The IOTA price is currently $ 0.262916 with a 24-hour trading volume of $ 4.87M across 12 exchanges. The IOTA price is down -5.08% in the last 24 hours. The IOTA price prediction sentiment is currently bearish. IOTA reached its highest price on December 6, 2017, when it was trading at its all-time high of $ 5.54. It has a circulating supply of 2.78B IOTA with a total supply of 2.78B IOTA. The best exchange for trading IOTA is Binance.

IOTA (IOTA or MIOTA) is a cryptocurrency token that is named after the Internet of Things, the internet-enabled network of smart devices that is set to grow exponentially in the coming decades. IOTA launched via an ICO in 2015, having been designed as a means of facilitating machine-to-machine transactions. IOTA differs significantly from a conventional blockchain. For one thing, it has zero transaction fees and in addition it is designed to be infinitely scalable. The IOTA blockchain is known as the Tangle, although it is technically blockless, operating instead as a peer to peer network. IOTA’s main application is for delivering micro- and nano-payments and upon launch, 2779530283277761 IOTA were created. No new coins will be minted, so all of the IOTA tokens that will ever exist are already in the system. The IOTA development team are based in Germany and the IOTA foundation has since taken on a number of high profile advisors.