% lower against the dollar and now trades at $0.0024 or 0.00000004 BTC.
  • Meter Governance (MTRG) traded 4.4% lower against the dollar and now trades at $0.97 or 0.00001493 BTC.
  • Verasity (VRA) traded 4.4% higher against the dollar and now trades at $0.0032 or 0.00000005 BTC.
  • The Transfer Token (TTT) traded up 0.2% against the dollar and now trades at $0.0051 or 0.00000008 BTC.
  • SOLVE (SOLVE) traded up 1.9% against the dollar and now trades at $0.0125 or 0.00000019 BTC.

About IOTA

IOTA (MIOTA) uses the hashing algorithm. Its genesis date was November 25th, 2015. IOTA’s total supply is 3,306,056,194 coins. IOTA’s official Twitter account is @iota and its Facebook page is accessible here. 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.

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 acquire IOTA should first buy Bitcoin or Ethereum using an exchange that deals in US dollars such as Coinbase, Gemini or Changelly. Investors can then use their newly-acquired Bitcoin or Ethereum to buy IOTA using one of the exchanges listed above.

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