Multichain Self Reported Market Capitalization Achieves $4.53 Million (MULTI)

Multichain (MULTI) traded up 22.7% against the US dollar during the one day period ending at 7:00 AM E.T. on March 2nd. One Multichain token can currently be purchased for about $0.25 or 0.00000287 BTC on major cryptocurrency exchanges. Over the last week, Multichain has traded down 41.6% against the US dollar. Multichain has a market capitalization of $4.53 million and approximately $382,248.76 worth of Multichain was traded on exchanges in the last 24 hours.

Here is how other cryptocurrencies have performed over the last 24 hours:

• Taiko (TAIKO) traded 1.8% lower against the dollar and now trades at $0.95 or 0.00001110 BTC.
• Aidi Finance (BSC) (AIDI) traded down 2.2% against the dollar and now trades at $0.0000 or 0.00000000 BTC.
• Zoo Token (ZOOT) traded 2.2% lower against the dollar and now trades at $0.0652 or 0.00000239 BTC.
• CareCoin (CARES) traded 2.2% lower against the dollar and now trades at $0.0809 or 0.00000297 BTC.
• Hokkaidu Inu (HOKK) traded 1.2% higher against the dollar and now trades at $0.0004 or 0.00000001 BTC.
• Jeff in Space (JEFF) traded down 2.2% against the dollar and now trades at $2.75 or 0.00010076 BTC.
• SolvBTC (SOLVBTC) traded 1.5% higher against the dollar and now trades at $85,688.22 or 0.99900712 BTC.
• SolvBTC.BBN (SOLVBTC.BB) traded 1.6% higher against the dollar and now trades at $85,559.90 or 0.99751103 BTC.
• Lumi Credits (LUMI) traded 8.9% higher against the dollar and now trades at $0.0162 or 0.00000027 BTC.

Multichain Profile

Multichain launched on December 15th, 2021. Multichain’s total supply is 100,000,000 tokens and its circulating supply is 18,363,292 tokens. The official website for Multichain is multichain.org. Multichain’s official Twitter account is @multichainorg and its Facebook page is accessible here. Multichain’s official message board is multichainorg.medium.com.

According to CryptoCompare, “Multichain (MULTI) on Ethereum was a protocol for cross-chain interoperability, originally launched as Anyswap in July 2020. It facilitated secure asset transfers across blockchain networks through a Secure Multi-Party Computation (SMPC) network. With services including bridging, routing, cross-chain messaging, and NFT support, MULTI served as a governance token within the ecosystem. In 2023, the project faced critical disruptions: CEO Zhao Jun was reportedly arrested in China, leading to infrastructure issues, and a subsequent security exploit resulted in the unauthorised transfer of $126 million. The protocol was shut down in July 2023, leaving the Ethereum-based MULTI token as a historical asset without active functionality.”

Multichain Token Trading

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

MULTI/USD price chart by TradingView