IOTA (IOTAUSD): Live Price Chart

IOTA is a cryptocurrency that exists on an open-source distributed ledger. The history of IOTA goes back to 2015. It was created by David Sønstebø, Dominik Schiener, Sergey Ivancheglo, and Serguei Popov. They partly funded the project through a public crowd sale. Crypto enthusiasts used other cryptocurrencies to raise 1,300 BTC (equivalent to $500,000, at the time). IOTA launched a year later in 2016. Initial investors contributed 5% of the total IOTA token supply. This initial supply and, in turn, the investors became part of the IOTA Foundation, which is where improvements to the network now stem from.

Transactions on the network are validated by nodes that have previously approved two transactions. These nodes are overseen by a coordinator node, which removes the need for validation through miners. This removes transaction fees. That makes IOTAUSD an ideal solution for microtransactions and, therefore, the Internet of Things.

The history of IOTAUSD is interesting from a trading perspective because, unlike other financial instruments, it’s not been around for 50+ years. Instead, it’s a product of the cryptocurrency revolution and, therefore, prone to notable swings. However, unlike some cryptos, the price of IOTAUSD has fluctuated too significantly since it launched in 2016.

Having said this, the IOTA price tends to move in sync with Bitcoin and other major cryptocurrencies. This led to an unprecedented spike in 2018 when the value of IOTA coins increased by more than 1,300%. The IOTAUSD price can also be affected by improvements to the blockchain and mainstream adoption. With microtransactions a particular feature of this crypto, some believe it will become important within the Internet of Things. Finally, with a supply cap of 2,779,530,283,277,761 IOTA, rarity may also affect the price of IOTAUSD as more coins are created.

Why should you trade IOTA coins? The advantage of trading IOTAUSD, rather than investing, is that you can go long or short. CFDs make it possible to trade IOTA in both directions because you don’t own the underlying asset.

Therefore, you can speculate on the price increasing or decreasing, which can be useful in volatile markets, such as crypto. However, by investing, you have a direct stake in IOTA because you own the coins. This gives you the ability to store it in your crypto wallet. The downside to this strategy is that you’ll only make a profit when the price of IOTAUSD increases.