Magic price
Current price
$0.0678
−3.56% 24h
Live Updated just now
Today Magic falls 3.6%, trailing the market.
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View as table
| Time | Price |
|---|
Change by period
- 1 hour −0.73%
- 24 hours −3.56%
- 7 days −19.19%
- 30 days −37.73%
- 1 year −43.10%
Magic's move in context
Lagging the market today
−3.56% in 24 hours against −0.91% for the market as a whole, a gap of 2.6 points. Small gaps like this are common, so they don't point to anything specific.
- We compare the last 24 hours with this coin's typical day, from 26 recent days (up to four weeks). We only count exchanges we read on both days, so an exchange we've just added doesn't look like extra trading. This describes trading, not where the price goes next.
$586.53K traded in the last 24 hours on the exchanges we read, close to its usual day.
- The price of each exchange's last trade, read in the past few minutes, in US dollars or dollar stablecoins; markets with little trading are left out. Gaps under 1% are everyday: fees and the gap between buying and selling prices take up most of them.
Magic's last prices on 5 exchanges we read are within 0.94% of each other, so the price above isn't one exchange's quirk.
Part of a slide
−19.2% over 7 days and −37.7% over 30 days: the recent move continues the monthly direction.
This is analysis of past prices, not a prediction or financial advice.
Where to trade Magic
Prices agree within 0.94% across these 5 exchanges.
- Binance Most traded MAGIC/USDT $447.09K 24h volume Last price $0.0678 0.00% vs our price
- MEXC MAGIC/USDT $53.41K 24h volume Last price $0.0673 −0.74% vs our price
- Bybit MAGIC/USDT $37.89K 24h volume Last price $0.0677 −0.09% vs our price
- Gate.io MAGIC/USDT $35K 24h volume Last price $0.0679 +0.19% vs our price
- KuCoin MAGIC/USDT $12.55K 24h volume Last price $0.0677 −0.15% vs our price
Each exchange's last price against our price above. Listed for convenience, not as advice: check that an exchange is allowed where you live.
About Magic
Overview
Magic is a next-generation cryptocurrency designed to facilitate decentralized finance (DeFi) solutions and empower developers to create innovative applications on the blockchain. Its core mission is to provide a secure, scalable, and efficient environment that fosters financial inclusion and democratizes access to financial services. Distinguishing features of Magic include its unique governance model, support for cross-chain interoperability, and a vibrant ecosystem that encourages community participation. With a focus on simplicity and user experience, Magic aims to bridge the gap between traditional finance and the emerging world of decentralized digital assets.
Technical Features
Magic employs a proof-of-stake (PoS) consensus mechanism, which allows token holders to participate in the validation of transactions and the security of the network by staking their tokens. This not only enhances network efficiency but also incentivizes active community participation. The security model of Magic incorporates advanced cryptographic techniques, ensuring robust protection against attacks and vulnerabilities. The network architecture is designed to be highly scalable, employing sharding and state channels to allow for high throughput and low latency transactions. Magic utilizes a proprietary algorithm that enhances transaction speed while minimizing fees, making it more attractive for everyday users and developers alike.
Use Cases
The primary use cases of Magic encompass a wide range of applications, particularly within the decentralized finance (DeFi) sector. Users can leverage Magic for lending, borrowing, and yielding farming, among other financial activities. Additionally, Magic supports governance mechanisms, allowing the community to vote on critical decisions that impact the ecosystem. The platform also facilitates the creation and trading of non-fungible tokens (NFTs), enabling artists and creators to monetize their work securely. Cross-border payments using Magic provide a cost-effective and fast solution for remittances, while its robust smart contract functionality allows developers to create and deploy decentralized applications (DApps) with ease.
Development Background
Magic was launched in 2021 by a team of experienced blockchain developers and financial experts who saw the need for a more inclusive financial system. Initial development was supported by partnerships with various blockchain organizations and funding from venture capitalists interested in the DeFi space. Since its inception, Magic has experienced significant milestones, including successful token sales and the launch of its decentralized exchange (DEX). Key updates have included enhancements to its underlying technology, community-driven initiatives, and collaborative projects that have bolstered its position in the market.
Community and Ecosystem
The Magic ecosystem is characterized by a passionate and engaged community that actively contributes to its growth and development. Various projects, including DeFi platforms, NFT marketplaces, and educational resources, have been built on the Magic blockchain. The community supports developers through grants and hackathons, fostering innovation and collaboration. Partnerships with established financial institutions and technology firms have expanded its reach and utility, creating a robust support network for users and developers alike.
Future Potential
The future potential of Magic is vast, thanks to its innovative technology, diverse use cases, and an evolving roadmap that includes upcoming features such as layer-2 scalability solutions and enhanced privacy protocols. As the DeFi landscape continues to grow, Magic is well-positioned to become a major player in the market. The focus on user experience and community governance indicates a commitment to continual improvement, making it an exciting project to watch in the cryptocurrency space. With ongoing developments and an expanding ecosystem, Magic is set to influence not only the future of finance but also the broader adoption of blockchain technology.
Magic market
- Position by market cap among the coins we track whose circulating supply is checked.
- #282
- Position by market cap among the coins we track whose circulating supply is checked.
- Price × coins in circulation. It measures a coin's size, not its quality.
- $21.4M
- Price × coins in circulation. It measures a coin's size, not its quality.
- Dollars traded in the last 24 hours on the exchanges we read, in pairs against the dollar or a dollar stablecoin such as USDT. Sites that count more exchanges and pairs show higher figures.
- $586.53K
- on the exchanges we read
- Dollars traded in the last 24 hours on the exchanges we read, in pairs against the dollar or a dollar stablecoin such as USDT. Sites that count more exchanges and pairs show higher figures.
- The lowest and highest price we recorded in the last 24 hours. The dot marks the current price.
- Low $0.0667 High $0.0706
- The lowest and highest price we recorded in the last 24 hours. The dot marks the current price.
- The highest price in our records for this coin. The bar shows the current price as a share of it.
- $6.32
- Now 1% of it Reached 19 Feb 2022 · Needs +9,222% to get back
- The highest price in our records for this coin. The bar shows the current price as a share of it.
- Coins that exist now and can be traded.
- 315.61M MAGIC
- 91% of max
- Coins that exist now and can be traded.
- Every coin created so far, minus any destroyed, including coins that are locked up.
- 347.72M MAGIC
- Every coin created so far, minus any destroyed, including coins that are locked up.
- The most coins that can ever exist. Some coins have no limit.
- 347.71M MAGIC
- The most coins that can ever exist. Some coins have no limit.
Magic converter
1 Magic = $0.0678
