Miami and New York City coins tank despite Mayoral endorsements

Cointelegraph

Published May 17, 2022 12:07AM ET

Updated May 17, 2022 01:40AM ET

Despite being publicly endorsed by the respective mayors of both cities, MiamiCoin (MIA) and NewYorkCityCoin (NYC) have plunged 90% and 80% since their all-time highs.

According to data from CoinGecko, the price of MIA has dropped 92% since its ATH of $0.055 on Sept. 20 to sit at $0.004 at the time of writing. While NYC’s value has fallen by 80% since its March 3 high of $0.006 to trade at $0.0014.

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