$0.8909
Time period | Change amount | % Change |
---|---|---|
1H | $+0.02000 | +2.35% |
24H | $-0.01000 | -1.22% |
7D | $+0.1600 | +22.21% |
30D | $-0.2100 | -19.41% |
1Y | $-0.2800 | -24.13% |
77.74
Reliability Score
Rank #1
# 935
Percentile
TOP 5%
Magic price today is $0.8909 with a 24-hour trading volume of $28.55 M, and as such Magic has a market cap of $233.87 M, giving it a market dominance of 0.011%. The Magic price moved -1.22% in the last 24 hours.
Magic reached its highest price on 2022-02-19 when it was trading at its all-time high of $6.32, while its lowest price was recorded on 2021-10-07 when it was trading at its all-time low of $0.01999. The current lowest price since the last cycle high was $0.01999, and the highest price since the last cycle low was $6.32. The social sentiment of Magic is currently Positive.
The current circulating supply of Magic is $262.51 M MAGIC. In terms of market cap, Magic is currently ranked 329.
There are two schools of thought in determining the price of Magic.
By way of intrinsic value: This typically involves on-chain metrics, project metrics and financial metrics of Magic, collectively known as fundamental analysis. The law of supply and demand, tokenomics, use case, project roadmap as well as regulations and governance involved would affect the value of Magic from a long term perspective.
By way of price action: Primarily analyzed via candlestick chart patterns and technical indicators such as MACD, RSI and the bollinger bands, technical analysis forecasts the price of Magic on the basis that history tends to repeat itself. As the candlestick charts are a general representation of the emotion of the market, news announcements and community sentiment can be significant price action drivers for Magic as well.
Investors tend to prefer the long term nature of fundamental analysis, whereas short term traders tend to rely on technical analysis more. In reality, both analyses may combine and create interesting scenarios for Magic and the cryptocurrency market as a whole.
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Just three days after Bitcoin's Runes protocol launched, Magic Eden has rolled out support for the tokens. Here's what to expect.
The upcoming Runes fungible token standard will “supercharge the Bitcoin ecosystem,” a Magic Eden co-founder told Decrypt.
The “NFT” token drop will benefit Magic Eden’s Bitcoin Ordinals traders, along with those on Solana and Ethereum.
Magic Square's Ecosystem Grant Program consists of 120 million SQR, equivalent to 12% of the token's total supply.
The partnership will enable Magic Eden users to “flex the lore and legacy” of their avatars and digital assets through Other Page.
Magic Eden's Diamonds program rewards Solana NFT traders back to 2021, plus there's a token airdrop coming in parallel. Here's how to make the most of it all.
Date | Market Cap | Volume | Open | Close |
---|---|---|---|---|
2024-04-23 | $231.35 M | 4902.89 MAGIC | $0.8813 | N/A |
2024-04-22 | $224.52 M | 6437.57 MAGIC | $0.8553 | $0.8813 |
2024-04-21 | $220.72 M | 13052.78 MAGIC | $0.8408 | $0.8553 |
2024-04-20 | $202.66 M | 68129.48 MAGIC | $0.7720 | $0.8408 |
2024-04-19 | $200.35 M | 43947.3 MAGIC | $0.7632 | $0.7720 |
2024-04-18 | $198.48 M | 77994.48 MAGIC | $0.7561 | $0.7632 |
2024-04-17 | $197.3 M | 55865.79 MAGIC | $0.7516 | $0.7561 |
2024-04-16 | $191.5 M | 259116.7 MAGIC | $0.7295 | $0.7516 |