Magic Internet Money (MIM) Self Reported Market Capitalization Hits $103.62 Million

Magic Internet Money (MIM) traded 0.1% lower against the dollar during the 24 hour period ending at 9:00 AM E.T. on December 20th. One Magic Internet Money coin can now be bought for about $1.00 or 0.00001050 BTC on major cryptocurrency exchanges. Magic Internet Money has a market cap of $103.62 million and approximately $913,151.74 worth of Magic Internet Money was traded on exchanges in the last 24 hours. In the last week, Magic Internet Money has traded down 0.2% against the dollar.

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

• 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.
• 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.
• SolvBTC (SOLVBTC) traded down 6.8% against the dollar and now trades at $95,058.25 or 1.00047174 BTC.
• SolvBTC.BBN (SOLVBTC.BB) traded down 6.9% against the dollar and now trades at $94,454.99 or 0.99412249 BTC.
• Lumi Credits (LUMI) traded up 8.9% against the dollar and now trades at $0.0162 or 0.00000027 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 website is abracadabra.money. Magic Internet Money’s official Twitter account is @mim_spell and its Facebook page is accessible here. The official message board for Magic Internet Money 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.”

Magic Internet Money Coin Trading

It is usually not presently possible to purchase alternative cryptocurrencies such as Magic Internet Money directly using US dollars. Investors seeking to acquire Magic Internet Money should first purchase Ethereum or Bitcoin using an exchange that deals in US dollars such as Coinbase, Changelly or GDAX. Investors can then use their newly-acquired Ethereum or Bitcoin to purchase Magic Internet Money using one of the exchanges listed above.

MIM/USD price chart by TradingView