Magic Internet Money (MIM) Reaches 24 Hour Volume of $246,473.93

Magic Internet Money (MIM) traded 0.1% lower against the US dollar during the twenty-four hour period ending at 10:00 AM E.T. on March 10th. In the last seven days, Magic Internet Money has traded down 0.2% against the US dollar. One Magic Internet Money coin can currently be bought for $1.00 or 0.00001250 BTC on popular cryptocurrency exchanges. Magic Internet Money has a market capitalization of $103.56 million and approximately $246,473.93 worth of Magic Internet Money was traded on exchanges in the last 24 hours.

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

• Taiko (TAIKO) traded 3.3% lower against the dollar and now trades at $0.75 or 0.00000934 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 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 down 2.2% against the dollar and now trades at $2.75 or 0.00010076 BTC.
• SolvBTC.BBN (SOLVBTC.BB) traded 3.5% lower against the dollar and now trades at $81,672.13 or 1.02331974 BTC.
• SolvBTC (SOLVBTC) traded 3.6% lower against the dollar and now trades at $80,560.47 or 1.00939100 BTC.
• Lumi Credits (LUMI) traded up 8.9% against the dollar and now trades at $0.0162 or 0.00000027 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. 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 purchase alternative cryptocurrencies such as Magic Internet Money directly using U.S. dollars. Investors seeking to trade Magic Internet Money should first purchase Bitcoin or Ethereum using an exchange that deals in U.S. dollars such as GDAX, Gemini or Coinbase. Investors can then use their newly-acquired Bitcoin or Ethereum to purchase Magic Internet Money using one of the aforementioned exchanges.

MIM/USD price chart by TradingView