IOTA (MIOTA) is one of the most active cryptocurrencies in the industry. IOTA is designed to provide infrastructure to enable transactions on devices on the Internet of Things (IoT). It is a unique digital currency compared to its peers and has a promising future. It is considered as a long-term investment option by many investors. It can be looked at as profitable investment option with good returns, according to the trade patterns of the current year. The digital currency displayed a growth of over 12,500 percent in its value last year.
IOTA exhibits a downward slide today in its prices.The day started at $0.969 with a market cap of $.26 billion. Since then it has declined and is currently trading at $0.923 with a market cap of $2.5 billion. The digital currency is struggling to recover in the present bearish market.
Bitcoin has experienced major fluctuations over the past 24 hours. At present one IOTA is equal to 0.0001568 bitcoin. IOTA displays a loss of 1.26% against bitcoin. While bitcoin is struggling maintain stable prices in the bearish market, the coin is battling to reach the $1 mark.
The cryptocurrency was trading at $1 mark in the beginning of the week. The digital currency exhibited a loss of 6.008% over the past seven days.
The digital currency reached over $1 and almost reached $2 during the last year. The coin is sinking and is still grappling to reach $1.
A mechanical engineer turned journalist, Shekar takes a keen interest in the study and analysis of cryptocurrencies and blockchain strategy. With the cryptocurrency world blooming in the recent days, he finds great interest in monitoring their growth and gathering every possible piece of information about them. He works as a crypto-journalist for the website Peopleperbitcoin.