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    $0.306253 $ 0.306253
    +¥5204,24 7.5% 1D
    1D 1M 1Y ALL
    Updated:
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    Market Cap (USD)
    63.29M
    24H Volume
    1.64M
    Circulating Supply
    205.38M MAGIC
    Max Supply
    347.71M MAGIC
    All Time High
    6.32
    Rank
    325

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    Magic FAQs

    • 1. What determines the price of Magic?
      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.

      HODLers 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.
    • 2. What is the highest price of Magic in history?
      Magic achieved the all-time high of $6.32 in 2022-02-19, and is currently trading at $0.31.
    • 3. What is the lowest price of Magic in history?
      In 2021-10-07, Magic reached the all-time low of $0.020.
    • 4. Should I buy Magic now?
      It is important to remember that Magic, like all other cryptocurrencies, are subject to extreme market conditions, legal policies, project team management and other unpredictable factors. As such, cryptocurrencies fluctuate greatly and it is important to manage your own risk level. Users are advised to do your own research when making investment decisions in the crypto market.

    Magic News

    News
    Announcements
    Magic Eden Eyes Gaming, Brand NFTs With Planned Polygon Support

    Magic Eden Eyes Gaming, Brand NFTs With Planned Polygon Support

    After expanding to Ethereum, the top Solana marketplace will add Polygon NFTs, citing the sidechain's Web2 partners and gaming potential.
    Source: decrypt Posted: 2022-11-22
    NFT Marketplace Magic Eden Expands Support for Polygon-Based NFTs

    NFT Marketplace Magic Eden Expands Support for Polygon-Based NFTs

    The leading Solana NFT platform will welcome a new community of Web3 gaming developers and publishers on the Polygon network.
    Source: coindesk Posted: 2022-11-22
    Magic Eden CEO: Royalties-Enforcing NFTs Could Be 'New Asset Class'

    Magic Eden CEO: Royalties-Enforcing NFTs Could Be 'New Asset Class'

    The Solana-centric marketplace is pushing for NFTs with “special properties” to enforce creator royalties—but warns that they will have “trade-offs.”
    Source: decrypt Posted: 2022-11-07
    Why Magic Eden Is Betting on NFTs Disrupting the Gaming Industry

    Why Magic Eden Is Betting on NFTs Disrupting the Gaming Industry

    On Decrypt’s gm podcast, Magic Eden CEO Jack Lu discussed the “paradigm shift” he sees ahead as gaming NFTs take hold.
    Source: decrypt Posted: 2022-09-29
    Gate.io Labs Invests in Magic Square, World’s First Crypto App Store

    Gate.io Labs Invests in Magic Square, World’s First Crypto App Store

    Magic Square announced today that Gate.io Labs has made a strategic investment in the project, marking Gate.io's ongoing efforts to support promising blockchain projects globally. With this investment, Magic Square will further bolster its digital presence across continents and build an authentic co...
    Source: Gate.blog Posted: 2022-09-26
    Magic Eden Wants to Build an ApeCoin NFT Marketplace Just for Bored Apes—Here’s Why

    Magic Eden Wants to Build an ApeCoin NFT Marketplace Just for Bored Apes—Here’s Why

    As the top Solana NFT marketplace pushes into Ethereum, it wants to build a trading platform for Bored Apes—with benefits for holders.
    Source: decrypt Posted: 2022-08-09
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