IOTA (MIOTA) Reaches One Day Trading Volume of $71.73 Million – Watch List News

   2021-05-29 11:05


IOTA (CURRENCY:MIOTA) traded 1.9% lower against the U.S. dollar during the 1-day period ending at 7:00 AM E.T. on May 29th. Over the last seven days, IOTA has traded down 5.5% against the U.S. dollar. One IOTA coin can now be bought for about $1.03 or 0.00002922 BTC on cryptocurrency exchanges. IOTA has a market cap of $2.85 billion and approximately $71.73 million worth of IOTA was traded on exchanges in the last 24 hours.



Here’s how other cryptocurrencies have performed over the last 24 hours:


  • Poseidon Network (QQQ) traded down 1.2% against the dollar and now trades at $0.0250 or 0.00000071 BTC.
  • VITE (VITE) traded down 0.9% against the dollar and now trades at $0.0911 or 0.00000259 BTC.
  • Obyte (GBYTE) traded down 7.3% against the dollar and now trades at $36.87 or 0.00104981 BTC.
  • IoT Chain (ITC) traded 3.4% higher against the dollar and now trades at $0.0872 or 0.00000248 BTC.
  • HYCON (HYC) traded 16.4% lower against the dollar and now trades at $0.0019 or 0.00000005 BTC.
  • TrustNote (TTT) traded 0% lower against the dollar and now trades at $0.0000 or 0.00000000 BTC.

IOTA Coin Profile

IOTA is a Tangle coin that uses the

Directed Acyclic Graph (DAG)

hashing algorithm. Its launch date was July 17th, 2016. IOTA’s total supply is 2,779,530,283 coins. IOTA’s official message board is forum.iota.org. IOTA’s official Twitter account is @iotatoken and its Facebook page is accessible here. The Reddit community for IOTA is /r/Iota and the currency’s Github account can be viewed 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). For a more in depth look at the technical design of IOTA read their https://iota.org/IOTA_Whitepaper.pdf.  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 possible to buy alternative cryptocurrencies such as IOTA directly using US dollars. Investors seeking to acquire IOTA should first buy Bitcoin or Ethereum using an exchange that deals in US dollars such as Gemini, Changelly or Coinbase. Investors can then use their newly-acquired Bitcoin or Ethereum to buy IOTA using one of the exchanges listed above.



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