Magic Internet Money (MIM) price, chart, coin profile and news

Find the latest Magic Internet Money (MIM) price, coin profile, news and history to get you started with Magic Internet Money trading and investing.

We’re reader-supported and may be paid when you visit links to partner sites. We don’t compare all products in the market, but we’re working on it!

What is Magic Internet Money?

Magic Internet Money (MIM) is a stablecoin offering that is soft-pegged to the US Dollar and is issued by Abracadabra, a DeFi lending platform that enables its users to transform interest-bearing cryptocurrencies into stablecoins. In this regard, tokens that can be deployed as collateral to mint MIM include liquidity provider (LP) coins issued by prominent DeFi platforms such as Convex, Curve, Yearn, etc. As per the project’s official whitepaperwhitepaper loan liquidations facilitated via Abracadabra vary quite significantly in comparison to other protocols such as MakerDAO, in the sense that each collateralized debt position (CDP) on the platform is completely independent with its very own liquidation price. To elaborate, whenever the liquidation price of an individual CDP is met, liquidators have the option of acquiring the position by paying off any outstanding MIMs.

Magic Internet Money (MIM) is the 40th largest cryptocurrency in the world by market cap, valued at $1,864,781,840. The current price of Magic Internet Money is $1.42373231, which is -0.099% lower than yesterday. Prices have ranged between $1.43572 and $1.41801517 over the past 24 hours. All prices are listed in Australian dollars (unless otherwise noted) and accurate as of May 16, 2022 11:05 UTC.

Disclaimer: This is not an endorsement of cryptocurrency or any specific provider, service or offering. It is not a recommendation to trade.

Magic Internet Money (MIM) price

Use our graph to track the performance of (MIM) over time.

Magic Internet Money at a glance

Information last updated May 16, 2022 11:05 UTC.
Coin symbol MIM
Coin Marketcap AUD$1,864,781,840
Total MIM supply 1,870,214,943
Circulating MIM 1,870,214,943
Current price AUD$1.42373231
All time high AUD$2.1307
All time high date October 06, 2021

Magic Internet Money price performance over time

Historical prices compared with the price of $1.42373231.

1 hour 0.15%
24 hours -0.10%
7 days -0.34%
14 days -0.11%
30 days -0.50%
60 days -0.20%
200 days -0.46%
1 year N/A

Disclaimer: Cryptocurrencies, including Magic Internet Money, are speculative, complex and involve significant risks – they are highly volatile and sensitive to secondary activity. Performance is unpredictable and past performance of MIM is no guarantee of future performance. Consider your own circumstances, and obtain your own advice, before relying on this information. You should also verify the nature of any product or service (including its legal status and relevant regulatory requirements) and consult the relevant Regulators' websites before making any decision. Finder, or the author, may have holdings in the Magic Internet Money or any other cryptocurrency discussed.

More guides on Finder

Get into cryptocurrency

Ask an Expert

You are about to post a question on finder.com.au:

  • Do not enter personal information (eg. surname, phone number, bank details) as your question will be made public
  • finder.com.au is a financial comparison and information service, not a bank or product provider
  • We cannot provide you with personal advice or recommendations
  • Your answer might already be waiting – check previous questions below to see if yours has already been asked

Finder only provides general advice and factual information, so consider your own circumstances, or seek advice before you decide to act on our content. By submitting a question, you're accepting our Terms of Use, Disclaimer & Privacy Policy and Privacy & Cookies Policy.
Go to site