Magic Internet Money Reaches Self Reported Market Capitalization of $102.79 Million (MIM)

Magic Internet Money (MIM) traded 0.1% higher against the dollar during the twenty-four hour period ending at 17:00 PM Eastern on March 27th. During the last week, Magic Internet Money has traded 0.4% higher against the dollar. Magic Internet Money has a total market capitalization of $102.79 million and $198,889.42 worth of Magic Internet Money was traded on exchanges in the last day. One Magic Internet Money coin can now be purchased for $0.99 or 0.00001438 BTC on major exchanges.

Here is how related cryptocurrencies have performed during the last day:

• KILT Protocol (KILT) traded down 2% against the dollar and now trades at $0.45 or 0.00000658 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 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.
• Kitty Inu (KITTY) traded up 1.9% against the dollar and now trades at $95.84 or 0.00338062 BTC.
• Hokkaidu Inu (HOKK) traded up 1.2% against the dollar and now trades at $0.0004 or 0.00000001 BTC.
• Lego Coin (LEGO) traded flat against the dollar and now trades at $0.0086 or 0.00000013 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 0.6% lower against the dollar and now trades at $0.0092 or 0.00000013 BTC.
• AXIA Coin (AXC) traded down 0.1% against the dollar and now trades at $13.43 or 0.00048094 BTC.

About Magic Internet Money

Magic Internet Money was first traded on 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 currently 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 Ethereum or Bitcoin using an exchange that deals in U.S. dollars such as Gemini, Changelly or Coinbase. Investors can then use their newly-acquired Ethereum or Bitcoin to buy Magic Internet Money using one of the exchanges listed above.

MIM/USD price chart by TradingView