MobileCoin (MOB) Reaches Self Reported Market Cap of $7.11 Million

MobileCoin (MOB) traded 5.4% lower against the US dollar during the one day period ending at 11:00 AM ET on June 18th. MobileCoin has a total market capitalization of $7.11 million and approximately $55,651.93 worth of MobileCoin was traded on exchanges in the last 24 hours. In the last seven days, MobileCoin has traded 1% higher against the US dollar. One MobileCoin coin can now be purchased for approximately $0.0957 or 0.00000148 BTC on popular exchanges.

About MobileCoin

MobileCoin is a SCP coin that uses the Blake2b hashing algorithm. It launched on September 29th, 2021. MobileCoin’s total supply is 250,000,000 coins and its circulating supply is 74,218,324 coins. MobileCoin’s official message board is medium.com/mobilecoin. MobileCoin’s official website is mobilecoin.foundation. MobileCoin’s official Twitter account is @mobilecoin and its Facebook page is accessible here. The Reddit community for MobileCoin is https://reddit.com/r/mobilecoin and the currency’s Github account can be viewed here.

According to CryptoCompare, “MobileCoin is a privacy-focused cryptocurrency designed for fast, secure transactions on mobile devices. It was founded in 2017 by Josh Goldbard and Shane Glynn and is based in San Francisco. The MobileCoin protocol was open-sourced in 2020 and the network went live in December of the same year. It can be used to send and receive funds through the MobileCoin network and was recently integrated into the Signal encrypted communications app. To use MobileCoin, you need a MobileCoin wallet and MOB token, which can be purchased on their website. The MobileCoin network uses the Stellar Consensus Protocol and has 250 million MOB tokens, with more than 50% available for purchase on their website.”

Buying and Selling MobileCoin

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

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