IOTA One Day Volume Tops $7.14 Million (MIOTA)

IOTA (MIOTA) traded down 1.9% against the dollar during the 24-hour period ending at 7:00 AM ET on July 3rd. One IOTA coin can currently be bought for approximately $0.0390 or 0.00000063 BTC on cryptocurrency exchanges. IOTA has a market cap of $176.20 million and $7.14 million worth of IOTA was traded on exchanges in the last day. During the last week, IOTA has traded up 4.2% against the dollar.

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

• Creditcoin (CTC) traded 1.5% higher against the dollar and now trades at $0.0842 or 0.00000136 BTC.
• Pax Dollar (USDP) traded down 0.2% against the dollar and now trades at $1.00 or 0.00001615 BTC.
• Electroneum (ETN) traded down 1.6% against the dollar and now trades at $0.0009 or 0.00000001 BTC.
• The Transfer Token (TTT) traded down 18.6% against the dollar and now trades at $0.0030 or 0.00000003 BTC.
• Verasity (VRA) traded up 10.1% against the dollar and now trades at $0.0000 or 0.00000000 BTC.
• Meter Governance (MTRG) traded 3.4% higher against the dollar and now trades at $0.0115 or 0.00000019 BTC.
• SOLVE (SOLVE) traded 52.2% higher against the dollar and now trades at $0.0001 or 0.00000000 BTC.

IOTA Profile

MIOTA uses the hashing algorithm. Its launch date was November 25th, 2015. IOTA’s total supply is 4,600,000,000 coins and its circulating supply is 4,516,903,798 coins. IOTA’s official Twitter account is @iota and its Facebook page is accessible here. The official website for IOTA is www.iota.org. The official message board for IOTA 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.

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): Discord, Facebook, Instagram, YouTube, LinkedIn, BitcoinTalk, GitHub, RedditWhitepaper”

IOTA Coin Trading

It is usually not presently 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 GDAX, Gemini or Changelly. 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