The current IOTA market cap is at 4.041B and has a volume/ market cap of 0.2305, according to CoinMarketCap. The coin’s trading volume has increased significantly over the past week while raising the overall circulating supply of the coin by 0.01% to over 2.78 billion. MIOTA has been on surge lately and it doesn’t seem to stop. The platform also ensures tamper-proof-data security with low resource requirements. Investors believe that IOTA is highly scalable and future-proof to handle the large volumes of data coming from close to billions of Internet of Things (IoT) devices and can handle close to a thousand transactions per second.
IOTA works with machines, rather than focusing on individuals undertaking transactions in the trading environment. IOTA gained its popularity among crypto investors due to its unique use cases that incorporate blockchain and another is the internet of things. The platform provides a secure exchange of data and value without any fees. IOTA is a smart contract platform redesigning the distributed ledger technology. According to investors, the rally which started from USD 0.99 doesn’t seem to slow down and could surge even more in the coming days. The token seems to be on the rise and the uptick has been of around 44 per cent since its last major fall. IOTA has gone up by around 30 per cent in the last 24 hours and is trading at USD 1.55. The cryptocurrency market has been on the rise lately and IOTA (MIOTA) has been part of the surge.
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