IOTA (MIOTA) Achieves Market Cap of $750.39 Million

IOTA (MIOTA) traded down 0.2% against the U.S. dollar during the 1 day period ending at 18:00 PM Eastern on May 25th. IOTA has a total market cap of $750.39 million and approximately $11.89 million worth of IOTA was traded on exchanges in the last 24 hours. In the last week, IOTA has traded up 6.2% against the U.S. dollar. One IOTA coin can currently be bought for approximately $0.23 or 0.00000333 BTC on exchanges.

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

• Creditcoin (CTC) traded 0.5% lower against the dollar and now trades at $0.73 or 0.00001054 BTC.
• Pax Dollar (USDP) traded 0% lower against the dollar and now trades at $1.00 or 0.00001449 BTC.
• Electroneum (ETN) traded down 0.7% against the dollar and now trades at $0.0031 or 0.00000005 BTC.
• Verasity (VRA) traded 0.3% higher against the dollar and now trades at $0.0054 or 0.00000008 BTC.
• Meter Governance (MTRG) traded up 3.4% against the dollar and now trades at $1.24 or 0.00001792 BTC.
• The Transfer Token (TTT) traded 1.2% lower against the dollar and now trades at $0.0109 or 0.00000016 BTC.
• SOLVE (SOLVE) traded up 0.1% against the dollar and now trades at $0.0178 or 0.00000026 BTC.

About IOTA

IOTA (CRYPTO:MIOTA) uses the hashing algorithm. It was first traded on November 25th, 2015. IOTA’s total supply is 3,267,780,757 coins. IOTA’s official message board 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. IOTA’s official Twitter account is @iota and its Facebook page is accessible here. 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 possible to buy alternative cryptocurrencies such as IOTA directly using US dollars. Investors seeking to trade IOTA should first buy Bitcoin or Ethereum using an exchange that deals in US dollars such as Changelly, GDAX or Coinbase. Investors can then use their newly-acquired Bitcoin or Ethereum to buy IOTA using one of the exchanges listed above.

MIOTA/USD price chart by TradingView