MAGIC Soars 250% Behind: Familiar Tactics and Danger Signals
In just two days, the price of MAGIC skyrocketed by 250%, and this trading strategy seems familiar! Once a game token of TreasureDAO, it suddenly announced a cross-industry transformation into an 'AI Partner', introducing the concept of 'electronic pet AI to help play games and trade cryptocurrencies'.
Once the news broke, the community went viral, and the price soared, with retail investors rushing in, fantasizing about 'old trees blossoming'. Coupled with a general rise in the GameFi sector, tokens like ENJ and XAI also surged, making MAGIC, once a popular coin, a 'potential stock' in the eyes of retail investors.
However, this seemingly enticing market hides traps. Countless historical cases prove that chasing after rising prices and selling in panic is just waiting to harvest new investors, and blindly following the trend could very likely lead to total loss!
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