Ever since the arrival of Bitcoin, which heralded so many other cryptocurrencies, there has not been a shortage of coins you can trade. One such coin is Miota (IOTA). It is a new cryptocurrency you can trade on different online platforms.
So, you find yourself interested in this cryptocurrency, but you have no idea what it is or if it is a good investment? Well, this article covers your Miota coin questions and places where you can buy it.
Defining Miota
Miota Chronicle
Best Services to Exchange IOTA
About IOTA
Defining Miota
This is a relatively new cryptocurrency that also doubles as a distributed ledger. It was released in 2016, and unlike most cryptocurrencies, it does not validate transactions using miners. It has a total of 2,779,530,283,277,761 tokens in circulation.
Miota Chronicle
It was elaborated on in 2015 by the team of David Sonstebo, Sergey Ivancheglo, and others. It was initially estimated that a total of 27 quadrillion Miota coins will be in circulation, which was said to fit in with the maximum permissible integer value of JavaScript.
Three months after its launch in 2016, IOTA was valued at $14.5 billion, which was its peak valuation in the 2016-2017 bullish market trend. Its value has since crashed from this, just like most of the other cryptocurrencies.
The Price History of IOTA
Like other cryptocurrencies, IOTA has been subject to market fluctuations, which have affected its value ever since it was launched.
- IOTA Price in 2018: IOTA was valued at $0.3560 as of December 31, 2018.
- IOTA Price in 2019: IOTA was valued at $0.16 as of the last quarter in 2019.
- IOTA Price in 2020: IOTA was valued at $0.3005 as of December 2020.
Reasons to Have IOTA Today
- Partnerships: IOTA is partnering with over 100 entities (private businesses, academia, and government) to develop open-source solutions.
- Potential of the Internet of Things (IoT): It is estimated that the IoT has a potential value of $14 trillion.
- Technology: IOTA is backed by an impressive technology that has revised the principles of ledger technology by providing a fee-less, secure-data, open-source financial exchange protocol system.
- Ecosystem: There is an ecosystem of entrepreneurs, developers, philanthropists, corporate executives, government officials, and general enthusiasts contributing to the success of IOTA.
Best Services to Exchange IOTA
Godex.io
Pros
- The largest variety of pairs on this list
- No limits for orders placed
- Transactions are fast
- The Godex affiliate program gives a 0.005 BTC bonus for registration and up to 0.6% of every transaction.
Cons
- io does not support fiat currencies at the moment.
Huobi Global
Pros
- A good selection of educational resources
- 24/7 customer service support
- A vast range of cryptocurrencies for trading
Cons
- Cryptocurrency trading only
- No US clients
Binance
Pros
- Lower transaction fees
- A wide pool of trading pairs and cryptocurrencies
- Advanced trading options and tools
Cons
- The US version has fewer trading pairs compared to the international version.
- It is not supported in seven US states, including New York.
Conclusion
After reading this article, you have discovered what the Miota cryptocurrency is and whether it is a good investment. You should also have an understanding of its price history and places like Godex for a Miota to BTC exchange.
