It appears you're asking for a summary report on "MAGIC Coin." Here's a breakdown of what the current information suggests:
What is MAGIC?
* MAGIC is the native token for the Treasure metaverse, which is described as a decentralized video game console built on the Arbitrum network.
* Treasure aims to connect games and communities through user-generated intellectual property and infrastructure.
* MAGIC acts as the reserve currency within the Treasure ecosystem.
* It is used for marketplace transactions within Treasure's network of interconnected metaverses.
* MAGIC powers NFTs, turning them into assets that can potentially generate yield.
* It also serves as a governance token, allowing holders to vote on proposals and influence the project's future.
* Holders can also stake their MAGIC tokens for rewards.
Key Metrics (as of late April 2025):
* Price: Fluctuating around $0.0721 to $0.206 (sources show different real-time prices, indicating volatility).
* Market Capitalization: Approximately $22.01 Million to $62.99 Million USD (again, variations across sources).
* Circulating Supply: Around 305.27 Million MAGIC coins.
* 24-Hour Trading Volume: Significant fluctuations reported, ranging from $1.22 Million to $673.4 Million USD, indicating recent high market activity.
* Market Rank: Around #489 on some platforms.
* All-Time High: Approximately $6.32 (reached in February 2022).
* All-Time Low: Approximately $0.01999 to $0.0641 (reached at different times in the past).
Price Performance:
* Recent performance is volatile. Some sources indicate a increase in the last 24 hours and the past week, while others show a longer-term decrease over the past year.
* Compared to its all-time high, MAGIC is significantly down (around 98%).
Technical Analysis:
* Moving averages show mixed signals, with some indicating a short-term bullish trend and longer-term weakness.
* The Relative Strength Index (RSI) is generally in the neutral zone, suggesting neither overbought nor oversold conditions. However, some analysis points to potential bullish divergence, which could signal a price reversal.
Token Distribution (Initial Allocation):
* Treasure farm: 33%
* Mining: 25%
* Staking/Liquidity: 17%
* Ecosystem Fund: 15%
* Team: 10%
Overall Summary:
MAGIC is the central token of the Treasure metaverse, playing a crucial role in its economy, governance, and the functionality of its NFTs. While it has experienced significant price volatility, recent trading activity suggests renewed interest. The technical analysis presents a mixed outlook, and its long-term success is tied to the growth and adoption of the Treasure ecosystem.
It's important to note that the cryptocurrency market is highly dynamic, and these figures are subject to change rapidly. Always conduct your own thorough research before making any investment decisions.
