MAGIC4 skyrocketed 4 times in 4 days, is the chain game track revived?

Answer: The chain game track is dead, but the MAGIC project team is very good at creating hype!

1. The MAGIC token has been promoting the dual concept of DAO and Gamefi since its launch until a few days ago. The MAGIC project team has integrated the strengths of YGG and GALA projects. Although it missed the biggest profit period in the chain game, it has made substantial profits through strong operations and viral traffic capabilities, always emerging strongly with popular games combined with market-making, earning a large cash flow over the years. (Treasure DAO adopts a decentralized governance mechanism, and community members can participate in proposals and voting by holding MAGIC tokens)

2. Starting 4 days ago, the MAGIC token, which seemed to have fallen to a low point, skyrocketed 4 times in 4 days, reaching the current 0.26, but with a circulating market value of 84 million, it is still significantly lower than YGG and GALA's market values.

3. Market-making is just one of the means of MAGIC. At the same time, the project team is shouting about a GAMEFI revolution, connecting AI, DEFI, and NFT to retell the story of play-to-earn. These two sets of strategies have recently attracted a large amount of capital and traffic.

4. Unfortunately, this cycle no longer has the soil for chain games to survive; otherwise, MAGIC would definitely continue to explode. Although the coin's rise is fierce, analyzing the data reveals that the project team has already started to gradually sell off and cash out.

5. MAGIC's daily, weekly, and monthly charts have already surged, continuously topping the Binance gain leaderboard with huge daily trading volume, so it is not recommended to short. Unless you, like me, wake up at 5 AM to short at a high position and quickly take profits!

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