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Cryptocurrencies:  7,494Markets:  31,862Market Cap:  $394,095,168,69124h Vol:  $104,949,781,412BTC Dominance:  60.8%
Market Cap:  $394,095,168,69124h Vol:  $104,949,781,412BTC Dominance:  60.8%Cryptocurrencies:  7,494Markets:  31,862
IOTA

IOTA (MIOTA)

$0.280034 USD (-2.40%)
0.00002159 BTC (-3.59%)
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  • Market Cap
    $778,363,603 USD
    60,021 BTC
  • Volume (24h)
    $15,054,377 USD
    1,161 BTC
  • Circulating Supply
    2,779,530,283 MIOTA
  • Max Supply
    2,779,530,283 MIOTA
  • Historical data for IOTA

    Currency in USD
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    DateOpen*HighLowClose**VolumeMarket Cap
    Date
    DateOpen*HighLowClose**VolumeMarket Cap
    Oct 22, 2020
    0.281770
    0.291153
    0.281333
    0.282212
    12,483,415
    784,416,943
    Oct 21, 2020
    0.264277
    0.285693
    0.263946
    0.282003
    11,941,582
    783,836,572
    Oct 20, 2020
    0.277016
    0.277215
    0.263848
    0.264514
    9,235,436
    735,225,827
    Oct 19, 2020
    0.272924
    0.280119
    0.266313
    0.277104
    8,104,061
    770,217,867
    Oct 18, 2020
    0.270049
    0.273916
    0.270049
    0.272999
    4,006,836
    758,808,003
    Oct 17, 2020
    0.264292
    0.272535
    0.260852
    0.270018
    5,286,868
    750,523,721
    Oct 16, 2020
    0.276177
    0.280870
    0.262107
    0.264286
    8,621,259
    734,591,716
    Oct 15, 2020
    0.274344
    0.276449
    0.265617
    0.276185
    9,229,519
    767,664,933
    Oct 14, 2020
    0.285556
    0.288398
    0.269802
    0.274722
    10,892,440
    763,598,556
    Oct 13, 2020
    0.290627
    0.295005
    0.281672
    0.285446
    9,394,262
    793,404,713
    Oct 12, 2020
    0.307203
    0.307794
    0.284637
    0.291391
    14,010,724
    809,931,162
    Oct 11, 2020
    0.275383
    0.331174
    0.275071
    0.307145
    20,521,833
    853,719,608
    Oct 10, 2020
    0.270906
    0.295256
    0.268474
    0.277879
    15,105,977
    772,373,858
    Oct 09, 2020
    0.262996
    0.271768
    0.261324
    0.271768
    7,620,634
    755,385,998
    Oct 08, 2020
    0.258023
    0.263492
    0.247818
    0.262732
    6,596,036
    730,272,429
    Oct 07, 2020
    0.253732
    0.258809
    0.245013
    0.257796
    6,892,883
    716,551,880
    Oct 06, 2020
    0.271733
    0.272083
    0.252073
    0.253732
    10,193,930
    705,254,438
    Oct 05, 2020
    0.275692
    0.279373
    0.268326
    0.271929
    6,817,409
    755,835,199
    Oct 04, 2020
    0.266392
    0.277844
    0.264872
    0.275692
    6,870,609
    766,293,695
    Oct 03, 2020
    0.269107
    0.280156
    0.266141
    0.266392
    13,076,315
    740,444,784
    Oct 02, 2020
    0.272509
    0.279207
    0.254025
    0.269107
    14,224,838
    747,990,619
    Oct 01, 2020
    0.283707
    0.288933
    0.265948
    0.272574
    10,928,975
    757,628,914
    Sep 30, 2020
    0.274398
    0.288293
    0.264544
    0.283528
    9,809,153
    788,075,831
    Sep 29, 2020
    0.269296
    0.279316
    0.263586
    0.274257
    8,124,252
    762,304,789
    Sep 28, 2020
    0.259937
    0.282107
    0.259937
    0.269347
    10,555,831
    748,658,754
    Sep 27, 2020
    0.264260
    0.267666
    0.252255
    0.259937
    6,051,691
    722,502,041
    Sep 26, 2020
    0.255977
    0.264625
    0.252059
    0.264484
    5,875,149
    735,141,032
    Sep 25, 2020
    0.247760
    0.261888
    0.240035
    0.256025
    8,571,439
    711,630,217
    Sep 24, 2020
    0.233059
    0.251316
    0.230721
    0.247633
    5,950,890
    688,304,077
    Sep 23, 2020
    0.243547
    0.253512
    0.231808
    0.233223
    7,947,388
    648,249,600

About IOTA

IOTA price today is $0.280034 USD with a 24-hour trading volume of $15,054,377 USD. IOTA is down 2.40% in the last 24 hours. The current CoinMarketCap ranking is #27, with a market cap of $778,363,603 USD. It has a circulating supply of 2,779,530,283 MIOTA coins and a max. supply of 2,779,530,283 MIOTA coins. You can find the top exchanges to trade IOTA listed on our crypto exchanges page.

What Is IOTA (MIOTA)?


IOTA is a distributed ledger with one big difference: it isn’t actually a blockchain. Instead, its proprietary technology is known as Tangle, a system of nodes that confirm transactions. The foundation behind this platform says this offers far greater speeds than conventional blockchains — and an ideal footprint for the ever-expanding Internet of Things ecosystem.

Because there’s no blockchain, there are no miners, and because there are no miners, there are no fees. Many established networks see costs balloon when congestion intensifies, but IOTA aims to provide limitless throughput at minimal expense.

In time, IOTA’s goal is to become the de facto platform for executing transactions between IoT devices. Given how estimates suggest there could be 20.4 billion such devices out there by 2024, this could end up being big business.

The team behind IOTA believe that the potential use cases don’t end here. They believe their distributed ledger could deliver digital identities to all, result in car insurance policies that are based on actual usage, pave the way for cutting-edge smart cities, deliver seamless global trade and prove the authenticity of products.

Originally known as Jinn, a crowdsale for the project was held in September 2014, and the network officially launched in 2016.

Who Are the Founders of IOTA?


IOTA has four co-founders, and their names are Sergey Ivancheglo, Serguei Popov, David Sønstebø and Dominik Schiener.

According to the IOTA Foundation, the initiative has rapidly grown since then — and team members are now based across more than 25 countries.

Sonstebo and Schiener are collectively co-chairmen of the board of directors, while Popov is a board member and the foundation’s director of research.

Ivancheglo resigned from the Berlin-based project back in June 2019 but continues as an unofficial advisor. At the time, he said in a statement: “I no longer believe that the IOTA Foundation is the best setting for me to realize what we set out to create back in 2014 and 2015. I have always done my best work in a less rigid environment. I am looking forward to continuing the work on both hardware and software development of IOTA independently.”

What Makes IOTA Unique?


Well, as we alluded to a little earlier, the fact that it’s effectively a blockchainless blockchain is rather unusual to say the least.

Tangle’s more technical name is the Directed Acyclic Graph — and as Sønstebø explained in a blog post back in 2015, this technology aims to retain blockchain’s ability to execute secure transactions. The only difference is that it does away with the notion of blocks.

He also wrote: “IOTA should not be considered an alternative coin (altcoin) to existing cryptocurrencies such as Bitcoin, rather it is an extension of the growing blockchain ecosystem. It’s meant to work in synergy with these other platforms to form cohesion and symbiotic relationships. IOTA is designed to provide one solution that no other crypto does: efficient, secure, lightweight, real-time micro-transactions without fees.”

New transactions are validated by approving two previous transactions from another node — and this is a novel approach because it means that the network’s size and speed will be directly related to how many people are using the platform.

And whereas some cryptocurrencies are run as a business, the IOTA Foundation says it is firmly not for profit — adding that it has the sole goal of making the network as prosperous as possible.

Finally, IOTA has distinguished itself from many other crypto rivals by establishing high-profile partnerships with the carmaker Volkswagen, and helping the city of Taipei to pursue smart projects.

Read our deep dives into the latest crypto technology

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How Many IOTA (MIOTA) Coins Are There In Circulation?


MIOTA has a maximum supply of 2,779,530,283 tokens — and all of them are in circulation.

When the crowdsale was held, this digital asset was billed as a utility token that could be used for payment across its network, rather than a profit-sharing coin.

An incredibly precise 999,999,999 were sold during the 2015 crowdsale, and this generated revenue of 1,337 BTC for the foundation. Given that Bitcoin was only worth about $325 at the time, this could have resulted in a substantial windfall for the team in later years.

It is worth noting that the supply of MIOTA did increase in later years, with the team arguing that a greater level of supply would make the token suitable for the “tiny nano transactions” that we’ll likely see through IoT devices.

The IOTA Foundation launched in October 2017, and at the time, it owned approximately 5% of the tokens that are in circulation, and these were donated by the community. It said “the majority of these funds will go towards building an army of developers and researchers.”

How Is the IOTA Network Secured?


Given how the IOTA network isn’t a blockchain, you may not think that it would have much need for a consensus mechanism. However, to help keep the network secure, a relatively straightforward Proof-of-Work puzzle is included in the process of validating a transaction.

There have been security concerns surrounding IOTA. In the past, researchers have claimed they have found vulnerabilities in the project’s code.

Where Can You Buy IOTA (MIOTA)?


MIOTA is available on multiple exchanges — including Binance, Bitfinex, and OKEx. According to the project, a range of trading pairs are available, linking the token with Bitcoin, Ethereum, stablecoins, and fiat currencies including the Japanese yen, euro, pound, and dollar. Learn more about fiat on-ramps here."

IOTA Price

IOTA Price$0.280034 USD
IOTA ROI
> 9000%
Market Rank#27
Market Cap$778,363,603 USD
24 Hour Volume$15,054,377 USD
Circulating Supply2,779,530,283 MIOTA
Total Supply2,779,530,283 MIOTA
Max Supply2,779,530,283 MIOTA
All Time High
$5.69 USD
(Dec 19, 2017)
All Time Low
$0.079620 USD
(Mar 13, 2020)
52 Week High / Low
$0.439180 USD /
$0.079620 USD
90 Day High / Low
$0.439180 USD /
$0.230721 USD
30 Day High / Low
$0.331174 USD /
$0.230721 USD
7 Day High / Low
$0.291153 USD /
$0.260852 USD
24 Hour High / Low
$0.291153 USD /
$0.277561 USD
Yesterday's High / Low
$0.291153 USD /
$0.281333 USD
Yesterday's Open / Close
$0.281770 USD /
$0.282212 USD
Yesterday's Change$0.000442 USD (0.16%)
Yesterday's Volume$12,483,415 USD
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