MAGIC price prediction – is it a good buy?

By Sydney Barrett Last updated Dec 9, 2022

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MAGIC is currently recording gains in the cryptocurrency market. The price is up 3.90% in the last 24 hours. Also, today’s trading volume is up 12.88% to $7,366,471.57.

This price surge comes with its potential listing on the Coinbase platform. MAGIC is currently number 227 in the cryptocurrency market.

MAGIC serves as a native token for the Treasure DAO network. This network focuses on gaming and NFTs. MAGIC profits can be attributed to user acceptance of game solutions.

Here’s everything you need to know about the token and its price movement.

What is MAGIC Token and how does it work?

MAGIC is the native token that powers the Treasure Metaverse; The Treasure is a decentralized NFT hub supporting Metaverse projects.

The MAGIC token is the currency of all activity in the Treasure ecosystem. It is the only currency accepted for trading. It also serves as reserve currency for the metaverses connected to the Treasure network.

Players earn MAGIC tokens by playing games, mining and on Bridgeworld. MAGIC tokens are used for staking at Atlas Mine and joining liquidity pools to earn rewards. MAGIC was developed by John Patten and Gaarp and launched in September 2021.

The token reached its all-time high of $6.32 on February 19, 2022. He has a maximum supply of 347,714,007 MAGIC.

MAGIC token price prediction

resistance and support

MAGIC|USD daily chart | Source: TradingView.com

MAGIC is currently climbing the charts. It broke the $0.5472 resistance level and it is likely to continue higher.

Critical support levels of $0.3551 and $0.3027 remain. MAGIC’s usefulness on the Treasure network is likely to push its price further up.

The token is doing well as it is relatively new to the cryptocurrency market. Expect a positive price development in the coming months.

Magic Token price prediction with technical indicators

MAGIC|USD daily chart | Source: TradingView.com

MAGIC is enjoying bullish momentum in the market. The token is trading above the 50-day SMA with more green candle formation on the chart.

Note: MAGIC is still relatively new, with limited historical price data.

The RSI is in the overbought territory at 71.67. Traders are taking long positions at the moment.

The MACD is showing divergence and is above its signal line. This is a buy signal from the indicator.

With the currently observed rally in MAGIC price, expect the token to maintain its momentum in the coming weeks.

Its usefulness is its strength and will support the price when the general market recovers. Expect the price of MAGIC to reach $0.9 soon.

Potential Assets to Watch During Crypto Winter

MAGIC makes bold moves in the market. However, there are no certainties with cryptocurrencies as the market is very volatile.

Here are some presale tokens with a great prospect that you can take advantage of as an investor.

Dash 2 Trading (D2T)

This platform is currently eliciting positive reactions from the crypto community. Users can access real-time analytics powered by artificial intelligence.

It is a decentralized trading platform that allows users to evaluate their trading strategies using backtesting to measure past performance.

Dash 2 Trade allows traders to conduct automated transactions powered by artificial intelligence. Also, trading signals for buy and sell signals are available in the market.

Other features available are strategy builders and social trading platforms. It provides traders with the much-needed support for quality trades.

With the native token – D2T, users can access the platform and benefit from its innovative features. You can also participate in community-based events and competitions.

Phase 3 of the presale is almost complete and has raised over $8.4 million. Once the presale closes, D2T will be listed on the BitMart and LBank exchanges.

skull (RIA)

Calvaria is a gaming platform that offers users free access to play after signing up and earning NFTs as rewards. It doesn’t require any financial or other resources from players before they can earn. It’s a welcome departure from the traditional pay-to-play method of play.

Calvaria aims to expand the reach of Web3 gaming by making the platform freely accessible.

Non-crypto players can access all game features on Calvaria. Competing players receive rewards such as trading cards or NFTs. Its native token, RIA, is an ERC-20 token that will power the Calvaria ecosystem.

RIA also serves as the platform’s governance token. Investors are fully committed to the RIA project, with phase 1 of the pre-sale selling out quickly.

The advance sale is currently in stage 5 and is 72% sold out. Currently 30.77 RIA is sold for 1 USDT. However, there will be a price increase until the next advance sale.

The Calvaria pre-sale has raised approximately $2.2 million with total project funding valued at $3,075,000.

As an added benefit, the platform also offers trading signals for traders.

RobotEra (BREAD)

RobotEra is a free-to-play game that allows users to shape their planet in the metaverse.

On the platform, each player represents the RobotEra NFTs as a robot. A robot can team up with other robots to carry out projects such as rebuilding planets.

Rebuilding planets increases the value of properties in the Metaverse. The game is ideal for players who enjoy creating and maintaining games.

Also, active and passive earning opportunities are available as users engage in community activities. These activities include mining, staking, planting sacred trees, and concerts, among others.

LBank Labs provides financial support and support for the program to ensure its success.

The RobotEra pre-sale kicked off on November 9th and is one of the phenomenal pre-sale events of 2022.

TARO is a multiverse currency that is bought directly from a wallet using USD or ETH.

Currently, 1 TARO is worth 0.020 USDT. The first pre-sale is coming to an end – followed by a $0.025 price increase. The TARO pre-sale has realized over $348,000 so far.

IMPT

The IMPT team creates an efficient world of carbon credits by adding them to the blockchain. The carbon credit system was previously vague – only finding applications in companies was outdated.

However, carbon credits cannot be traded – as NFTs on the blockchain 24/7.

Lbank and Changelly Pro are two centralized exchanges that will list the IMPT token after the launch of DEX.

The IMPT pre-sale has raised $14.5 million and is nearing completion with less than a week to go. At each stage of the pre-sale, the token surged to $0.023.

Conclusion

The MAGIC token has enjoyed positive price action over the past few days. Its application to games and throughout the metaverse helps maintain its value.

While the token looks promising, investors can also leverage pre-sale tokens like D2T, RIA, TARO, and IMPT for a quick profit if the price changes. The presale lasts less than a week, and now is the time to act.

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