Magic Internet Money (MIM) Self Reported Market Capitalization Hits $103.62 Million

Magic Internet Money (MIM) traded 0.1% lower against the dollar during the 24 hour period ending at 9:00 AM Eastern on December 20th. During the last week, Magic Internet Money has traded 0.2% lower against the dollar. One Magic Internet Money coin can now be bought for about $1.00 or 0.00001050 BTC on popular cryptocurrency exchanges. Magic Internet Money has a market cap of $103.62 million and $913,151.74 worth of Magic Internet Money was traded on exchanges in the last day.

Here’s how other cryptocurrencies have performed during the last day:

• 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 down 2.2% 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.
• Hokkaidu Inu (HOKK) traded 1.2% higher against the dollar and now trades at $0.0004 or 0.00000001 BTC.
• Jeff in Space (JEFF) traded down 2.2% against the dollar and now trades at $2.75 or 0.00010076 BTC.
• SolvBTC (SOLVBTC) traded down 6.8% against the dollar and now trades at $95,058.25 or 1.00047174 BTC.
• SolvBTC.BBN (SOLVBTC.BB) traded down 6.9% against the dollar and now trades at $94,454.99 or 0.99412249 BTC.
• Lumi Credits (LUMI) traded 8.9% higher against the dollar and now trades at $0.0162 or 0.00000027 BTC.
• AXIA Coin (AXC) traded 0.1% lower against the dollar and now trades at $13.43 or 0.00048094 BTC.

Magic Internet Money Profile

Magic Internet Money’s genesis date was 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 Twitter account is @mim_spell and its Facebook page is accessible here. The official website for Magic Internet Money is abracadabra.money. The official message board for Magic Internet Money is abracadabramoney.medium.com.

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 buy alternative cryptocurrencies such as Magic Internet Money directly using US dollars. Investors seeking to acquire Magic Internet Money should first buy Bitcoin or Ethereum using an exchange that deals in US dollars such as Coinbase, Gemini or Changelly. Investors can then use their newly-acquired Bitcoin or Ethereum to buy Magic Internet Money using one of the aforementioned exchanges.

MIM/USD price chart by TradingView