IOTA is the 6th Biggest CryptoCurrency by Market Capitalization

in #cryptocurrency7 years ago

I know most people don't even know or have heard about this currency (and neither did i until one hour ago) but apparently it is going to revolutionalize the internet of things market helping with machine communication or something I'm not quite sure what i read but it's along those lines.

What surprised me is that it has a market capitalization of over $1.7 Billion! And today close to $20 million(Past 24hrs) worth of IOTA have been traded.

Do you trade IOTA? Let me know in the comments.

image© bitcoinist.com

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It's not hard to have a top market cap. Pre-mine billions, even trillions, of tokens out of thin air. As soon as they're worth something, you'll have bigger market cap than Bitcoin. Does that mean it's a valuable coin? Of course not.