Magic Internet Money Reaches 24 Hour Volume of $42,437.11 (MIM)

Magic Internet Money (MIM) traded up 0.1% against the U.S. dollar during the 24-hour period ending at 10:00 AM Eastern on October 27th. During the last week, Magic Internet Money has traded 0.4% lower against the U.S. dollar. Magic Internet Money has a total market cap of $103.67 million and $42,437.11 worth of Magic Internet Money was traded on exchanges in the last day. One Magic Internet Money coin can currently be bought for approximately $1.00 or 0.00001477 BTC on cryptocurrency exchanges.

Here’s how related cryptocurrencies have performed during 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 2.2% lower 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 up 1.2% 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.
• Lumi Credits (LUMI) traded 8.9% higher against the dollar and now trades at $0.0162 or 0.00000027 BTC.
• SolvBTC (SOLVBTC) traded 0.6% higher against the dollar and now trades at $67,456.25 or 0.99799537 BTC.
• SolvBTC.BBN (SOLVBTC.BB) traded 0.8% higher against the dollar and now trades at $67,409.67 or 0.99730617 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 message board for Magic Internet Money is abracadabramoney.medium.com. The official website for Magic Internet Money is abracadabra.money. 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 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 Gemini, Changelly or GDAX. 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