A veteran token in the MAGIC gaming ecosystem is roaring back to life! MAGIC surges 72% above $0.10—is there a disconnect between futures and spot markets?
Treasure (MAGIC), a long-standing name in blockchain gaming, has exploded 72.29% to $0.10613, while its 24-hour trading volume has surged more than tenfold to over $80 million!
Market facts: No new blockchain games launched today, and there were no metaverse land auctions. The buying pressure appears to be purely speculative, as traders scoop up “old gaming assets.”
Bottom line: The price has broken through the $0.10 mark. If perpetual futures trade at too large a premium to spot, futures could be the first to face basis convergence and sharp pullback risks.
#MAGIC #Treasure #GameFi #链游
$MAGIC
Treasure (MAGIC), a long-standing name in blockchain gaming, has exploded 72.29% to $0.10613, while its 24-hour trading volume has surged more than tenfold to over $80 million!
Market facts: No new blockchain games launched today, and there were no metaverse land auctions. The buying pressure appears to be purely speculative, as traders scoop up “old gaming assets.”
Bottom line: The price has broken through the $0.10 mark. If perpetual futures trade at too large a premium to spot, futures could be the first to face basis convergence and sharp pullback risks.
#MAGIC #Treasure #GameFi #链游
$MAGIC