IOTA (MIOTA) Price Down 3.4% Over Last Week

IOTA (MIOTA) traded 4.8% lower against the U.S. dollar during the one day period ending at 14:00 PM Eastern on October 31st. IOTA has a total market cap of $393.29 million and approximately $6.65 million worth of IOTA was traded on exchanges in the last day. During the last week, IOTA has traded 3.4% lower against the U.S. dollar. One IOTA coin can currently be purchased for $0.11 or 0.00000159 BTC on popular exchanges.

Here’s how other cryptocurrencies have performed during the last day:

• Creditcoin (CTC) traded 3.9% lower against the dollar and now trades at $0.38 or 0.00000534 BTC.
• Pax Dollar (USDP) traded up 0% against the dollar and now trades at $1.00 or 0.00001414 BTC.
• Electroneum (ETN) traded 2.5% higher against the dollar and now trades at $0.0020 or 0.00000003 BTC.
• Verasity (VRA) traded down 4.9% against the dollar and now trades at $0.0026 or 0.00000004 BTC.
• Meter Governance (MTRG) traded up 3.7% against the dollar and now trades at $0.26 or 0.00000374 BTC.
• The Transfer Token (TTT) traded down 25.7% against the dollar and now trades at $0.0037 or 0.00000006 BTC.
• SOLVE (SOLVE) traded 7.5% lower against the dollar and now trades at $0.0079 or 0.00000011 BTC.

IOTA Coin Profile

IOTA uses the hashing algorithm. It was first traded on November 25th, 2015. IOTA’s total supply is 3,497,433,380 coins. The official message board for IOTA is forum.iota.org. IOTA’s official website is www.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 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 possible to buy alternative cryptocurrencies such as IOTA directly using U.S. dollars. Investors seeking to trade IOTA should first buy Bitcoin or Ethereum using an exchange that deals in U.S. dollars such as Changelly, Gemini or GDAX. Investors can then use their newly-acquired Bitcoin or Ethereum to buy IOTA using one of the aforementioned exchanges.

MIOTA/USD price chart by TradingView