MobileCoin Price Tops $1.63 on Exchanges (MOB)

MobileCoin (MOB) traded down 4.4% against the dollar during the twenty-four hour period ending at 9:00 AM E.T. on March 19th. During the last week, MobileCoin has traded up 27.8% against the dollar. One MobileCoin coin can now be bought for about $1.63 or 0.00005983 BTC on major cryptocurrency exchanges. MobileCoin has a market cap of $121.25 million and approximately $3.26 million worth of MobileCoin was traded on exchanges in the last day.

MobileCoin Profile

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

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.”

MobileCoin Coin Trading

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

MOB/USD price chart by TradingView