IOTA Price Reaches $0.35 (MIOTA)

IOTA (MIOTA) traded up 1.8% against the U.S. dollar during the twenty-four hour period ending at 21:00 PM E.T. on March 28th. Over the last week, IOTA has traded 8.1% higher against the U.S. dollar. IOTA has a market capitalization of $1.12 billion and approximately $29.66 million worth of IOTA was traded on exchanges in the last 24 hours. One IOTA coin can currently be bought for $0.35 or 0.00000495 BTC on popular cryptocurrency exchanges.

Here is how similar cryptocurrencies have performed over the last 24 hours:

• Creditcoin (CTC) traded down 4% against the dollar and now trades at $1.00 or 0.00001407 BTC.
• Pax Dollar (USDP) traded 0% lower against the dollar and now trades at $1.00 or 0.00001411 BTC.
• Electroneum (ETN) traded 9.8% lower against the dollar and now trades at $0.0062 or 0.00000009 BTC.
• Verasity (VRA) traded up 2.7% against the dollar and now trades at $0.0100 or 0.00000014 BTC.
• Meter Governance (MTRG) traded 4.9% higher against the dollar and now trades at $2.11 or 0.00002974 BTC.
• The Transfer Token (TTT) traded 7.4% lower against the dollar and now trades at $0.0153 or 0.00000022 BTC.
• SOLVE (SOLVE) traded down 2.4% against the dollar and now trades at $0.0270 or 0.00000038 BTC.

IOTA Profile

IOTA uses the hashing algorithm. It launched on November 25th, 2015. IOTA’s total supply is 3,191,229,882 coins. IOTA’s official Twitter account is @iota and its Facebook page is accessible here. 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. 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 presently possible to buy alternative cryptocurrencies such as IOTA directly using US dollars. Investors seeking to acquire IOTA should first buy Ethereum or Bitcoin using an exchange that deals in US dollars such as Gemini, Coinbase or Changelly. Investors can then use their newly-acquired Ethereum or Bitcoin to buy IOTA using one of the aforementioned exchanges.

MIOTA/USD price chart by TradingView