MobileCoin (MOB) Self Reported Market Capitalization Achieves $125.20 Million

MobileCoin (MOB) traded up 13.6% against the U.S. dollar during the twenty-four hour period ending at 17:00 PM Eastern on March 18th. One MobileCoin coin can currently be bought for $1.69 or 0.00006153 BTC on cryptocurrency exchanges. Over the last seven days, MobileCoin has traded 33.1% higher against the U.S. dollar. MobileCoin has a total market cap of $125.20 million and $10.48 million worth of MobileCoin was traded on exchanges in the last 24 hours.

MobileCoin Profile

MobileCoin is a SCP coin that uses the Blake2b hashing algorithm. It launched on September 29th, 2021. MobileCoin’s total supply is 250,000,000 coins and its circulating supply is 74,218,324 coins. The Reddit community for MobileCoin is https://reddit.com/r/mobilecoin and the currency’s Github account can be viewed here. MobileCoin’s official Twitter account is @mobilecoin and its Facebook page is accessible here. The official message board for MobileCoin is medium.com/mobilecoin. The official website for MobileCoin is mobilecoin.foundation.

According to CryptoCompare, “The MobileCoin Protocol is a set of rules that define a decentralized cryptocurrency. Anyone is free to review the open soure code that implements the protocol, to verify that it is correct or to propose improvements. The MobileCoin Foundation will oversee development of the MobileCoin software in GitHub.The amount of energy required to operate the MobileCoin network is held low by avoiding Proof of work in favour of Federated Byzantine Agreement via the Stellar Consensus Protocol.The Stellar Consensus Protocol was first described in a whitepaper by David Mazières in 2015. It is a “federated Byzantine agreement system” that allows decentralized, leaderless computing networks efficiently to reach a consensus outcome on some decision.”

Buying and Selling MobileCoin

It is usually not presently possible to buy alternative cryptocurrencies such as MobileCoin directly using U.S. dollars. Investors seeking to trade MobileCoin should first buy Bitcoin or Ethereum using an exchange that deals in U.S. dollars such as Coinbase, Changelly or GDAX. Investors can then use their newly-acquired Bitcoin or Ethereum to buy MobileCoin using one of the aforementioned exchanges.

MOB/USD price chart by TradingView