Magic Internet Money (MIM) Price Down 0.2% This Week

Magic Internet Money (MIM) traded down 0.5% against the U.S. dollar during the 24-hour period ending at 12:00 PM Eastern on May 23rd. One Magic Internet Money coin can now be purchased for $0.98 or 0.00001448 BTC on popular exchanges. During the last seven days, Magic Internet Money has traded down 0.2% against the U.S. dollar. Magic Internet Money has a market cap of $102.20 million and $177,095.61 worth of Magic Internet Money was traded on exchanges in the last 24 hours.

Here is how similar cryptocurrencies have performed during the last 24 hours:

• KILT Protocol (KILT) traded down 10.4% against the dollar and now trades at $0.27 or 0.00000399 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 up 1.2% against the dollar and now trades at $0.0004 or 0.00000001 BTC.
• Lego Coin (LEGO) traded flat against the dollar and now trades at $0.0086 or 0.00000013 BTC.
• Jeff in Space (JEFF) traded down 2.2% against the dollar and now trades at $2.75 or 0.00010076 BTC.
• Lumi Credits (LUMI) traded 4.4% lower against the dollar and now trades at $0.0100 or 0.00000015 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 was first traded on 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.”

Magic Internet Money Coin Trading

It is usually not currently possible to buy alternative cryptocurrencies such as Magic Internet Money directly using US dollars. Investors seeking to acquire Magic Internet Money should first buy Ethereum or Bitcoin using an exchange that deals in US dollars such as Changelly, GDAX 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