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MAGIC Price Prediction 2023-2030: Will MAGIC Price Hit $4 Soon?

Published 02/17/2023, 07:50 AM
Updated 02/17/2023, 08:00 AM
© Reuters MAGIC Price Prediction 2023-2030: Will MAGIC Price Hit $4 Soon?
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  • MAGIC (MAGIC) price prediction ranges from $1.1812 to $4.25.
  • Analysis suggests that the MAGIC price might reach above $4.03 soon.
  • The MAGIC bearish market price prediction for 2023 is $1.4199.

Aside from Bitcoin (BTC) and Ethereum (ETH), there are other digital currencies worth considering for people looking to diversify their portfolios and get experience with new cryptocurrencies, MAGIC (MAGIC) is one of them.

The Treasure metaverse is a decentralized non-fungible token (NFT) ecosystem for metaverse projects, and MAGIC is its native token. The MAGIC token is the only token used for market transactions and is also used to control ecosystem activity.

If you are interested in the future of MAGIC and want to know its predicted value for 2023, 2024, 2025, and 2030, keep reading!

Table of contents

  • Magic (MAGIC) Market Overview
  • What is Magic (MAGIC)?
  • Analysts’ Views on MAGIC (MAGIC)
  • MAGIC Current Market Status
  • MAGIC Price Analysis 2023
    • MAGIC Price Analysis – Keltner Channel
    • MAGIC Price Analysis – Relative Strength Index
    • MAGIC Price Analysis – Moving Average
  • MAGIC Price Prediction 2023
    • MAGIC Price Prediction – Resistance and Support Levels
  • MAGIC Price Prediction 2024
  • MAGIC Price Prediction 2025
  • MAGIC Price Prediction 2026
  • MAGIC Price Prediction 2027
  • MAGIC Price Prediction 2028
  • MAGIC Price Prediction 2029
  • MAGIC Price Prediction 2030
  • MAGIC Price Prediction 2040
  • MAGIC Price Prediction 2050
  • Conclusion
  • FAQ

Magic (MAGIC) Market Overview

Name Magic
Symbol magic
Rank #102
Price $2.2
Price Change (1h) 1.57747 %
Price Change (24h) 12.02208 %
Price Change (7d) 46.13501 %
Market Cap $459917793
All Time High $6.32
All Time Low $0.01999252
Circulating Supply 209877223.068 magic
Total Supply 339645510.318 magic

What is Magic (MAGIC)?

Treasure is the decentralized video gaming console that brings games and communities together through bottom-up driven IP and infrastructure, united by a shared set of composable resources. MAGIC is the utility token of Treasure, an Arbitrum-based NFT ecosystem.

The Treasure ecosystem is underpinned by $MAGIC, a fair launch token that drives essential infrastructure and operates as a reserve asset across partner game cartridges. Mining creates a virtuous circle for both MAGIC and real treasures. MAGIC is perpetually placed in staking or LP positions, reducing the amount of tokens available.

Over time, Treasure aspires to establish itself as the epicenter of decentralization within the NFT ecosystem. The DAO will start developing decentralized rivals to current NFT goods, utilizing this income to launch new initiatives and advance ongoing ones. The development of decentralized crypto-economic primitives that may serve as “real world” economic assets is facilitated by MAGIC, which functions as a flywheel to boost decentralization in the metaverse.

Furthermore, the MAGIC mine’s architecture generated substantial rewards for users who were prepared to lock up their MAGIC for extended periods. These users were crucial in developing liquidity for the protocol and showed tremendous faith in its future. This group proved to be the greatest protocol stewards and hence the best viable DAO trustees.

Analysts’ Views on MAGIC (MAGIC)

Investors are shilling on Twitter that investing in MAGIC was worth it.

Also analysts believe that we can expect MAGIC to rise higher than the current price zone.

MAGIC Current Market Status

MAGIC (MAGIC), which has a total supply of 339,645,510 MAGIC, is trading at over $0.628 on CoinMarketCap. The 24-hour trading volume for MAGIC is $29,625,479, up by 45.55%. And during the past 24 hours, the price of MAGIC has decreased by 0.32%.

The most well-liked crypto exchanges for trading MAGIC are Binance, Coinbase (NASDAQ:COIN), Sushiswap, Huobi, Gate.io and OKX. Let’s continue looking at MAGIC prices until 2023.

MAGIC Price Analysis 2023

On CoinMarketCap’s list of the largest cryptocurrencies, MAGIC is ranked 148th by market capitalization. Will the most recent MAGIC additions, upgrades, and tweaks lead to a price increase? Let’s first concentrate on the MAGIC price projection charts from this article.

MAGIC Price Analysis – Keltner Channel

MAGIC/USDT 4-Hour Chart Showing Keltner Channel (Source: TradingView)

When volatility bands are placed on each side of an asset’s price, the Keltner Channel can be used to detect a trend. The Keltner Channel signals for MAGIC/USDT can be used to forecast the price of MAGIC (MAGIC). The price is approaching the upper trendline of the channel’s first half, indicating that the market has risen slightly after falling for several days. We should wait for a reversal or a better entry point in order to increase the reward-to-risk ratio and achieve a better risk-free situation.

MAGIC Price Analysis – Relative Strength Index

MAGIC/USDT 4-Hour Chart Showing Relative Strength Index (Source: TradingView)

The RSI is more stable during uptrends than during downtrends. It makes sense, given that the RSI measures gains and losses. During an upswing, more big gains result in a higher RSI. In contrast, the RSI tends to stay at lower values. The 1-hour chart number is 68.08, and an RSI value above 50 indicates that the market is now in an uptrend. However, it’s close to the reversal zone of RSI 70 where we can expect a few retracements can happen. Investors should wait for more confirmation patterns before entering the trader to lower the potential risks.

MAGIC Price Analysis – Moving Average

MAGIC/USDT 4-Hour Chart Showing 200-MA and 50-MA (Source: TradingView)

A 4-hour MAGIC (MAGIC) 50-day Moving Averages (MAs) chart is shown above. According to the chart above, MAGIC is currently trending bullish. The candlesticks are above the 50-day moving average, indicating that the market is bullish. We can see that the golden cross occurred on January 15, 2023, and that MAGIC has continued to break its resistance areas since then.

If the bulls can reclaim their thrones, we can expect MAGIC to gain bullish momentum.

MAGIC Price Prediction 2023

MAGIC/USDT 4-Hour Chart (Source: TradingView)

Looking at the 4-hour chart of MAGIC/USDT, the MAGIC price has been down since it first got listed on major exchanges. MAGIC reached its highest at $2.3339 on the previous day. However, it cannot make a new high and has been consolidating since then. Moreover, MAGIC is above 200-day moving average, meaning that the market is entirely bullish.

Meanwhile, our long-term MAGIC price prediction for 2023 is bullish if it cannot break the support level. We can expect MAGIC to reach $4.18 this year.

MonthMinimum PriceAverage PriceMaximum Price
January 20231.68151.70491.7303
February 20232.01352.03692.0623
March 20232.14552.16892.1943
April 20232.46682.49022.5156
May 20232.79882.82222.8476
June 20232.87292.89632.9217
July 20233.04613.06953.0949
August 20233.37813.40153.4269
September 20233.55233.57573.6011
October 20233.70553.72893.7543
November 20233.98884.01224.0376
December 20234.16294.18634.2117

MAGIC Price Prediction – Resistance and Support Levels

MAGIC/USDT 4-hour Chart (Source: TradingView)

The chart above shows that the price of MAGIC has decreased drastically in the past few days. Moreover, MAGIC has been up by 13.88% in the past 24 hours. Suppose the previous price decrease a few days ago is a retrace during the bull run, it might be breaking its current resistance 1 and reaching higher than $3.

If MAGIC cannot break the $2.4886 level, the bears may seize control and dethrone MAGIC to a downtrend stance. In simple terms, the price of MAGIC might fall to almost the current 200-day moving average zone, which is $1.41, indicating a negative signal from the previous support level.

MAGIC Price Prediction 2024

There will be Bitcoin halving in 2024, and hence we should expect a positive trend in the market due to user sentiments and the quest by investors to accumulate more of the coin. Since the Bitcoin trend affects the direction of trade of other cryptocurrencies, we could expect MAGIC to trade at a price not below $6.8175 the end of 2023.

MonthMinimum PriceAverage PriceMaximum Price
January 20244.31274.33614.3615
February 20244.64474.66814.6935
March 20244.77674.80014.8255
April 20245.09805.12145.1468
May 20245.43005.45345.4788
June 20245.50415.52755.5529
July 20245.67735.70075.7261
August 20246.00936.03276.0581
September 20246.18356.20696.2323
October 20246.33676.36016.3855
November 20246.62006.64346.6688
December 20246.79416.81756.8429

MAGIC Price Prediction 2025

We should expect the price of MAGIC to trade above its 2024 price due to the possibility of most cryptocurrencies breaking more psychological resistance levels due to the Bitcoin halving over the previous year. Hence, MAGIC could end 2025 by trading at around $10.4327.

MonthMinimum PriceAverage PriceMaximum Price
January 20256.94396.96736.9927
February 20257.27597.29937.3247
March 20257.59597.61937.6447
April 20257.91727.94067.9660
May 20258.24928.27268.2980
June 20258.52338.54678.5721
July 20258.89658.91998.9453
August 20259.22859.25199.2773
September 20259.50279.52619.5515
October 20259.75599.77939.8047
November 202510.039210.062610.0880
December 202510.413310.436710.4621

MAGIC Price Prediction 2026

Since the maximum supply of MAGIC is approached by 2026, the bearish market that follows a MAGIC bullish run impacts its previous price due to the entrance of more institutional investors to its platform. With this, the cost of MAGIC could break the usual trend and trade at $14.0559 by the end of 2026.

MonthMinimum PriceAverage PriceMaximum Price
January 202610.563110.586510.6119
February 202610.895110.918510.9439
March 202611.215111.238511.2639
April 202611.536411.559811.5852
May 202611.868411.891811.9172
June 202612.142512.165912.1913
July 202612.515712.539112.5645
August 202612.847712.871112.8965
September 202613.121913.145313.1707
October 202613.375113.398513.4239
November 202613.658413.681813.7072
December 202614.032514.055914.0813

MAGIC Price Prediction 2027

Investors expect a bullish run next year, 2028, due to Bitcoin halving. Hence, the price of MAGIC could consolidate the previous gains and even break more psychological resistance levels due to investors’ positive sentiment. Therefore, MAGIC could trade at $17.67 by the end of 2027.

MonthMinimum PriceAverage PriceMaximum Price
January 202714.182314.205714.2311
February 202714.514314.537714.5631
March 202714.834314.857714.8831
April 202715.155615.179015.2044
May 202715.487615.511015.5364
June 202715.761715.785115.8105
July 202716.134916.158316.1837
August 202716.466916.490316.5157
September 202716.741116.764516.7899
October 202716.994317.017717.0431
November 202717.277617.301017.3264
December 202717.651717.675117.7005

MAGIC Price Prediction 2028

In 2028, there will be Bitcoin halving. Hence, the consolidating market in 2027 could be followed by a bullish run. This is due to the impact of news surrounding any year of Bitcoin halving. It is possible that the market could attain higher high values. MAGIC (MAGIC) could hit $21.29 by the end of 2028.

MonthMinimum PriceAverage PriceMaximum Price
January 202817.801517.824917.8503
February 202818.133518.156918.1823
March 202818.453518.476918.5023
April 202818.774818.798218.8236
May 202819.106819.130219.1556
June 202819.380919.404319.4297
July 202819.754119.777519.8029
August 202820.086120.109520.1349
September 202820.360320.383720.4091
October 202820.613520.636920.6623
November 202820.896820.920220.9456
December 202821.270921.294321.3197

MAGIC Price Prediction 2029

By 2029, there could be much stability in the price of most cryptocurrencies that had stayed for over a decade. This is due to implementing lessons learned to ensure their investors retain the project’s confidence. This impact, coupled with the price surge that follows a year after Bitcoin halving, could surge the price of MAGIC to $24.9135 by the end of 2029. Also, MAGIC is likely to break its ATH value.

MonthMinimum PriceAverage PriceMaximum Price
January 202921.420721.444121.4695
February 202921.752721.776121.8015
March 202922.072722.096122.1215
April 202922.394022.417422.4428
May 202922.726022.749422.7748
June 202923.000123.023523.0489
July 202923.373323.396723.4221
August 202923.705323.728723.7541
September 202923.979524.002924.0283
October 202924.232724.256124.2815
November 202924.516024.539424.5648
December 202924.890124.913524.9389

MAGIC Price Prediction 2030

The cryptocurrency market experienced high stability due to the holding activities of early investors so as not to lose future gains in the price of their assets. We expect the price of MAGIC (MAGIC) to trade at around $28.5327 by the end of 2030, irrespective of the previously bearish market that followed a market surge in the earlier years.

MonthMinimum PriceAverage PriceMaximum Price
January 203025.039925.063325.0887
February 203025.371925.395325.4207
March 203025.691925.715325.7407
April 203026.013226.036626.0620
May 203026.345226.368626.3940
June 203026.619326.642726.6681
July 203026.992527.015927.0413
August 203027.324527.347927.3733
September 203027.598727.622127.6475
October 203027.851927.875327.9007
November 203028.135228.158628.1840
December 203028.509328.532728.5581

MAGIC Price Prediction 2040

According to our long-term MAGIC price estimate, MAGIC prices could reach a new all-time high this year. If the current growth rate continues, we could anticipate an average price of $68 by 2040. If the market turns bullish, the price of MAGIC could go up beyond what we predicted for 2040.

Minimum PriceAverage PriceMaximum Price
$47$68$78

MAGIC Price Prediction 2050

According to our MAGIC forecast, the average price of MAGIC in 2050 might be above $38. If more investors are drawn to MAGIC between these years, the price of MAGIC in 2050 could be far higher than our projection.

Minimum PriceAverage PriceMaximum Price
$105$150$176

Conclusion

MAGIC might reach $4 in 2023 and $25 by 2030 if investors decide that MAGIC is a good investment along with mainstream cryptocurrencies like Bitcoin and Ethereum.

FAQ

What is Magic (MAGIC)? Treasure is the decentralized video gaming console that brings games and communities together through bottom-up driven IP and infrastructure, united by a shared set of composable resources. MAGIC is the utility token of Treasure, an Arbitrum-based NFT ecosystem.The Treasure ecosystem is underpinned by $MAGIC, a fair launch token that drives essential infrastructure and operates as a reserve asset across partner game cartridges. Mining creates a virtuous circle for both MAGIC and real treasures. MAGIC is perpetually placed in staking or LP positions, reducing the amount of tokens available.

How to buy MAGIC tokens? MAGIC can be traded on many exchanges like other digital assets in the crypto world. Binance, Coinbase, Sushiswap, Huobi, Gate.io and OKX are currently the most popular cryptocurrency exchanges for trading MAGIC.

Will MAGIC surpass its current ATH? Since MAGIC provides investors with several opportunities to profit from their crypto holdings, it is a good investment in 2023. Notably, MAGIC has a high possibility of surpassing its current ATH in 2025.

Can MAGIC reach $10 soon? MAGIC is one of the few active crypto assets that continue to rise in value. As long as this bullish trend continues, MAGIC might break through $6 and reach as high as $10. If the current market favoring crypto continues, it will likely happen.

Is MAGIC a good investment in 2023? MAGIC is expected to continue its upward trend as one of the fastest-rising cryptocurrencies. MAGIC is an excellent cryptocurrency to invest in this year, given its recent partnerships and collaborations that have improved its adoption.

What Is the lowest price of MAGIC? The lowest MAGIC price is $0.1837, attained on November 18, 2021, according to CoinMarketCap.

Which year was MAGIC launched? MAGIC was launched in 2022.

Who are the co-founders of MAGIC? John Patten and Gaarp founded MAGIC.

What is the maximum supply of MAGIC? There will be a maximum supply of 347,714,007 MAGIC.

How do I store MAGIC? MAGIC can be stored in a cold wallet, hot wallet, or exchange wallet.

What will be the MAGIC price in 2023? MAGIC price is expected to reach $4.18 by 2023.

What will be the MAGIC price in 2024? MAGIC price is expected to reach $6.8145 by 2024.

What will be the MAGIC price in 2025? MAGIC price is expected to reach $10.4327 by 2025.

What will be the MAGIC price in 2026? MAGIC price is expected to reach $14.0559 by 2026.

What will be the MAGIC price in 2027? MAGIC price is expected to reach $16.67 by 2027.

What will be the MAGIC price in 2028? MAGIC price is expected to reach $21.29 by 2028.

What will be the MAGIC price in 2029? MAGIC price is expected to reach $24.91 by 2029.

What will be the MAGIC price in 2030? MAGIC price is expected to reach $28.5327 by 2030.

What will be the MAGIC price in 2040? MAGIC price is expected to reach $68 by 2040.

What will be the MAGIC price in 2050? MAGIC price is expected to reach $150 by 2050.

Disclaimer: The views and opinions, as well as all the information shared in this price prediction, are published in good faith. Readers must do their research and due diligence. Any action taken by the reader is strictly at their own risk. Coin Edition and its affiliates will not be held liable for any direct or indirect damage or loss.

The post MAGIC Price Prediction 2023-2030: Will MAGIC Price Hit $4 Soon? appeared first on Coin Edition.

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