On the chart for the last day, the token was continuously growing up with a trading volume of $138,742,667. It surges from $1.10 to $1.26 with the small volatility. The market capitalization of MIOTA is more than $3,463,475,911 which enables it to be on the 49th rank on the whole market. IOTA is considered as the cryptocurrency that does not have the fees for the transaction and also does not asking for miners to process the transactions.
But, it might require some computational power in order to complete a transaction, by preparing and making it great for machines to use as a currency and distributed communication protocol for the Internet of Things “IoT”. The key goal of this innovation is to find the solutions for the problems which are related to Blockchain Technology. For example one of the issues is that the bigger blockchain is much slower and expensive and it is also creating some obstacles in the process of transfer funds.