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MAGIC Price Prediction: MAGIC is Up 56.5% in 7 Days. Can it Reach $3 by the End of Q1?

02/08/2023
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Over the past seven days, the price of Magic (MAGIC) has risen by 56.5%. MAGIC is a native token of the Treasure Metaverse, a decentralized ecosystem for metaverse projects that utilizes non-fungible tokens (NFTs). This unique token serves multiple purposes in the ecosystem, making it the only token used for market transactions and providing control over various activities. 

By using MAGIC, the Treasure Metaverse offers a streamlined and efficient means of participating in the metaverse economy.

Treasure and $MAGIC Overview 

The Treasure decentralized video gaming console unites games and communities through bottom-up driven IP and infrastructure, all powered by $MAGIC, its utility token. 

As a fair launch token, $MAGIC drives the essential infrastructure and operates as a reserve asset across partner game cartridges. The more $MAGIC is placed in staking or LP positions, the less available tokens remain, creating a virtuous circle for both $MAGIC and real treasures within the ecosystem.

Treasure aims to become the hub of decentralization in the NFT ecosystem over time. The DAO will begin by creating decentralized alternatives to existing NFT products and use the revenue to launch new projects and support ongoing ones. 

MAGIC, functioning as a flywheel, enables the development of decentralized crypto-economic primitives that can serve as “real-world” economic assets, boosting decentralization in the metaverse.

MAGIC Price Forecast: Can MAGIC Hit $3 in the First Quarter

In the last 24 hours, the price of Magic (MAGIC) has increased by 4.3%, and is currently trading at $1.98, with a 24-hour trading volume of $210,073,636 at press time. With a circulating supply of 210 million, the market capitalization of Magic stands at $412,987,479.

The last 24 hours have seen a rise in market activity for Magic (MAGIC), with a 14.65% increase in trading volume totaling $205,679,730. With the upward move, MAGIC can hit $3 by the end of Q1 of 2023.

MAGIC PRICE PREDICTION

MAGIC tokens can be traded on centralized and decentralized crypto exchanges, with Binance being the most popular option. On Binance, the most highly traded pair is MAGIC/USDT, boasting a 24-hour trading volume of $79,646,254. Other popular exchanges for MAGIC include Sushiswap (Arbitrum One) and Gate.io.  Why is it surging?

MAGIC/USD Chart Analysis and Prediction 

The price of MAGIC has been on an uptrend since the beginning of the year. This comes after a long consolidation period since December 2022. The MAGIC market price is trading well above the 50 four-hour and 200 four-hour moving averages. The market is surging well above the resistance level and has reached the resistance at $2.2.

MAGIC/USD Chart Analysis: Source Tradingview.com

The moving average crossover at $0.57 is a clear move of the MAGIC price breakout. MAGIC has been scaling along the 50 EMA on the uptrend. Currently, the market has formed another high low which gears the price to break the $2.25 resistance level. The $3 mark will be inevitable if the price breaks the resistance.

Based on the above analysis, MAGIC is an investment in the short term. We predict that the price of MAGIC will reach $3.2 per token by the end of Q1 of 2023.

Meta Masters Guild Alternative for MAGIC 

Meta Masters Guild is launching with three exciting games: Meta Kart Racers, NFT Raid, and Meta Masters World. Players will earn Gems, an in-game currency, which can be exchanged for MEMAG, the native coin of the Meta Masters Guild ecosystem. Additionally, players can stake Gems for additional benefits.

But earning potential in the Meta Masters Guild network goes beyond gaming. Members can also generate revenue through content creation, in-game item supply, game development, and community giveaways.

Related

Meta Masters Guild – Play and Earn Crypto

Meta Masters Guild
  • Innovative P2E NFT Games Library Launching in 2023
  • Free to Play – No Barrier to Entry
  • Putting the Fun Back Into Blockchain Games
  • Rewards, Staking, In-Game NFTs
  • Real-World Community of Gamers & Traders
  • Round One of Token Sale Live Now – memag.io

Meta Masters Guild


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Source: https://insidebitcoins.com/news/magic-price-prediction