MobileCoin Achieves Self Reported Market Capitalization of $123.31 Million (MOB)

MobileCoin (MOB) traded 4.1% lower against the U.S. dollar during the twenty-four hour period ending at 22:00 PM Eastern on March 18th. One MobileCoin coin can now be bought for approximately $1.66 or 0.00006117 BTC on major cryptocurrency exchanges. MobileCoin has a total market capitalization of $123.31 million and approximately $7.41 million worth of MobileCoin was traded on exchanges in the last 24 hours. In the last seven days, MobileCoin has traded 30.5% higher against the U.S. dollar.

MobileCoin Profile

MobileCoin (CRYPTO:MOB) is a SCP coin that uses the Blake2b hashing algorithm. Its genesis 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. The official website for MobileCoin is mobilecoin.foundation. The Reddit community for MobileCoin is https://reddit.com/r/mobilecoin and the currency’s Github account can be viewed here. The official message board for MobileCoin 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 presently 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 Coinbase, GDAX or Changelly. Investors can then use their newly-acquired Bitcoin or Ethereum to purchase MobileCoin using one of the aforementioned exchanges.

MOB/USD price chart by TradingView