Magic Internet Money Reaches Self Reported Market Cap of $103.44 Million (MIM)

Magic Internet Money (MIM) traded 0.3% higher against the US dollar during the 24 hour period ending at 19:00 PM E.T. on April 29th. Magic Internet Money has a market cap of $103.44 million and approximately $168,139.59 worth of Magic Internet Money was traded on exchanges in the last 24 hours. One Magic Internet Money coin can currently be purchased for approximately $1.00 or 0.00001555 BTC on major exchanges. In the last seven days, Magic Internet Money has traded up 0.2% against the US dollar.

Here’s how other cryptocurrencies have performed in the last 24 hours:

• KILT Protocol (KILT) traded 0.8% lower against the dollar and now trades at $0.29 or 0.00000460 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 2.2% lower against the dollar and now trades at $0.0809 or 0.00000297 BTC.
• Kitty Inu (KITTY) traded 1.9% higher against the dollar and now trades at $95.84 or 0.00338062 BTC.
• Hokkaidu Inu (HOKK) traded 1.2% higher against the dollar and now trades at $0.0004 or 0.00000001 BTC.
• BitcoinBR (BTCBR) traded up 39,662,216.1% against the dollar and now trades at $0.0000 or 0.00000000 BTC.
• Lego Coin (LEGO) traded flat against the dollar and now trades at $0.0086 or 0.00000013 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 down 1.3% against the dollar and now trades at $0.0096 or 0.00000015 BTC.

Magic Internet Money 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. 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 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 GDAX, Changelly or Gemini. Investors can then use their newly-acquired Ethereum or Bitcoin to buy Magic Internet Money using one of the aforementioned exchanges.

MIM/USD price chart by TradingView