Magic Internet Money (MIM) Price Tops $1.00 on Top Exchanges

Magic Internet Money (MIM) traded down 0.2% against the U.S. dollar during the 24 hour period ending at 9:00 AM Eastern on February 10th. One Magic Internet Money coin can now be bought for approximately $1.00 or 0.00001023 BTC on major cryptocurrency exchanges. Over the last week, Magic Internet Money has traded 0.1% higher against the U.S. dollar. Magic Internet Money has a market cap of $103.75 million and $160,112.06 worth of Magic Internet Money was traded on exchanges in the last 24 hours.

Here is how other cryptocurrencies have performed over the last 24 hours:

• GMX (GMX) traded 5.9% higher against the dollar and now trades at $24.31 or 0.00024898 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.
• 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.
• SolvBTC (SOLVBTC) traded up 1.6% against the dollar and now trades at $97,452.64 or 0.99800006 BTC.
• SolvBTC.BBN (SOLVBTC.BB) traded 9.9% higher against the dollar and now trades at $97,088.18 or 0.99426771 BTC.
• Lumi Credits (LUMI) traded 8.9% higher against the dollar and now trades at $0.0162 or 0.00000027 BTC.

About Magic Internet Money

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. Magic Internet Money’s official message board 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 presently possible to buy alternative cryptocurrencies such as Magic Internet Money directly using U.S. dollars. Investors seeking to trade Magic Internet Money should first buy Bitcoin or Ethereum using an exchange that deals in U.S. dollars such as Changelly, Gemini or GDAX. 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