IOTA 1-Day Volume Reaches $12.99 Million (MIOTA)

IOTA (MIOTA) traded down 1.5% against the dollar during the 1-day period ending at 12:00 PM E.T. on December 7th. One IOTA coin can now be purchased for $0.10 or 0.00000112 BTC on popular cryptocurrency exchanges. IOTA has a market capitalization of $418.33 million and approximately $12.99 million worth of IOTA was traded on exchanges in the last 24 hours. In the last seven days, IOTA has traded down 10.7% against the dollar.

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

• Creditcoin (CTC) traded down 5.8% against the dollar and now trades at $0.30 or 0.00000333 BTC.
• Pax Dollar (USDP) traded up 0% against the dollar and now trades at $1.00 or 0.00001117 BTC.
• Electroneum (ETN) traded 3.7% higher against the dollar and now trades at $0.0015 or 0.00000002 BTC.
• Verasity (VRA) traded 6% lower against the dollar and now trades at $0.0003 or 0.00000000 BTC.
• The Transfer Token (TTT) traded down 18.6% against the dollar and now trades at $0.0030 or 0.00000003 BTC.
• Meter Governance (MTRG) traded 0.3% lower against the dollar and now trades at $0.0352 or 0.00000039 BTC.
• SOLVE (SOLVE) traded up 4.7% against the dollar and now trades at $0.0002 or 0.00000000 BTC.

About IOTA

IOTA (CRYPTO:MIOTA) uses the hashing algorithm. It was first traded on November 25th, 2015. IOTA’s total supply is 4,600,000,000 coins and its circulating supply is 4,171,820,455 coins. IOTA’s official message board 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. 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 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 acquire IOTA should first purchase Ethereum or Bitcoin using an exchange that deals in US dollars such as Gemini, Coinbase or GDAX. 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