MAP Protocol Trading 25.1% Lower This Week (MAP)

MAP Protocol (MAP) traded down 0.1% against the U.S. dollar during the twenty-four hour period ending at 20:00 PM E.T. on April 16th. MAP Protocol has a market capitalization of $176.95 million and approximately $2.82 million worth of MAP Protocol was traded on exchanges in the last day. One MAP Protocol token can currently be bought for $0.0233 or 0.00000037 BTC on popular exchanges. In the last week, MAP Protocol has traded 25.1% lower against the U.S. dollar.

Here is how similar cryptocurrencies have performed in the last day:

• KILT Protocol (KILT) traded down 5.7% against the dollar and now trades at $0.33 or 0.00000523 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 down 2.2% 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.
• Kitty Inu (KITTY) traded up 1.9% against the dollar and now trades at $95.84 or 0.00338062 BTC.
• Hokkaidu Inu (HOKK) traded up 1.2% against the dollar and now trades at $0.0004 or 0.00000001 BTC.
• Lego Coin (LEGO) traded flat against the dollar and now trades at $0.0086 or 0.00000013 BTC.
• Jeff in Space (JEFF) traded down 2.2% against the dollar and now trades at $2.75 or 0.00010076 BTC.
• Lumi Credits (LUMI) traded 0.9% higher against the dollar and now trades at $0.0087 or 0.00000014 BTC.
• AXIA Coin (AXC) traded down 0.1% against the dollar and now trades at $13.43 or 0.00048094 BTC.

MAP Protocol Token Profile

MAP Protocol’s genesis date was November 8th, 2019. MAP Protocol’s total supply is 9,697,223,991 tokens and its circulating supply is 7,607,635,128 tokens. The Reddit community for MAP Protocol is https://reddit.com/r/MarcoPoloProtocol and the currency’s Github account can be viewed here. The official website for MAP Protocol is www.mapprotocol.io. The official message board for MAP Protocol is medium.com/@mapprotocolofficial. MAP Protocol’s official Twitter account is @mapprotocol and its Facebook page is accessible here.

According to CryptoCompare, “MAP Protocol, a Bitcoin layer-2 and peer-to-peer omnichain network, specializes in cross-chain interoperability. It enables interoperability of blockchain assets, storage, and computing, spanning both EVM and non-EVM chains. Utilizing a decentralized approach, it relies on code and light clients for cross-chain communication, not single entities. MAP, the native cryptocurrency, is used for network fees and incentivizing block producers. The protocol aims to ensure secure, decentralized blockchain communication and transactions. Cross-chain requests are managed by off-chain roles and verified by light clients. Its integration with the Bitcoin network enhances security, recording data and the Proof of Stake consensus of the MAP Relay Chain in Bitcoin blocks. Co-founded by James Cheng, the team includes experts in blockchain research, smart contract development, and foundational blockchain engineering.”

Buying and Selling MAP Protocol

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

MAP/USD price chart by TradingView