Magic Internet Money (MIM) Self Reported Market Cap Achieves $103.45 Million

Magic Internet Money (MIM) traded 0.1% higher against the U.S. dollar during the 1 day period ending at 16:00 PM E.T. on November 1st. In the last week, Magic Internet Money has traded 0.2% lower against the U.S. dollar. One Magic Internet Money coin can currently be bought for approximately $1.00 or 0.00001440 BTC on cryptocurrency exchanges. Magic Internet Money has a market cap of $103.45 million and approximately $99,296.97 worth of Magic Internet Money was traded on exchanges in the last day.

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

• 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.
• 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 2.2% lower against the dollar and now trades at $2.75 or 0.00010076 BTC.
• Lumi Credits (LUMI) traded 8.9% higher against the dollar and now trades at $0.0162 or 0.00000027 BTC.
• SolvBTC (SOLVBTC) traded down 1.5% against the dollar and now trades at $69,245.71 or 1.00066593 BTC.
• SolvBTC.BBN (SOLVBTC.BB) traded 1.5% lower against the dollar and now trades at $69,235.91 or 1.00052429 BTC.
• AXIA Coin (AXC) traded down 0.1% against the dollar and now trades at $13.43 or 0.00048094 BTC.

Magic Internet Money Coin Profile

Magic Internet Money’s launch 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. The official message board for Magic Internet Money 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 presently possible to buy alternative cryptocurrencies such as Magic Internet Money directly using US dollars. Investors seeking to acquire Magic Internet Money should first buy Bitcoin or Ethereum using an exchange that deals in US dollars such as Coinbase, Changelly or GDAX. Investors can then use their newly-acquired Bitcoin or Ethereum to buy Magic Internet Money using one of the aforementioned exchanges.

MIM/USD price chart by TradingView