IOTA (MIOTA) Price Up 13.8% Over Last Week

IOTA (MIOTA) traded up 5.9% against the dollar during the twenty-four hour period ending at 10:00 AM ET on February 10th. One IOTA coin can currently be purchased for about $0.23 or 0.00000239 BTC on exchanges. During the last seven days, IOTA has traded up 13.8% against the dollar. IOTA has a total market capitalization of $847.78 million and approximately $40.70 million worth of IOTA was traded on exchanges in the last day.

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

• Creditcoin (CTC) traded up 0.3% against the dollar and now trades at $0.82 or 0.00000844 BTC.
• Pax Dollar (USDP) traded 0% higher against the dollar and now trades at $1.00 or 0.00001024 BTC.
• Electroneum (ETN) traded 4% higher against the dollar and now trades at $0.0024 or 0.00000002 BTC.
• Verasity (VRA) traded up 5.8% against the dollar and now trades at $0.0025 or 0.00000003 BTC.
• The Transfer Token (TTT) traded down 0.5% against the dollar and now trades at $0.0037 or 0.00000004 BTC.
• Meter Governance (MTRG) traded 3.8% lower against the dollar and now trades at $0.11 or 0.00000110 BTC.
• SOLVE (SOLVE) traded down 11% against the dollar and now trades at $0.0018 or 0.00000002 BTC.

IOTA Coin Profile

IOTA uses the hashing algorithm. It was first traded on November 25th, 2015. IOTA’s total supply is 3,631,397,410 coins. The official website for IOTA 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. The official message board for IOTA is forum.iota.org. 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 presently possible to purchase alternative cryptocurrencies such as IOTA directly using US dollars. Investors seeking to acquire IOTA should first purchase Bitcoin or Ethereum using an exchange that deals in US dollars such as Gemini, Coinbase or GDAX. 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