Today, November 20, 2024, Treasure (MAGIC), the native token of the Treasure metaverse, is trading at approximately $0.43, marking a 3.13% dip in the last 24 hours. Its market cap stands at $117.83 million, placing it at rank #374 among cryptocurrencies by market capitalization. Despite the slight decline, MAGIC remains a key player in the blockchain gaming and NFT space due to its integration into the Treasure metaverse, where it is used to “power on” NFTs and enhance their functionality within gaming environments
MAGIC has experienced significant trading activity, with a 24-hour volume of $21.54 million. The token’s role in the metaverse includes mining, gaming rewards, and staking, ensuring it continues to draw interest from investors and participants in decentralized gaming ecosystems. While recent market conditions have influenced MAGIC’s price trajectory, its long-term utility and strategic positioning in metaverse applications make it a cryptocurrency to watch
Disclaimer: Please note that this is not investment advice. These are just our predictions, and we have no relation to the Treasure (MAGIC) development team.
Current Price Performance
As of November 20, 2024, MAGIC, the native token of the Treasure metaverse ecosystem, is trading at $0.4157, reflecting a 2.52% decrease over the past 24 hours. This short-term dip aligns with broader market trends that often exhibit fluctuations in response to trading activity, liquidity, and overall sentiment. Despite this slight daily decline, MAGIC continues to showcase its significance in the blockchain gaming and NFT space.
Over the last 24 hours, MAGIC’s trading volume has been robust, with activity surpassing $35.81 million, highlighting a 43.63% decline in daily trading volume. This sharp reduction suggests a cooling off from recent volatility, potentially driven by profit-taking from earlier price spikes or reduced speculative trading. Examining the past seven days, MAGIC has experienced marginal declines, reflecting the token’s sensitivity to macroeconomic and industry-specific news.
MAGIC’s market capitalization stands at $113.96 million, placing it within the mid-tier range of cryptocurrencies ranked #383 globally. This valuation underscores its established position within the metaverse and blockchain gaming niches. With a circulating supply of 274.12 million MAGIC tokens out of a total supply of 347.71 million, the token’s scarcity remains a factor that could influence its price positively as demand grows, particularly if the Treasure ecosystem gains broader adoption.
The token’s volume-to-market cap ratio of 31.41% signals a relatively active trading environment. This figure indicates that a significant portion of MAGIC’s market cap is being actively traded within a 24-hour period, showcasing strong liquidity. MAGIC’s price and market dynamics reflect a token deeply embedded in a promising metaverse ecosystem. While the recent 24-hour dip and subdued trading volume might appear discouraging, these short-term movements do not detract from the token’s long-term growth potential. Its substantial market cap and active trading suggest that it is well-positioned to benefit from the ongoing expansion of blockchain gaming and NFTs.
Community Sentiment
The organic growth and fair launch of MAGIC have been praised. The token was distributed for free without special allocations for insiders, which has fostered a sense of fairness and community ownership. This aspect is highlighted as crucial for the project’s success, emphasizing a vocal and organic community support.
The integration of MAGIC into various games and its role as a cross-metaverse currency has been well-received. The ecosystem’s expansion, including new games, partnerships, and the introduction of various features like a native marketplace and developer tools, suggests an active and growing community interest.The listing on major exchanges like Binance has led to significant trading volumes, indicating strong market interest and investor confidence in the project’s potential.
There is a call for caution regarding the intense focus on Treasure, especially with references to increased negative activities like doxxing attempts or privacy invasions, which might indicate a darker side of community engagement or external pressures. The community is encouraged to critically review and participate in governance decisions like TIP-23, suggesting that while the community is empowered, there’s also a responsibility to engage with the project’s direction and changes.
Technical Analysis
As of now, MAGIC is trading at approximately $0.912761, with a market capitalization of $234.09 million and a 24-hour trading volume of $72.77 million. These figures highlight the asset’s active trading environment and moderate liquidity in the cryptocurrency market. For MAGIC, three key support levels have been identified based on recent analyses. The first support is at $0.392209, representing a relatively immediate safety net for the price. A second support exists at $0.33717, indicating a deeper safety zone should the price face significant selling pressure. Finally, the strongest support is at $0.288476, a level traders would closely watch as a critical defense against a major downward trend.
MAGIC faces immediate resistance near its 50-day moving average, which is currently above the current price. This level will likely act as a barrier that the price must surpass to maintain bullish momentum. Additional resistance could be encountered near previous highs, particularly around $1.00. These levels are significant as they represent psychological and technical hurdles where traders may opt to sell, locking in profits.
Short-term moving averages suggest bullishness, but oscillators like Momentum and long-term averages caution against over-optimism. RSI at 55.6574 supports the case for a neutral to slightly bullish outlook. Traders should monitor upcoming price action and volume closely, particularly for confirmation of the short-term trends implied by the moving averages.
Treasure (MAGIC) Price Prediction
| Year | Bullish | Bearish | Average |
| 2025 | $48.45 | $0.86 | $35.91 |
| 2026 | $64.77 | $1.19 – $1.46 | $50.24 |
| 2027 | $59.34 | $32.60 | $45.78 |
| 2028 | $49.92 | $28.45 | $37.69 |
| 2029 | $76.08 | $42.31 | $58.76 |
| 2030 | $106.68 | $60.25 | $82.43 |
2025 Predictions
MAGIC’s price outlook for 2025 shows a wide range of possibilities, reflecting both cautious and optimistic scenarios. On the bearish side, predictions suggest a minimum price of $0.86 and an average of $1.03, driven by concerns over current bearish indicators and the asset’s struggle to sustain above critical moving averages. However, the bullish scenario paints a far more optimistic picture, with projections of a maximum price reaching $48.45, supported by anticipated global cryptocurrency adoption and a potential market recovery. A balanced perspective predicts an average price of $35.91, assuming steady growth fueled by improving market conditions and increased interest in MAGIC’s ecosystem.
2026 Predictions
For 2026, bearish predictions suggest MAGIC could stabilize between $1.19 and $1.46, indicating a slow recovery from prior volatility. On the bullish side, prices may reach up to $64.77, driven by rising demand and technological advancements. A balanced outlook places the average price around $50.24, reflecting steady growth amid market maturation.
2027 Predictions
In 2027, bearish forecasts suggest a potential decline to a minimum of $32.60, reflecting market corrections after earlier peaks. Bullish predictions, however, estimate a maximum price of $59.34, driven by ongoing adoption and investment in the crypto sector. The average price is expected to stabilize around $45.78, representing a balance between optimistic and cautious market sentiments.
2028 Predictions
For 2028, bearish predictions estimate MAGIC could drop to a minimum of $28.45, impacted by broader market trends and potential regulatory challenges. On the bullish side, prices might peak at $49.92, fueled by advancements in blockchain technology and growing crypto utility. The average price is projected to be around $37.69, reflecting steady but moderate growth amid market fluctuations.
2029 Predictions
In 2029, bearish forecasts suggest MAGIC might trade at a minimum of $42.31 as the market stabilizes after earlier highs. Bullish predictions project a potential peak of $76.08, driven by expanding use cases and growing acceptance of digital currencies. The average price is anticipated to be around $58.76, reflecting a strong and supportive market environment for crypto assets.
2030 Predictions
By 2030, bearish projections suggest MAGIC could stabilize at a minimum of $60.25, reflecting potential market volatility and shifts in investor sentiment. On the bullish side, prices might reach up to $106.68, supported by technological advancements and increased trust in cryptocurrencies. The average price is expected to hover around $82.43, signaling strong growth potential under favorable market conditions.
Conclusion
The predictions for Treasure (MAGIC) from 2025 to 2030 illustrate a wide range of possibilities influenced by various factors including market sentiment, technological developments, and regulatory changes. While bearish forecasts suggest cautious growth or declines, bullish predictions highlight significant potential for appreciation in value over the coming years. The average prices provide a middle ground, reflecting what many analysts expect under typical market conditions.
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