Magic Internet Money (MIM) Reaches Self Reported Market Cap of $102.75 Million

Magic Internet Money (MIM) traded 0.4% lower against the US dollar during the 1-day period ending at 16:00 PM Eastern on April 30th. In the last week, Magic Internet Money has traded down 0.2% against the US dollar. One Magic Internet Money coin can currently be bought for $0.99 or 0.00001668 BTC on major exchanges. Magic Internet Money has a total market cap of $102.75 million and approximately $187,137.99 worth of Magic Internet Money was traded on exchanges in the last 24 hours.

Here is how related cryptocurrencies have performed in the last 24 hours:

• KILT Protocol (KILT) traded 4.7% lower against the dollar and now trades at $0.28 or 0.00000475 BTC.
• Aidi Finance (BSC) (AIDI) traded 2.2% lower against the dollar and now trades at $0.0000 or 0.00000000 BTC.
• Zoo Token (ZOOT) traded 2.2% lower against the dollar and now trades at $0.0652 or 0.00000239 BTC.
• CareCoin (CARES) traded down 2.2% against the dollar and now trades at $0.0809 or 0.00000297 BTC.
• Kitty Inu (KITTY) traded up 1.9% against the dollar and now trades at $95.84 or 0.00338062 BTC.
• BitcoinBR (BTCBR) traded 313.5% higher against the dollar and now trades at $0.0000 or 0.00000000 BTC.
• Hokkaidu Inu (HOKK) traded up 1.2% against the dollar and now trades at $0.0004 or 0.00000001 BTC.
• Lego Coin (LEGO) traded flat against the dollar and now trades at $0.0086 or 0.00000013 BTC.
• Jeff in Space (JEFF) traded 2.2% lower against the dollar and now trades at $2.75 or 0.00010076 BTC.
• Lumi Credits (LUMI) traded down 0.2% against the dollar and now trades at $0.0095 or 0.00000016 BTC.

Magic Internet Money Coin Profile

Magic Internet Money was first traded on June 2nd, 2021. Magic Internet Money’s total supply is 698,964,077 coins and its circulating supply is 103,827,108 coins. Magic Internet Money’s official message board is abracadabramoney.medium.com. Magic Internet Money’s official Twitter account is @mim_spell and its Facebook page is accessible here. Magic Internet Money’s official website is abracadabra.money.

According to CryptoCompare, “Magic Internet Money (MIM) is a stablecoin soft-pegged to the US dollar, created by Daniele Sestagalli in 2021. It is minted by the Abracadabra.money protocol and backed by interest-bearing tokens. MIM can be borrowed against collateral on the Abracadabra platform and allows fast and secure cross-chain transfers through Beaming. Its value is maintained through arbitrage, keeping it close to 1 USD. MIM serves as a stable digital currency for various financial activities on the blockchain.”

Buying and Selling Magic Internet Money

It is usually not currently possible to purchase alternative cryptocurrencies such as Magic Internet Money directly using U.S. dollars. Investors seeking to trade Magic Internet Money should first purchase Ethereum or Bitcoin using an exchange that deals in U.S. dollars such as GDAX, Coinbase or Changelly. Investors can then use their newly-acquired Ethereum or Bitcoin to purchase Magic Internet Money using one of the aforementioned exchanges.

MIM/USD price chart by TradingView