IOTA is a unique cryptocurrency project focused on the Internet of Things (IoT) ecosystem. As of the latest data, its token, MIOTA, is trading at approximately $11.41. This guide provides a comprehensive overview of IOTA's price trends, market data, technology, and frequently asked questions.
IOTA Price Overview
The current price of IOTA is **$11.41 USD**. Over the past 24 hours, the trading volume has been $707,280. However, specific percentage changes and high/low data for various timeframes are currently unavailable (N/A). The maximum supply of IOTA tokens is capped at 21 million MIOTA.
Key Market Data
- 24-Hour Trading Volume: $707,280 USD
- Circulating Supply: N/A
- Total Supply: 1.26 million MIOTA
- Market Cap Ranking: #14981
Understanding IOTA Technology
IOTA is not a traditional blockchain. It utilizes a innovative architecture called the Tangle, which is a Directed Acyclic Graph (DAG). This design eliminates the need for miners and transaction fees, making it highly scalable and ideal for micro-transactions between IoT devices. The core vision is to facilitate machine-to-machine (M2M) economies and data integrity.
Core Features of the Tangle
- Fee-less Transactions: Users can transfer value without paying network fees.
- High Scalability: The network becomes faster as more transactions are processed.
- Quantum Resistance: The cryptographic foundations are designed to be secure against future quantum computing attacks.
IOTA Price History and Chart Analysis
Analyzing price charts is crucial for understanding market sentiment. While specific historical high/low points are not available in the provided data, traders typically look for patterns and support/resistance levels on daily, weekly, and monthly charts. Price action can be influenced by:
- Overall cryptocurrency market trends.
- Developments and partnerships announced by the IOTA Foundation.
- Adoption news within the IoT industry.
- Broader macroeconomic factors.
👉 View real-time chart analysis tools
How to Convert IOTA to USD and Other Currencies
Our integrated currency converter allows you to easily check the value of IOTA in your local fiat currency or another cryptocurrency. Simply enter the amount of MIOTA you wish to convert.
Example Conversion: 1 SN9 (MIOTA) = 11.41 USD
Please note: All conversion rates are for reference only and may change in real-time based on market conditions.
Frequently Asked Questions (FAQ)
What is IOTA used for?
IOTA is designed to be the backbone of the Internet of Things. Its primary use cases include secure data transfer, feeless micro-payments between machines, and ensuring the integrity of data collected by sensors and devices in a trusted manner.
How is IOTA different from Bitcoin or Ethereum?
Unlike Bitcoin and Ethereum, which use blockchain, IOTA uses the Tangle. This fundamental difference means no miners, no blocks, and no fees. It is specifically built for high-throughput M2M communication, whereas Bitcoin is primarily a store of value and Ethereum a platform for smart contracts.
Where can I buy IOTA tokens?
IOTA (MIOTA) is listed on several major cryptocurrency exchanges. You can typically purchase it using Bitcoin (BTC), Ethereum (ETH), or stablecoins like USDT. Always ensure you are using a reputable and secure platform for your transactions.
Is IOTA a good investment?
The potential of IOTA is tied to the growth and adoption of the Internet of Things. While its technology is innovative, like all cryptocurrencies, it carries significant investment risk. Its price is volatile and influenced by market speculation, technological progress, and broader economic conditions. Always conduct thorough research (DYOR) and consider your risk tolerance.
What is the total supply of IOTA?
The total maximum supply of IOTA tokens is 21 million MIOTA. This is a fixed supply, meaning no new tokens will be created through mining or staking.
How do I store my IOTA securely?
IOTA tokens should be stored in a secure wallet where you control the private keys. The official Firefly Wallet is recommended by the IOTA Foundation for storing and managing MIOTA tokens. It is crucial to never share your seed phrase (recovery words) with anyone.