What determines the price movement of Magic (MAGIC)?

There are two schools of thought when it comes to determining the price of a cryptocurrency like Magic. By way of intrinsic value: Intrinsic value is typically assessed through on-chain metrics, project metrics, and financial metrics of Magic, collectively known as <0>fundamental analysis. Factors such as the law of supply and demand, tokenomics, use case, project roadmap, and the regulatory and governance environment will influence the long-term value of Magic. By way of price action: <0>technical analysis , using candlestick chart patterns and indicators like MACD, RSI, and Bollinger Bands, forecasts the price of Magic on the basis that history tends to repeat itself. Since candlestick charts reflect market sentiment, news announcements and community sentiment can also significantly influence the price action of Magic. Long-term investors usually favor fundamental analysis, while short-term traders often depend on technical analysis. In practice, combining both approaches can yield intriguing scenarios for Magic and the broader cryptocurrency market.

What is the highest price of Magic price in history?

Magic achieved the all-time high of 6.32 in 2022-02-19, and is currently trading at 0.2028.

What is the lowest price of Magic price in history?

Magic reached its all-time low of 0.01999252 on 2021-10-07.

What is the current market cap of Magic?

The current market cap of Magic is 63919642.76518171, as 315185615.2129276 MAGIC is trading at the price of 0.2028.

How many Magic are there in the market?

There are currently 315185615.2129276 MAGIC circulating in the market. These Magic can be actively traded or used in the open market.

What is the maximum supply of Magic?

The maximum supply of MAGIC is 347714007 , which includes its circulating supply, locked or staked supply, and the supply that has yet to be mined, minted, or created.

What is the fully diluted market cap (or FDV) of Magic?

At the moment, the fully diluted market cap, also called the fully diluted value (FDV) of Magic is 70516400.61960. The FDV is calculated taking the assumption that all supply of Magic is circulation, multiplied by its current price of 0.2028.

What is the price prediction of Magic ?

Using an algorithm to automatically identify historical data trends, this <0>Magic price prediction adjusts its forecast from time to time based on current market conditions. With advanced machine learning, this prediction tool can help investors gauge market probabilities before making investment decisions.

Is Magic a good investment?

Magic offers a good potential ROI due to its inherent volatility, which presents numerous profit opportunities. However, this volatility is a double-edged sword, making it suitable for investors with high risk tolerance and a strong financial position. It is crucial to remember that Magic and the broader crypto market are subject to extreme market conditions, regulatory changes, social media influence, and other unpredictable factors. Therefore, it is advisable to exercise risk management and <0>do your own research (DYOR) before investing in Magic.

You can buy Magic via Gate by following the steps on <0>how to buy MAGIC once you have funded your account.

Magic Price

MAGIC

Rank 623

Magic (MAGIC) Price Live Chart

Magic (MAGIC) Price Today

Magic (MAGIC) price today is $0.2028, with a 24-hour trading volume of $78.55K and as such Magic (MAGIC) has a market cap of $63.91M, giving it a market dominance of 0.0016%. The Magic (MAGIC) price moved -4.20% in the last 24 hours.

MAGIC Price Data

24h Turnover$78.55K
All-Time High(ATH)$6.32
24h High$0.2129
All-Time Low(ATL)$0.01999
24h Low$0.1994

MAGIC Market Cap Infos

Market Cap$63.91M
Fully Diluted Valuation$70.51M
Market Cap/FDV90.65%
Market SentimentNeutral

MAGIC Supply

Circulating Supply315.18M MAGIC
Total Supply347.68M MAGIC
Max Supply347.71M MAGIC

*Data is for reference only

Magic (MAGIC) Price Prediction

Magic(MAGIC) is predicted to average $0.2024 in 2025, with a potential swing between the lowest price $0.1133 and the highest price $0.2509. By 2030, Magic(MAGIC) price could reach to $0.3743, offering a potential +64.00% return from today’s Magic price.

Year	Minimum Price	Highest Price	Average Price	Change
2025	$0.1133	$0.2509	$0.2024	--
2026	$0.2062	$0.2334	$0.2266	+11.00%
2027	$0.2162	$0.2646	$0.23	+13.00%
2028	$0.1929	$0.324	$0.2473	+21.00%
2029	$0.2085	$0.3828	$0.2856	+40.00%
2030	$0.3242	$0.3743	$0.3342	+64.00%

Magic(MAGIC) Price History

Magic(MAGIC) price has moved -4.20% in the last 24 hours, and -7.73% in the past 7 days. The price of Magic(MAGIC) is -14.23% in the past 30 days, and -44.60% over the last year.