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Magic Internet Money - USD (^MIMUSD)

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[[ rootItem.symbol ]]underlying price [[ rootItem.lastPrice ]] [[ rootItem.priceChange ]] ([[ rootItem.percentChange ]]) [[ rootItem.tradeTime ]]
Quote Overview for [[ item.sessionDateDisplayLong ]]
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[[ rowChartData.lowPriceFormatted ]]
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[[ rowChartData.labelHigh ]]
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since [[ rowChartData.lowDate ]]
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Price Performance

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Period Period Low Period High Performance
1-Month
0.70010 +0.13%
on 08/01/23
0.99790 -29.75%
on 08/01/23
-0.29680 (-29.75%)
since 07/14/23
3-Month
0.67000 +4.63%
on 06/12/23
0.99790 -29.75%
on 08/01/23
-0.01800 (-2.50%)
since 05/12/23
52-Week
0.12350 +467.61%
on 09/05/22
2.42510 -71.09%
on 11/21/22
-0.29600 (-29.69%)
since 08/12/22

Magic Internet Money Profile

Magic Internet Money

MIM is a USD soft-pegged stablecoin minted by the Abracadabra.money decentralized platform. Abracadabra uses interest-bearing tokens as collateral to mint MIM. Interest-bearing tokens able to be used as of February 2022 as collateral include liquidity provider (LP) tokens from Convex, Curve, Yearn, among others. The loan liquidation process on Abracadabra differs from other stablecoin/lending protocols like MakerDAO, in that each collateralized debt position (CDP) and its liquidation price is unique. Should the liquidation price for any specific CDP be crossed, a liquidator can purhcase the position by paying off the outstanding MIM.

Website Magic Internet Money
Twitter @MIM_Spell
Inception 03/13/14
Proof Type PoW
Token Type ERC-20
Available Supply 2,756,522,520
Total Supply 2,276,084,863

Barchart Technical Opinion

The Barchart Technical Opinion rating is a 40% Sell with a Weakening short term outlook on maintaining the current direction.

Long term indicators fully support a continuation of the trend.

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Key Turning Points

3rd Resistance Point 0.70100
2nd Resistance Point 0.70100
1st Resistance Point 0.70100
Last Price 0.70100
1st Support Level 0.70100
2nd Support Level 0.70100
3rd Support Level 0.70100

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52-Week High 2.42510
Fibonacci 61.8% 1.54589
Fibonacci 50% 1.27430
Fibonacci 38.2% 1.00271
Last Price 0.70100
52-Week Low 0.12350

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