Magic Internet Money (MIM) Price Tops $1.00 on Major Exchanges

Magic Internet Money (MIM) traded down 0.1% against the U.S. dollar during the one day period ending at 9:00 AM E.T. on November 18th. Magic Internet Money has a total market cap of $103.85 million and approximately $235,856.30 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 0.00001111 BTC on cryptocurrency exchanges. Over the last week, Magic Internet Money has traded down 0.2% against the U.S. dollar.

Here’s how related cryptocurrencies have performed over the last 24 hours:

• Aidi Finance (BSC) (AIDI) traded down 2.2% 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 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 down 2.2% against the dollar and now trades at $2.75 or 0.00010076 BTC.
• SolvBTC (SOLVBTC) traded down 0.8% against the dollar and now trades at $90,014.29 or 1.00018003 BTC.
• SolvBTC.BBN (SOLVBTC.BB) traded 0.9% lower against the dollar and now trades at $89,816.32 or 0.99798028 BTC.
• Lumi Credits (LUMI) traded 8.9% higher against the dollar and now trades at $0.0162 or 0.00000027 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. 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. Magic Internet Money’s official website is abracadabra.money.

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 U.S. dollars. Investors seeking to acquire Magic Internet Money should first buy Ethereum or Bitcoin using an exchange that deals in U.S. dollars such as Gemini, GDAX or Changelly. 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