• Magic (MAGIC) has risen by 56.5% in the past seven days.
• The Treasure decentralized video gaming console is powered by MAGIC and it serves as a utility token used for market transactions and providing control over various activities.
• There is an increasing market activity for the token, with a 14.65% increase in trading volume totaling $205,679,730; if this trend continues, Magic (MAGIC) could hit $3 by the end of Q1 2023.
Introduction to MAGIC
Magic (MAGIC) is a native token of the Treasure Metaverse, a decentralized ecosystem for metaverse projects that utilizes non-fungible tokens (NFTs). This unique token serves multiple purposes in the ecosystem, making it the only token used for market transactions and providing control over various activities. By using MAGIC, the Treasure Metaverse offers a streamlined and efficient means of participating in the metaverse economy.
Overview of Treasure & MAGIC
The Treasure decentralized video gaming console unites games and communities through bottom-up driven IP and infrastructure, all powered by $MAGIC, its utility token. As a fair launch token, $MAGIC drives the essential infrastructure and operates as a reserve asset across partner game cartridges. The more $MAGIC is placed in staking or LP positions, the less available tokens remain, creating a virtuous circle for both $MAGIC and real treasures within the ecosystem. Treasure aims to become the hub of decentralization in the NFT ecosystem over time. The DAO will begin by creating decentralized alternatives to existing NFT products and use the revenue to launch new projects and support ongoing ones. MAGIC functions as a flywheel that enables development of crypto-economic primitives that can serve as “real-world” economic assets; thus boosting decentralization in metaverses around world.
Recent Market Activity
In the last 24 hours, price of Magic (MAGIC) has increased by 4.3%, trading at $1.98 at press time with 24 hour trading volume totaling up to $210 million dollars . With circulating supply being 210 million tokens , market capitalization stands at$412 million . The last 24 hours have seen surge activity for Magic(MAGIK ) , with 14 % increase n trading volume totalling up to 205 million dollars .
With upward move , MAGIK can hit 3$ by end of first quarter given increasing market activity . Tokens can be traded on centralized and decentralized exchanges like Binance which is most popular one among them .
Magic (MAGIK ) shows potential growth given current trends , however investors should do their own due diligence before investing .