IOTA (MIOTA) Price Hits $0.21 on Major Exchanges

IOTA (MIOTA) traded up 4.3% against the US dollar during the 1 day period ending at 9:00 AM Eastern on March 2nd. IOTA has a total market capitalization of $756.43 million and approximately $35.20 million worth of IOTA was traded on exchanges in the last 24 hours. One IOTA coin can now be purchased for $0.21 or 0.00000242 BTC on exchanges. In the last week, IOTA has traded 8.4% lower against the US dollar.

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

• Creditcoin (CTC) traded up 1.3% against the dollar and now trades at $0.73 or 0.00000848 BTC.
• Pax Dollar (USDP) traded 0% higher against the dollar and now trades at $1.00 or 0.00001169 BTC.
• Electroneum (ETN) traded 0.1% higher against the dollar and now trades at $0.0021 or 0.00000002 BTC.
• Verasity (VRA) traded down 0.8% against the dollar and now trades at $0.0020 or 0.00000002 BTC.
• The Transfer Token (TTT) traded down 0% against the dollar and now trades at $0.0037 or 0.00000004 BTC.
• Meter Governance (MTRG) traded 2.8% higher against the dollar and now trades at $0.11 or 0.00000134 BTC.
• SOLVE (SOLVE) traded 0.4% higher against the dollar and now trades at $0.0015 or 0.00000002 BTC.

About IOTA

IOTA uses the hashing algorithm. Its launch date was November 25th, 2015. IOTA’s total supply is 3,650,535,129 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 message board is forum.iota.org. IOTA’s official Twitter account is @iota and its Facebook page is accessible here. IOTA’s official website 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.”

IOTA Coin Trading

It is usually not possible to purchase alternative cryptocurrencies such as IOTA directly using US dollars. Investors seeking to trade IOTA should first purchase Bitcoin or Ethereum using an exchange that deals in US dollars such as GDAX, Gemini or Changelly. Investors can then use their newly-acquired Bitcoin or Ethereum to purchase IOTA using one of the exchanges listed above.

MIOTA/USD price chart by TradingView