Magic PriceMAGIC

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 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: 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.

Magic achieved the all-time high of $5.75 in 2022-12-12, and is currently trading at $0.0694.

MAGIC reached its all-time low of $0.2786 on 2024-08-05.

The current market cap of Magic is $22.05M, as 317.75M MAGIC is trading at the price of $0.0694.

There are currently 317.75M MAGIC circulating in the market. These Magic can be actively traded or used in the open market.

The maximum supply of MAGIC is 347.71M , which includes its circulating supply, locked or staked supply, and the supply that has yet to be mined, minted, or created.

At the moment, the fully diluted market cap, also called the fully diluted value (FDV) of Magic is $24.13M. The FDV is calculated taking the assumption that all supply of Magic is circulation, multiplied by its current price of $0.0694.

Magic, with its high volatility, offers multiple profit opportunities and can potentially deliver attractive investment returns. However, this volatility is a double-edged sword, suitable only for investors with a high risk tolerance and strong financial standing. It is important to remember that Magic and the broader cryptocurrency market are subject to extreme market conditions, regulatory changes, social media influence, and other unforeseen factors. Therefore, before investing in Magic, it is recommended to implement an effective risk management strategy and conduct your own research (DYOR).

After depositing money into your account, you can review the How to Buy MAGIC content to purchase Magic on Gate TR.