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Virtual currencies have captured the imagination of investors worldwide in the last few weeks or such. However, due to their volatile nature they even have struck fear among others, and confused the heck out of the rest of us. Many cryptocurrencies have emerged in the market ever since, each one vying with the other to seek dominance. While most of the investors worldwide are focused on Bitcoin, here is a cryptocurrency slowly dominating the market share. Yes, we are talking about IOTA. Despite Bitcoin surging by around 1,500 percent in this year, it still can’t be called as the outdoer in the cryptocurrency world. Here is a little known cryptocurrency that has attracted interest of the investors in the last month and has put to shame the abnormal rise in Bitcoin. IOTA is now the fourth biggest cryptocurrency in terms of market capitalisation after Bitcoin, ethereum and bitcoin cash. IOTA has jumped from the 9th-largest to the 4th-largest cryptocurrency in the world in under two weeks. Prices of IOTA have risen by 980 percent to $4.14 on December 7, 2017 from $0.38 on November 7. The virtual currency has risen over 180 percent in December so far. In mid-October, MIOTA, as it’s officially called, was trading around $0.40. Officially called MIOTA, the spike 3 December, when a single IOTA token doubled its valuation from roughly $1.40 to $2.80.
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To clarify: IOTA is the official term for one unit of IOTA, I think there might rise some confusion if we don't clarify this.
Indeed the total circulating supply of IOTAs indicated in MIOTA.
They use the international SI nomenclature to indicate units of IOTA. currently the tradable unit is 1 Mi.
(Ki), KiloIota, kIOTA = 1.000 units
(Mi), MegaIota, MIOTA = 1.000.000 units
(Gi), GigaIota, GIOTA = 1.000.000.000 units
(Ti), TeraIota, TIOTA = 1.000.000.000.000 units
(Pi) PetaIota, PIOTA = 1.000.000.000.000.000 units
Keep this in mind when exploring IOTA.
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