That $MAGIC which has held strong for two years in the bear market suddenly starts making moves!
As the 'lifeblood' of Treasure DAO, an established GameFi project on the Arbitrum chain, $MAGIC is like the 'gasoline' for the entire ecosystem—players need it to play games, trade equipment, and even for future game launches. When the market was cold, many similar projects failed, yet it managed to stabilize; now that the bear market has passed, funds are immediately sensing the opportunity to return.
Three obvious signals recently:
Big players are secretly hoarding: On-chain data shows that several whale addresses have recently been buying up aggressively, and the number of retail investors is quietly increasing, indicating that hot money is starting to flow back.
The gaming ecosystem has come alive: Several previously stagnant blockchain games have recently started frequent updates, and three new games are about to launch on the testnet, bringing the player community back to life.
Transaction data has surged: The on-chain transfer volume of $MAGIC has tripled in the past month, and the liquidity pool in decentralized exchanges is filled with more and more coins (which means fewer people want to sell and more want to buy).
Just look at the K-line; this asset has been consolidating in the 0.3-0.4 range for a full four months and has recently broken through the pressure level with significant volume.
Experienced traders know that this 'long accumulation must rise' pattern, combined with capital inflow, can easily lead to a big market movement.
Why do we say it might skyrocket?
Small market cap with high elasticity: The total market cap is only $180 million, which is even less than many obscure coins. But don't forget, it has real users and an established ecosystem; once the market starts, its growth will outpace those worthless coins in no time.
The GameFi trend is coming: Recently, Ethereum's upgrade and Bitcoin ETF approval have warmed up the entire crypto market. The gaming sector, being the easiest area for breakout applications, will definitely attract funds to these 'underlying assets' first, rather than those hype coins.
Current price is 0.45, building positions in batches.
Of course, there are no 100% certainties in the market. Stop loss below 0.38. However, based on the current capital trends and ecosystem development, the probability of this happening is low.
In the crypto space, projects that survive bear markets often thrive in bull markets. $MAGIC, a 'veteran' that has undergone tests of life and death, is genuinely a good value at this price point. Whether to get on board is up to you to weigh.
