The Block • Sep 27, 23
Bitcoin’s correlation with equities continuing to diverge
The correlation between bitcoin and equities will continue to diverge over the coming months due to the Fed's continued monetary tightening.
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4.6
Create a Coinbase account to buy and sell MAGIC on the most secure crypto exchange.
Market cap
$125.8M
Volume (24h)
$80.0M
Circulating supply
237.3M MAGIC
Typical hold time
12 days
Popularity
#90
All time high
$6.32
Price change (1h)
+2.1%
Price change (24h)
+4.17%
Price change (7d)
+13.21%
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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.
The price of MAGIC has risen by 13.21% in the past 7 days. The price increased by 4.17% in the last 24 hours. In just the past hour, the price grew by 2.10%. The current price is $0.53 per MAGIC. MAGIC is 91.54% below the all time high of $6.32.
The current circulating supply is 237,311,292.571 MAGIC.
Average ratings from the community
4.6 out of 5
751 ratings
Community
4.6
(250)
Roadmap
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Usefulness
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This content is for informational purposes only.
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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.
MAGIC (MAGIC) is an essential resource of the Treasure metaverse. Treasure is a decentralized NFT ecosystem built for metaverse projects. Treasure is governed by DAO (Decentralized Autonomous Organization).According to its whitepaper, the platform is powered by non-fungible tokens (NFTs) that divert imagination into productive and yield-bearing assets. The protocol is prepared to be increasingly inadequate as it threads an ever-growing web of narrative bridges within the metaverse. The Treasure protocol aims to permit communities to bootstrap new and decentralized metaverses. Bootstrapping is launching and operating a business employing personal finances or operational revenue. In addition, the platform also aims to expand Treasure metaverse and bridge partner ecosystems.
Further, MAGIC is the native token of the Treasure platform. The token is utilized to manage the Treasure ecosystem activities. The token is the only currency for marketplace trades. MAGIC is also the reserve currency for the entire web of metaverses linked under the Treasure. The players in the ecosystem tend to earn MAGIC tokens through playing, mining, and participating in Bridgeworld. Bridgeworld is a central metaverse location in Treasure. The MAGIC token is employed in staking or Liquidity Pool that regularly works, leaving fewer tokens in circulation.
John Patten and Gaarp are the co-founders of the MAGIC ecosystem. John Patten is also a creative advisor of the platform. The total supply of the token is 178,029,559 MAGIC tokens.
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Conversion Table
MAGIC/CAD (Canadian Dollar)
CA$0.72
MAGIC/JPY (Japanese Yen)
¥79.79
MAGIC/INR (Indian Rupee)
₹44.44
MAGIC/BRL (Real)
R$2.69
MAGIC/EUR (Euro)
€0.51
MAGIC/NGN (Nigerian Naira)
NGN 415.78
MAGIC/KRW (South Korean Won)
₩721.25
The Block • Sep 27, 23
Bitcoin’s correlation with equities continuing to diverge
The correlation between bitcoin and equities will continue to diverge over the coming months due to the Fed's continued monetary tightening.
Read more
Decrypt • Sep 27, 23
You Can Now Trade Bitcoin Mining Hashpower on Arbitrum
The Lumerin Hashpower Marketplace creates a novel method for decentralizing Bitcoin's global hashrate and makes mining accessible to retail investors.
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Unchained • Sep 27, 23
SEC Chair Gensler Says Bitcoin Isn’t a Security
Appearing before the U.S. House Financial Services Committee on Wednesday, Securities and Exchange Commission (SEC) Chair Gary Gensler said that bitcoin (BTC) isn’t a security but stopped short of calling the digital asset a commodity. The sentiment echoed Gensler’s previously more lenient stance on
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CoinDesk • Sep 27, 23
The Protocol: Google Pushes Deeper into Blockchain
Google's cloud-computing division is increasingly involved in blockchain, with plans to add 11 networks including Polygon, Optimism, and Polkadot to its 'BigQuery' program for public datasets.
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CoinDesk • Sep 27, 23
With All Eyes on a Spot Bitcoin ETF Approval, Don’t Sleep on ETH (or ETHE)
There’s a better trade than buying Grayscale’s GBTC if you’re optimistic the SEC will approve crypto ETFs.
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The Block • Sep 27, 23
FalconX participates in $3 million seed round for DeFi portfolio manager Bril Finance
Bril Finance raised $3 million in seed funding from FalconX, Kosmos Ventures and the Algorand Foundation. It also officially launched on Sei.
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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 $125.75M. 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 $80.04M.
Assets that have a similar market cap to MAGIC include Standard Tokenization Protocol, Symbol, Galxe, and many others. To see a full list, see our comparable market cap assets.
The current circulating supply of MAGIC is 237 million.
The median time that Coinbase customers hold MAGIC before selling it or sending it to another account or address is 12 days.
MAGIC ranks 224 among tradable assets on Coinbase. Popularity is currently based on relative market cap.
Yes, MAGIC is currently available on Coinbase’s centralized exchange. For more detailed instructions, check out our helpful how to buy MAGIC guide.
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.