MAGIC (MAGIC) price prediction ranges from $1.1812 to $4.25.
Analysis suggests that the MAGIC price might reach above $4.03 soon.
The MAGIC bearish market price prediction for 2023 is $1.4199.
Aside from Bitcoin (BTC) and Ethereum (ETH), there are other digital currencies worth considering for people looking to diversify their portfolios and get experience with new cryptocurrencies, MAGIC (MAGIC) is one of them.
The Treasure metaverse is a decentralized non-fungible token (NFT) ecosystem for metaverse projects, and MAGIC is its native token. The MAGIC token is the only token used for market transactions and is also used to control ecosystem activity.
If you are interested in the future of MAGIC and want to know its predicted value for 2023, 2024, 2025, and 2030, keep reading!
Table of contents
Magic (MAGIC) Market Overview
What is Magic (MAGIC)?
Analysts’ Views on MAGIC (MAGIC)
MAGIC Current Market Status
MAGIC Price Analysis 2023
MAGIC Price Analysis – Keltner Channel
MAGIC Price Analysis – Relative Strength Index
MAGIC Price Analysis – Moving Average
MAGIC Price Prediction 2023
MAGIC Price Prediction – Resistance and Support Levels
MAGIC Price Prediction 2024
MAGIC Price Prediction 2025
MAGIC Price Prediction 2026
MAGIC Price Prediction 2027
MAGIC Price Prediction 2028
MAGIC Price Prediction 2029
MAGIC Price Prediction 2030
MAGIC Price Prediction 2040
MAGIC Price Prediction 2050
Conclusion
FAQ
Magic (MAGIC) Market Overview
Name Magic Symbol magic Rank #102 Price $2.19 Price Change (1h) 1.13413 % Price Change (24h) 12.27557 % Price Change (7d) 45.71241 % Market Cap $459917793 All Time High $6.32 All Time Low $0.01999252 Circulating Supply 209877223.068 magic Total Supply 339645510.318 magic
What is Magic (MAGIC)?
Treasure is the decentralized video gaming console that brings games and communities together through bottom-up driven IP and infrastructure, united by a shared set of composable resources. MAGIC is the utility token of Treasure, an Arbitrum-based NFT ecosystem.
The Treasure ecosystem is underpinned by $MAGIC, a fair launch token that drives essential infrastructure and operates as a reserve asset across partner game cartridges. Mining creates a virtuous circle for both MAGIC and real treasures. MAGIC is perpetually placed in staking or LP positions, reducing the amount of tokens available.
Over time, Treasure aspires to establish itself as the epicenter of decentralization within the NFT ecosystem. The DAO will start developing decentralized rivals to current NFT goods, utilizing this income to launch new initiatives and advance ongoing ones. The development of decentralized crypto-economic primitives that may serve as “real world” economic assets is facilitated by MAGIC, which functions as a flywheel to boost decentralization in the metaverse.
Furthermore, the MAGIC mine’s architecture generated substantial rewards for users who were prepared to lock up their MAGIC for extended periods. These users were crucial in developing liquidity for the protocol and showed tremendous faith in its future. This group proved to be the greatest protocol stewards and hence the best viable DAO trustees.
Analysts’ Views on MAGIC (MAGIC)
Investors are shilling on Twitter that investing in MAGIC was worth it.
gm feels gud to wake up to green. shout out to @Treasure_DAO! $MAGIC absolutely ripping today pic.twitter.com/IYpOTaFldz
— flipdrago.eth (@flipdrago) February 16, 2023
Also analysts believe that we can expect MAGIC to rise higher than the current price zone.
$MAGIC #MAGIC #MAGICUSD's2d prices CONTINUING here with signs of STRENGTH and can still be in a position to MORE THAN 2.82X!With the target still at ≈$6.027, prices may be set to climb over +183% more from here on a run to MEET it and they can carry on at great speeds! https://t.co/aecF8MzpVw pic.twitter.com/QnuZrAD7Ts
— JAVON MARKS (@javonnnm) February 17, 2023
MAGIC Current Market Status
MAGIC (MAGIC), which has a total supply of 339,645,510 MAGIC, is trading at over $0.628 on CoinMarketCap. The 24-hour trading volume for MAGIC is $29,625,479, up by 45.55%. And during the past 24 hours, the price of MAGIC has decreased by 0.32%.
The most well-liked crypto exchanges for trading MAGIC are Binance, Coinbase, Sushiswap, Huobi, Gate.io and OKX. Let’s continue looking at MAGIC prices until 2023.
MAGIC Price Analysis 2023
On CoinMarketCap’s list of the largest cryptocurrencies, MAGIC is ranked 148th by market capitalization. Will the most recent MAGIC additions, upgrades, and tweaks lead to a price increase? Let’s first concentrate on the MAGIC price projection charts from this article.
MAGIC Price Analysis – Keltner Channel
MAGIC/USDT 4-Hour Chart Showing Keltner Channel (Source: TradingView)
When volatility bands are placed on each side of an asset’s price, the Keltner Channel can be used to detect a trend. The Keltner Channel signals for MAGIC/USDT can be used to forecast the price of MAGIC (MAGIC). The price is approaching the upper trendline of the channel’s first half, indicating that the market has risen slightly after falling for several days. We should wait for a reversal or a better entry point in order to increase the reward-to-risk ratio and achieve a better risk-free situation.
MAGIC Price Analysis – Relative Strength Index
MAGIC/USDT 4-Hour Chart Showing Relative Strength Index (Source: TradingView)
The RSI is more stable during uptrends than during downtrends. It makes sense, given that the RSI measures gains and losses. During an upswing, more big gains result in a higher RSI. In contrast, the RSI tends to stay at lower values. The 1-hour chart number is 68.08, and an RSI value above 50 indicates that the market is now in an uptrend. However, it’s close to the reversal zone of RSI 70 where we can expect a few retracements can happen. Investors should wait for more confirmation patterns before entering the trader to lower the potential risks.
MAGIC Price Analysis – Moving Average
MAGIC/USDT 4-Hour Chart Showing 200-MA and 50-MA (Source: TradingView)
A 4-hour MAGIC (MAGIC) 50-day Moving Averages (MAs) chart is shown above. According to the chart above, MAGIC is currently trending bullish. The candlesticks are above the 50-day moving average, indicating that the market is bullish. We can see that the golden cross occurred on January 15, 2023, and that MAGIC has continued to break its resistance areas since then.
If the bulls can reclaim their thrones, we can expect MAGIC to gain bullish momentum.
MAGIC Price Prediction 2023
MAGIC/USDT 4-Hour Chart (Source: TradingView)
Looking at the 4-hour chart of MAGIC/USDT, the MAGIC price has been down since it first got listed on major exchanges. MAGIC reached its highest at $2.3339 on the previous day. However, it cannot make a new high and has been consolidating since then. Moreover, MAGIC is above 200-day moving average, meaning that the market is entirely bullish.
Meanwhile, our long-term MAGIC price prediction for 2023 is bullish if it cannot break the support level. We can expect MAGIC to reach $4.18 this year.
Month Minimum Price Average Price Maximum Price January 2023 1.6815 1.7049 1.7303 February 2023 2.0135 2.0369 2.0623 March 2023 2.1455 2.1689 2.1943 April 2023 2.4668 2.4902 2.5156 May 2023 2.7988 2.8222 2.8476 June 2023 2.8729 2.8963 2.9217 July 2023 3.0461 3.0695 3.0949 August 2023 3.3781 3.4015 3.4269 September 2023 3.5523 3.5757 3.6011 October 2023 3.7055 3.7289 3.7543 November 2023 3.9888 4.0122 4.0376 December 2023 4.1629 4.1863 4.2117
MAGIC Price Prediction – Resistance and Support Levels
MAGIC/USDT 4-hour Chart (Source: TradingView)
The chart above shows that the price of MAGIC has decreased drastically in the past few days. Moreover, MAGIC has been up by 13.88% in the past 24 hours. Suppose the previous price decrease a few days ago is a retrace during the bull run, it might be breaking its current resistance 1 and reaching higher than $3.
If MAGIC cannot break the $2.4886 level, the bears may seize control and dethrone MAGIC to a downtrend stance. In simple terms, the price of MAGIC might fall to almost the current 200-day moving average zone, which is $1.41, indicating a negative signal from the previous support level.
MAGIC Price Prediction 2024
There will be Bitcoin halving in 2024, and hence we should expect a positive trend in the market due to user sentiments and the quest by investors to accumulate more of the coin. Since the Bitcoin trend affects the direction of trade of other cryptocurrencies, we could expect MAGIC to trade at a price not below $6.8175 the end of 2023.
Month Minimum Price Average Price Maximum Price January 2024 4.3127 4.3361 4.3615 February 2024 4.6447 4.6681 4.6935 March 2024 4.7767 4.8001 4.8255 April 2024 5.0980 5.1214 5.1468 May 2024 5.4300 5.4534 5.4788 June 2024 5.5041 5.5275 5.5529 July 2024 5.6773 5.7007 5.7261 August 2024 6.0093 6.0327 6.0581 September 2024 6.1835 6.2069 6.2323 October 2024 6.3367 6.3601 6.3855 November 2024 6.6200 6.6434 6.6688 December 2024 6.7941 6.8175 6.8429
MAGIC Price Prediction 2025
We should expect the price of MAGIC to trade above its 2024 price due to the possibility of most cryptocurrencies breaking more psychological resistance levels due to the Bitcoin halving over the previous year. Hence, MAGIC could end 2025 by trading at around $10.4327.
Month Minimum Price Average Price Maximum Price January 2025 6.9439 6.9673 6.9927 February 2025 7.2759 7.2993 7.3247 March 2025 7.5959 7.6193 7.6447 April 2025 7.9172 7.9406 7.9660 May 2025 8.2492 8.2726 8.2980 June 2025 8.5233 8.5467 8.5721 July 2025 8.8965 8.9199 8.9453 August 2025 9.2285 9.2519 9.2773 September 2025 9.5027 9.5261 9.5515 October 2025 9.7559 9.7793 9.8047 November 2025 10.0392 10.0626 10.0880 December 2025 10.4133 10.4367 10.4621
MAGIC Price Prediction 2026
Since the maximum supply of MAGIC is approached by 2026, the bearish market that follows a MAGIC bullish run impacts its previous price due to the entrance of more institutional investors to its platform. With this, the cost of MAGIC could break the usual trend and trade at $14.0559 by the end of 2026.
Month Minimum Price Average Price Maximum Price January 2026 10.5631 10.5865 10.6119 February 2026 10.8951 10.9185 10.9439 March 2026 11.2151 11.2385 11.2639 April 2026 11.5364 11.5598 11.5852 May 2026 11.8684 11.8918 11.9172 June 2026 12.1425 12.1659 12.1913 July 2026 12.5157 12.5391 12.5645 August 2026 12.8477 12.8711 12.8965 September 2026 13.1219 13.1453 13.1707 October 2026 13.3751 13.3985 13.4239 November 2026 13.6584 13.6818 13.7072 December 2026 14.0325 14.0559 14.0813
MAGIC Price Prediction 2027
Investors expect a bullish run next year, 2028, due to Bitcoin halving. Hence, the price of MAGIC could consolidate the previous gains and even break more psychological resistance levels due to investors’ positive sentiment. Therefore, MAGIC could trade at $17.67 by the end of 2027.
Month Minimum Price Average Price Maximum Price January 2027 14.1823 14.2057 14.2311 February 2027 14.5143 14.5377 14.5631 March 2027 14.8343 14.8577 14.8831 April 2027 15.1556 15.1790 15.2044 May 2027 15.4876 15.5110 15.5364 June 2027 15.7617 15.7851 15.8105 July 2027 16.1349 16.1583 16.1837 August 2027 16.4669 16.4903 16.5157 September 2027 16.7411 16.7645 16.7899 October 2027 16.9943 17.0177 17.0431 November 2027 17.2776 17.3010 17.3264 December 2027 17.6517 17.6751 17.7005
MAGIC Price Prediction 2028
In 2028, there will be Bitcoin halving. Hence, the consolidating market in 2027 could be followed by a bullish run. This is due to the impact of news surrounding any year of Bitcoin halving. It is possible that the market could attain higher high values. MAGIC (MAGIC) could hit $21.29 by the end of 2028.
Month Minimum Price Average Price Maximum Price January 2028 17.8015 17.8249 17.8503 February 2028 18.1335 18.1569 18.1823 March 2028 18.4535 18.4769 18.5023 April 2028 18.7748 18.7982 18.8236 May 2028 19.1068 19.1302 19.1556 June 2028 19.3809 19.4043 19.4297 July 2028 19.7541 19.7775 19.8029 August 2028 20.0861 20.1095 20.1349 September 2028 20.3603 20.3837 20.4091 October 2028 20.6135 20.6369 20.6623 November 2028 20.8968 20.9202 20.9456 December 2028 21.2709 21.2943 21.3197
MAGIC Price Prediction 2029
By 2029, there could be much stability in the price of most cryptocurrencies that had stayed for over a decade. This is due to implementing lessons learned to ensure their investors retain the project’s confidence. This impact, coupled with the price surge that follows a year after Bitcoin halving, could surge the price of MAGIC to $24.9135 by the end of 2029. Also, MAGIC is likely to break its ATH value.
Month Minimum Price Average Price Maximum Price January 2029 21.4207 21.4441 21.4695 February 2029 21.7527 21.7761 21.8015 March 2029 22.0727 22.0961 22.1215 April 2029 22.3940 22.4174 22.4428 May 2029 22.7260 22.7494 22.7748 June 2029 23.0001 23.0235 23.0489 July 2029 23.3733 23.3967 23.4221 August 2029 23.7053 23.7287 23.7541 September 2029 23.9795 24.0029 24.0283 October 2029 24.2327 24.2561 24.2815 November 2029 24.5160 24.5394 24.5648 December 2029 24.8901 24.9135 24.9389
MAGIC Price Prediction 2030
The cryptocurrency market experienced high stability due to the holding activities of early investors so as not to lose future gains in the price of their assets. We expect the price of MAGIC (MAGIC) to trade at around $28.5327 by the end of 2030, irrespective of the previously bearish market that followed a market surge in the earlier years.
Month Minimum Price Average Price Maximum Price January 2030 25.0399 25.0633 25.0887 February 2030 25.3719 25.3953 25.4207 March 2030 25.6919 25.7153 25.7407 April 2030 26.0132 26.0366 26.0620 May 2030 26.3452 26.3686 26.3940 June 2030 26.6193 26.6427 26.6681 July 2030 26.9925 27.0159 27.0413 August 2030 27.3245 27.3479 27.3733 September 2030 27.5987 27.6221 27.6475 October 2030 27.8519 27.8753 27.9007 November 2030 28.1352 28.1586 28.1840 December 2030 28.5093 28.5327 28.5581
MAGIC Price Prediction 2040
According to our long-term MAGIC price estimate, MAGIC prices could reach a new all-time high this year. If the current growth rate continues, we could anticipate an average price of $68 by 2040. If the market turns bullish, the price of MAGIC could go up beyond what we predicted for 2040.
Minimum Price Average Price Maximum Price $47 $68 $78
MAGIC Price Prediction 2050
According to our MAGIC forecast, the average price of MAGIC in 2050 might be above $38. If more investors are drawn to MAGIC between these years, the price of MAGIC in 2050 could be far higher than our projection.
Minimum Price Average Price Maximum Price $105 $150 $176
Conclusion
MAGIC might reach $4 in 2023 and $25 by 2030 if investors decide that MAGIC is a good investment along with mainstream cryptocurrencies like Bitcoin and Ethereum.
FAQ
What is Magic (MAGIC)?
Treasure is the decentralized video gaming console that brings games and communities together through bottom-up driven IP and infrastructure, united by a shared set of composable resources. MAGIC is the utility token of Treasure, an Arbitrum-based NFT ecosystem.The Treasure ecosystem is underpinned by $MAGIC, a fair launch token that drives essential infrastructure and operates as a reserve asset across partner game cartridges. Mining creates a virtuous circle for both MAGIC and real treasures. MAGIC is perpetually placed in staking or LP positions, reducing the amount of tokens available.
How to buy MAGIC tokens?
MAGIC can be traded on many exchanges like other digital assets in the crypto world. Binance, Coinbase, Sushiswap, Huobi, Gate.io and OKX are currently the most popular cryptocurrency exchanges for trading MAGIC.
Will MAGIC surpass its current ATH?
Since MAGIC provides investors with several opportunities to profit from their crypto holdings, it is a good investment in 2023. Notably, MAGIC has a high possibility of surpassing its current ATH in 2025.
Can MAGIC reach $10 soon?
MAGIC is one of the few active crypto assets that continue to rise in value. As long as this bullish trend continues, MAGIC might break through $6 and reach as high as $10. If the current market favoring crypto continues, it will likely happen.
Is MAGIC a good investment in 2023?
MAGIC is expected to continue its upward trend as one of the fastest-rising cryptocurrencies. MAGIC is an excellent cryptocurrency to invest in this year, given its recent partnerships and collaborations that have improved its adoption.
What Is the lowest price of MAGIC?
The lowest MAGIC price is $0.1837, attained on November 18, 2021, according to CoinMarketCap.
Which year was MAGIC launched?
MAGIC was launched in 2022.
Who are the co-founders of MAGIC?
John Patten and Gaarp founded MAGIC.
What is the maximum supply of MAGIC?
There will be a maximum supply of 347,714,007 MAGIC.
How do I store MAGIC?
MAGIC can be stored in a cold wallet, hot wallet, or exchange wallet.
What will be the MAGIC price in 2023?
MAGIC price is expected to reach $4.18 by 2023.
What will be the MAGIC price in 2024?
MAGIC price is expected to reach $6.8145 by 2024.
What will be the MAGIC price in 2025?
MAGIC price is expected to reach $10.4327 by 2025.
What will be the MAGIC price in 2026?
MAGIC price is expected to reach $14.0559 by 2026.
What will be the MAGIC price in 2027?
MAGIC price is expected to reach $16.67 by 2027.
What will be the MAGIC price in 2028?
MAGIC price is expected to reach $21.29 by 2028.
What will be the MAGIC price in 2029?
MAGIC price is expected to reach $24.91 by 2029.
What will be the MAGIC price in 2030?
MAGIC price is expected to reach $28.5327 by 2030.
What will be the MAGIC price in 2040?
MAGIC price is expected to reach $68 by 2040.
What will be the MAGIC price in 2050?
MAGIC price is expected to reach $150 by 2050.
Disclaimer: The views and opinions, as well as all the information shared in this price prediction, are published in good faith. Readers must do their research and due diligence. Any action taken by the reader is strictly at their own risk. Coin Edition and its affiliates will not be held liable for any direct or indirect damage or loss.
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