Magic Internet Money Reaches Self Reported Market Cap of $104.07 Million (MIM)

Magic Internet Money (MIM) traded up 0.4% against the dollar during the 24-hour period ending at 10:00 AM Eastern on April 7th. One Magic Internet Money coin can now be bought for about $1.00 or 0.00001277 BTC on exchanges. During the last week, Magic Internet Money has traded up 0.7% against the dollar. Magic Internet Money has a market cap of $104.07 million and approximately $493,952.24 worth of Magic Internet Money was traded on exchanges in the last 24 hours.

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

• 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 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 4.5% lower against the dollar and now trades at $78,696.14 or 1.00275229 BTC.
• Lumi Credits (LUMI) traded 8.9% higher against the dollar and now trades at $0.0162 or 0.00000027 BTC.
• SolvBTC.BBN (SOLVBTC.BB) traded down 6.8% against the dollar and now trades at $76,493.72 or 0.97468882 BTC.
• AXIA Coin (AXC) traded down 0.1% 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 Twitter account is @mim_spell and its Facebook page is accessible here. Magic Internet Money’s official message board is abracadabramoney.medium.com. The official website for Magic Internet Money is abracadabra.money.

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 currently 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 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 purchase Magic Internet Money using one of the exchanges listed above.

MIM/USD price chart by TradingView