Magic Internet Money (MIM) Reaches Self Reported Market Cap of $104.08 Million

Magic Internet Money (MIM) traded down 0.1% against the U.S. dollar during the 24 hour period ending at 18:00 PM ET on October 14th. Over the last week, Magic Internet Money has traded up 0.2% against the U.S. dollar. One Magic Internet Money coin can currently be purchased for $1.00 or 0.00001524 BTC on popular cryptocurrency exchanges. Magic Internet Money has a market capitalization of $104.08 million and $89,861.00 worth of Magic Internet Money was traded on exchanges in the last day.

Here’s how similar cryptocurrencies have performed over 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 2.2% lower against the dollar and now trades at $0.0809 or 0.00000297 BTC.
• Hokkaidu Inu (HOKK) traded up 1.2% against the dollar and now trades at $0.0004 or 0.00000001 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 8.9% higher against the dollar and now trades at $0.0162 or 0.00000027 BTC.
• AXIA Coin (AXC) traded down 0.1% against the dollar and now trades at $13.43 or 0.00048094 BTC.
• MVP Coin (MVP) traded up 8.2% against the dollar and now trades at $0.0517 or 0.00000078 BTC.
• P2P Solutions foundation (P2PS) traded 6.5% higher against the dollar and now trades at $169.65 or 0.00257873 BTC.

Magic Internet Money Coin Profile

Magic Internet Money’s launch 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. The official website for Magic Internet Money is abracadabra.money. 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.

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

MIM/USD price chart by TradingView