MAGIC Price Analysis February 2023

Share IT

MAGIC is a token of platform Treasure. Its current price is around $1.94 at the time of writing, with a low of $0.2133, and it has a market cap of 403 million dollars.

What is Treasure (MAGIC)?

MAGIC is the coin of the Treasure platform, which is around $1.94 at the time of writing, with a low of $0.2133. It reached a high of $6.32, and its current ranking is #98, according to CoinMarketCap, with a market cap of 403 million dollars.

Treasure, also known as MAGIC, is an NFT ecosystem that works with the Arbitrum protocol to host virtual worlds. This platform contains a range of games that use MAGIC as their primary in-game currency for buying & selling items. Treasure is an interactive gaming platform that utilizes blockchain technology to connect gamers and promote gaming. It creates a unique user experience by introducing MAGIC, a game-centric digital asset built on the Ethereum blockchain.

MAGIC Coin Market Analysis 

MAGIC has a total supply of 339,645,510 coins worth around $1.94 with a market volume of 273 million dollars, whereas the market capitalization is 403 million dollars at writing. In addition, magic has recently experienced 70% green days out of a 30-day period, which indicates that it is a viable option to invest in. Over the past year, however, its price has decreased by nearly 60%. Therefore, analyzing historical data should be done before investing in Magic.

MAGIC Price Prediction

In the 2H timeframe, the price action of $MAGIC/USDT is moving inside the rising wedge chart pattern. Currently, the price is getting rejected from the resistance trendline of the wedge. Price is also acting below the horizontal resistance zone. We must wait for a successful breakout or breakdown to confirm its next move.

For any time, on-demand analysis on $MAGIC or any other coin can join our Telegram channel.

Magic Price Analysis
MAGIC Price Analysis

Closing Thoughts

The Crypto market is known for its volatile nature. According to the above analysis, the coins we discussed might prove to be profitable if other market conditions prevail favorably. We suggest you engage in adequate research before investing in any digital assets.

Share IT

Get Daily Updates

Crypto News, NFTs and Market Updates

Claim Your Free Trading Guide

Sign up for newsletter below and get your free crypto trading guide.

Can’t find what you’re looking for? Type below and hit enter!