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How to Buy MAGIC
Good news! You can buy MAGIC on Coinbase's centralized exchange. We've included detailed instructions to make it easier for you to buy MAGIC.
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MAGIC Price (MAGIC)
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Market stats
MAGIC is on the decline this week. ↘
The price of MAGIC has increased by 0.57% in the last hour and decreased by 2.53% in the past 24 hours. MAGIC’s price has also fallen by 29.26% in the past week. The current price is $0.42 per MAGIC with a 24-hour trading volume of $26.21M. Currently, MAGIC is valued at 93.41% below its all time high of $6.32. This all-time high was the highest price paid for MAGIC since its launch.
The current circulating supply of MAGIC is 300,246,701.766 MAGIC which means that MAGIC has as total market cap of 300,246,701.766.
Overall
Market cap
$124.9M
Volume (24h)
$26.2M
Circulating
300.2M MAGIC
Hold time
15 days
Popularity
#396
All time high
$6.32
Price change
1 hour
↗ 0.57%
1 day
↘ 2.53%
1 week
↘ 29.26%
2 weeks
↘ 39.37%
1 month
↘ 0.84%
1 year
↘ 62.81%
1 year benchmarks
Performance
↘ 62.8%
Vs. Market
↘ 81.52%
Vs. BTC
↘ 82.94%
Vs. ETH
↘ 73.86%
About MAGIC
MAGIC is the utility token of Treasure, a decentralized gaming ecosystem built on Arbitrum. MAGIC tokens are used in gameplay, to participate in governance, to buy and sell NFTs on the Treasure marketplace, and can also be staked.
FAQ
Magic (MAGIC) is a utility token that serves as the connective tissue for gaming communities within the Treasure Metaverse, a decentralized NFT ecosystem built on Arbitrum, a Layer 2 scaling solution for Ethereum. Launched in September 2021, MAGIC is a cross-game currency that links games, players, metaverses, and communities within the Web 3.0 framework. It is used for trading in-game NFTs on Treasure and also functions as a reserve currency for the Treasure metaverse. Players may receive MAGIC tokens by gaming, mining, and participating in games hosted on the Treasure platform. The token is intended to become increasingly scarce over time as more players join the ecosystem.
MAGIC operates as the official currency within the Treasure ecosystem, linking separate gaming communities. It is used in Bridgeworld, Treasure's flagship game, and in other games hosted on the Treasure platform. Players can stake MAGIC tokens in the Atlas Mine to help govern the Treasure platform. The Treasure ecosystem integrates DeFi, NFTs, and gaming as three separate elements: MAGIC, the cross-game digital currency; Treasures, which are in-game NFT items; and Legions, the platform's in-game NFT characters. MAGIC tokens allow players to transform Treasure NFTs into productive assets, and Legions help players receive Treasure NFTs and mine MAGIC tokens.
MAGIC tokens have a variety of potential use cases within the Treasure ecosystem. They can be received and used in various games, including Bridgeworld and other games hosted on the Treasure platform. They can also be staked in the Atlas Mine to participate in the governance of the Treasure platform. Additionally, MAGIC tokens can be used to transform Treasure NFTs into productive assets. More established gaming communities can use MAGIC to help develop new or emerging projects. The token's integration into the Treasure ecosystem allows for a wide range of potential use cases, all aimed at enhancing the gaming experience within the metaverse.
MAGIC was launched in September 2021 by the founders of Treasure, a platform that serves the MAGIC token. The founders, John Patten, Gaarp, and Karel Vuong, established Treasure with the aim of connecting gaming communities within a decentralized NFT ecosystem. The Treasure platform and MAGIC are operated by a decentralized autonomous organization (DAO), which consists of 36 community contributors, including experienced developers, product managers, economists, creative marketers, artists, and gamers. The MAGIC token is intended to become increasingly scarce over time as more players join the ecosystem. As of January 2023, the circulating supply of MAGIC is 211,674,541 out of a maximum supply of 347,714,007 coins.
We update our MAGIC to USD currency in real-time. Get the live price of MAGIC on Coinbase.
The current market cap of MAGIC is $124.94M. A high market cap implies that the asset is highly valued by the market.
The all-time high of MAGIC is $6.32. This all-time high is highest price paid for MAGIC since it was launched.
Over the last 24 hours, the trading volume of MAGIC is $26.21M.
Assets that have a similar market cap to MAGIC include Moonbeam, SafePal, Aleph Zero, and many others. To see a full list, see our comparable market cap assets.
The current circulating supply of MAGIC is 300 million.
The median time that Coinbase customers hold MAGIC before selling it or sending it to another account or address is 15 days.
MAGIC ranks 267 among tradable assets on Coinbase. Popularity is currently based on relative market cap.
Currently, 90% of Coinbase users are buying MAGIC. In other words, 90% of Coinbase customers have increased their net position in MAGIC over the past 24 hours through trading.
Yes, MAGIC is currently available on Coinbase’s centralized exchange. For more detailed instructions, check out our helpful how to buy MAGIC guide.
MAGIC Price History
Date | Price | Change |
|---|---|---|
Today (December 22, 2024) | $0.42 | -2.20% |
24 hours ago (December 21, 2024) | $0.43 | -2.53% |
1 week ago (December 15, 2024) | $0.59 | -29.26% |
1 month ago (November 22, 2024) | $0.42 | -0.84% |
1 year ago | $1.12 | -62.81% |
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Sum of median estimated savings and rewards earned, per user in 2021 across multiple Coinbase programs (excluding sweepstakes). This amount includes fee waivers from Coinbase One (excluding the subscription cost), rewards from Coinbase Card, and staking rewards.
MAGIC Calculator
Social
Some highlights about MAGIC on social media
3 unique individuals are talking about MAGIC and it is ranked #3,261 in most mentions and activity from collected posts. In the last 24 hours, across all social media platforms, MAGIC has an average sentiment score of 3 out of 5. Finally, MAGIC is becoming more newsworthy, with 0 news articles published about MAGIC. This is a 0% increase in news volume compared to yesterday.
On Reddit, MAGIC was mentioned in 0 Reddit posts and there were 0 comments about MAGIC. On average, there were more upvotes compared to downvotes on Reddit posts and more upvotes compared to downvotes on Reddit comments.
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Overview
Contributors
3 people
Dominance
0%
Volume rank
#3,261
Average Sentiment
3 out of 5
Coinbase Bytes
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Certain content has been prepared by third parties not affiliated with Coinbase Inc. or any of its affiliates and Coinbase is not responsible for such content. Coinbase is not liable for any errors or delays in content, or for any actions taken in reliance on any content. Information is provided for informational purposes only and is not investment advice. This is not a recommendation to buy or sell a particular digital asset or to employ a particular investment strategy. Coinbase makes no representation on the accuracy, suitability, or validity of any information provided or for a particular asset. Prices shown are for illustrative purposes only. Actual cryptocurrency prices and associated stats may vary. Data presented may reflect assets traded on Coinbase’s exchange and select other cryptocurrency exchanges.