IOTA Trading 21.4% Lower This Week (MIOTA)

IOTA (MIOTA) traded down 10.5% against the U.S. dollar during the one day period ending at 10:00 AM ET on January 13th. One IOTA coin can currently be purchased for approximately $0.30 or 0.00000332 BTC on exchanges. IOTA has a market cap of $1.08 billion and approximately $105.62 million worth of IOTA was traded on exchanges in the last day. In the last week, IOTA has traded 21.4% lower against the U.S. dollar.

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

• Creditcoin (CTC) traded down 6.9% against the dollar and now trades at $1.00 or 0.00001113 BTC.
• Pax Dollar (USDP) traded up 0% against the dollar and now trades at $1.00 or 0.00001107 BTC.
• Electroneum (ETN) traded 7.4% higher against the dollar and now trades at $0.0030 or 0.00000003 BTC.
• Verasity (VRA) traded 10.2% lower against the dollar and now trades at $0.0036 or 0.00000004 BTC.
• Meter Governance (MTRG) traded 5.7% lower against the dollar and now trades at $0.41 or 0.00000452 BTC.
• The Transfer Token (TTT) traded up 19.4% against the dollar and now trades at $0.0037 or 0.00000004 BTC.
• SOLVE (SOLVE) traded down 10.2% against the dollar and now trades at $0.0051 or 0.00000006 BTC.

About IOTA

IOTA uses the hashing algorithm. Its launch date was November 25th, 2015. IOTA’s total supply is 3,593,121,973 coins. The Reddit community for IOTA is https://reddit.com/r/iota and the currency’s Github account can be viewed here. IOTA’s official website is www.iota.org. IOTA’s official Twitter account is @iota and its Facebook page is accessible here. The official message board for IOTA is forum.iota.org.

According to CryptoCompare, “IOTA is an open-source distributed ledger protocol that goes 'beyond blockchain' through its core invention of the blockless ‘Tangle’. The IOTA Tangle is a quantum-proof Directed Acyclic Graph, with no fees on transactions & no fixed limit on how many transactions can be confirmed per second in the network. Instead, throughput grows in conjunction with activity in the network; the more activity, the faster the network. Unlike blockchain architecture, IOTA has no separation between users and validators; rather, validation is an intrinsic property of using the ledger, thus avoiding centralization. IOTA is initially focused on serving as the backbone of the emerging Internet-of-Things (IoT).The total supply of IOTA is (3^33 – 1) / 2 = 2,779,530,283,277,761 tokens. This value is optimized for ternary computation – it is the largest possible 33-digit ternary number:111,111,111,111,111,111,111,111,111,111,111 (base-3) = 2,779,530,283,277,761 (base-10)The total IOTA token supply was “minted” on the genesis transaction and will never change. It is now impossible for anyone to “mint” or “mine” new IOTA tokens.IOTA uses the International System of Units (or SI units):”

Buying and Selling IOTA

It is usually not currently possible to purchase alternative cryptocurrencies such as IOTA directly using US dollars. Investors seeking to trade IOTA should first purchase Ethereum or Bitcoin using an exchange that deals in US dollars such as Gemini, Changelly or Coinbase. 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