The IOTA/ETH rate displays the IOTA rate expressed in the second largest cryptocurrency Ethereum (ETH) and shows and how many Ethers one IOTA costs.
IOTA is a cryptocurrency developed for the Internet of Things (IOT). It was announced at the end of 2015 and its main feature is the possibility of a large number of micropayments, up to 1 cent. The main difference from classical cryptocurrencies is: Any user of the system can be a miner. The user does not receive compensation for production, but the transaction within the network is free of charge.
Ethereum is a well-known cryptocurrency. Ethereum is more often called the platform, based on the technology of blockade. The cryptocurrency itself is called Ethereum. The platform was proposed in 2013, but only in started earning 2015. It was created by a programmer from Canada with Russian roots, Vitalik Buterin. In the Ethereum system, each transaction is accompanied by a Smart contract.
The pair IOT/ETH demonstrates active dynamics. So, in December 2017, for 4 days, quotations increased by 222% from the level of 0.0031 to 0.0105. On average, during periods of active growth of the pair is strengthened by 27.4% per day.
Such volatility makes it interesting for active traders.
How to buy and sell IOT/ETH?
You can buy and sell CFDs for IOT/ETH through a broker or a trading platform, such as MetaTrader 4 or Libertex, where leverage can be used, and you can trade if the cryptocurrency's value goes down or up.