Multichain (MULTI) Trading 80.3% Lower This Week

Multichain (MULTI) traded down 37% against the dollar during the one day period ending at 7:00 AM Eastern on February 22nd. One Multichain token can now be bought for about $0.18 or 0.00000182 BTC on exchanges. Multichain has a market cap of $3.22 million and approximately $206,191.95 worth of Multichain was traded on exchanges in the last day. In the last seven days, Multichain has traded down 80.3% against the dollar.

Here’s how similar cryptocurrencies have performed in the last day:

• Taiko (TAIKO) traded down 3.5% against the dollar and now trades at $1.04 or 0.00001072 BTC.
• 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 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.
• 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 2.1% against the dollar and now trades at $96,335.61 or 0.99678512 BTC.
• SolvBTC.BBN (SOLVBTC.BB) traded down 2.2% against the dollar and now trades at $95,821.50 or 0.99146562 BTC.
• Lumi Credits (LUMI) traded up 8.9% against the dollar and now trades at $0.0162 or 0.00000027 BTC.

Multichain Token Profile

Multichain’s genesis date was December 15th, 2021. Multichain’s total supply is 100,000,000 tokens and its circulating supply is 18,363,292 tokens. Multichain’s official Twitter account is @multichainorg and its Facebook page is accessible here. Multichain’s official website is multichain.org. The official message board for Multichain is multichainorg.medium.com.

According to CryptoCompare, “Multichain (MULTI) on Ethereum was a protocol for cross-chain interoperability, originally launched as Anyswap in July 2020. It facilitated secure asset transfers across blockchain networks through a Secure Multi-Party Computation (SMPC) network. With services including bridging, routing, cross-chain messaging, and NFT support, MULTI served as a governance token within the ecosystem. In 2023, the project faced critical disruptions: CEO Zhao Jun was reportedly arrested in China, leading to infrastructure issues, and a subsequent security exploit resulted in the unauthorised transfer of $126 million. The protocol was shut down in July 2023, leaving the Ethereum-based MULTI token as a historical asset without active functionality.”

Buying and Selling Multichain

It is usually not presently possible to buy alternative cryptocurrencies such as Multichain directly using U.S. dollars. Investors seeking to trade Multichain should first buy Ethereum or Bitcoin using an exchange that deals in U.S. dollars such as GDAX, Changelly or Gemini. Investors can then use their newly-acquired Ethereum or Bitcoin to buy Multichain using one of the aforementioned exchanges.

MULTI/USD price chart by TradingView