Magic Internet Money (MIM) Self Reported Market Capitalization Achieves $104.06 Million

Magic Internet Money (MIM) traded up 0.5% against the dollar during the twenty-four hour period ending at 18:00 PM E.T. on July 21st. One Magic Internet Money coin can currently be bought for $1.00 or 0.00001471 BTC on cryptocurrency exchanges. In the last seven days, Magic Internet Money has traded 0.7% higher against the dollar. Magic Internet Money has a total market cap of $104.06 million and approximately $175,731.35 worth of Magic Internet Money was traded on exchanges in the last 24 hours.

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

• KILT Protocol (KILT) traded down 0.1% against the dollar and now trades at $0.20 or 0.00000293 BTC.
• Aidi Finance (BSC) (AIDI) traded down 2.2% 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 2.2% lower 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.
• 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.
• Lumi Credits (LUMI) traded down 1.1% against the dollar and now trades at $0.0128 or 0.00000019 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 launched 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.”

Magic Internet Money Coin Trading

It is usually not possible to purchase alternative cryptocurrencies such as Magic Internet Money directly using U.S. dollars. Investors seeking to acquire Magic Internet Money should first purchase Ethereum or Bitcoin using an exchange that deals in U.S. dollars such as Changelly, Gemini or GDAX. 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