MAGIC Price Prediction 2023-2030: Will MAGIC Price Hit $4 Soon?

• MAGIC (MAGIC) price prediction ranges from $1.1812 to $4.25.
• Analysis suggests that the MAGIC price might reach above $4.03 soon.
• The MAGIC bearish market price prediction for 2023 is $1.4199.

Aside from Bitcoin (BTC) and Ethereum (ETH), there are other digital currencies worth considering for people looking to diversify their portfolios and get experience with new cryptocurrencies, MAGIC (MAGIC) is one of them.

The Treasure metaverse is a decentralized non-fungible token (NFT) ecosystem for metaverse projects, and MAGIC is its native token. The MAGIC token is the only token used for market transactions and is also used to control ecosystem activity.

If you are interested in the future of MAGIC and want to know its predicted value for 2023, 2024, 2025, and 2030, keep reading!

Magic (MAGIC) Market Overview

What is Magic (MAGIC)?

Treasure is the decentralized video gaming console that brings games and communities together through bottom-up driven IP and infrastructure, united by a shared set of composable resources. MAGIC is the utility token of Treasure, an Arbitrum-based NFT ecosystem.

The Treasure ecosystem is underpinned by $MAGIC, a fair launch token that drives essential infrastructure and operates as a reserve asset across partner game cartridges. Mining creates a virtuous circle for both MAGIC and real treasures. MAGIC is perpetually placed in staking or LP positions, reducing the amount of tokens available.

Over time, Treasure aspires to establish itself as the epicenter of decentralization within the NFT ecosystem. The DAO will start developing decentralized rivals to current NFT goods, utilizing this income to launch new initiatives and advance ongoing ones. The development of decentralized crypto-economic primitives that may serve as “real world” economic assets is facilitated by MAGIC, which functions as a flywheel to boost decentralization in the metaverse.

Furthermore, the MAGIC mine’s architecture generated substantial rewards for users who were prepared to lock up their MAGIC for extended periods. These users were crucial in developing liquidity for the protocol and showed tremendous faith in its future. This group proved to be the greatest protocol stewards and hence the best viable DAO trustees.

Analysts’ Views on MAGIC (MAGIC)

Investors are shilling on Twitter that investing in MAGIC was worth it.

Also analysts believe that we can expect MAGIC to rise higher than the current price zone.

MAGIC Current Market Status

MAGIC (MAGIC), which has a total supply of 339,645,510 MAGIC, is trading at over $0.628 on CoinMarketCap. The 24-hour trading volume for MAGIC is $29,625,479, up by 45.55%. And during the past 24 hours, the price of MAGIC has decreased by 0.32%.

The most well-liked crypto exchanges for trading MAGIC are Binance, Coinbase, Sushiswap, Huobi, Gate.io and OKX. Let’s continue looking at MAGIC prices until 2023.

MAGIC Price Analysis 2023

On CoinMarketCap’s list of the largest cryptocurrencies, MAGIC is ranked 148th by market capitalization. Will the most recent MAGIC additions, upgrades, and tweaks lead to a price increase? Let’s first concentrate on the MAGIC price projection charts from this article.

MAGIC Price Analysis – Keltner Channel

When volatility bands are placed on each side of an asset’s price, the Keltner Channel can be used to detect a trend. The Keltner Channel signals for MAGIC/USDT can be used to forecast the price of MAGIC (MAGIC). The price is approaching the upper trendline of the channel’s first half, indicating that the market has risen slightly after falling for several days. We should wait for a reversal or a better entry point in order to increase the reward-to-risk ratio and achieve a better risk-free situation.

MAGIC Price Analysis – Relative Strength Index

The RSI is more stable during uptrends than during downtrends. It makes sense, given that the RSI measures gains and losses. During an upswing, more big gains result in a higher RSI. In contrast, the RSI tends to stay at lower values. The 1-hour chart number is 68.08, and an RSI value above 50 indicates that the market is now in an uptrend. However, it’s close to the reversal zone of RSI 70 where we can expect a few retracements can happen. Investors should wait for more confirmation patterns before entering the trader to lower the potential risks.

MAGIC Price Analysis – Moving Average

A 4-hour MAGIC (MAGIC) 50-day Moving Averages (MAs) chart is shown above. According to the chart above, MAGIC is currently trending bullish. The candlesticks are above the 50-day moving average, indicating that the market is bullish. We can see that the golden cross occurred on January 15, 2023, and that MAGIC has continued to break its resistance areas since then.

If the bulls can reclaim their thrones, we can expect MAGIC to gain bullish momentum.

MAGIC Price Prediction 2023

Looking at the 4-hour chart of MAGIC/USDT, the MAGIC price has been down since it first got listed on major exchanges. MAGIC reached its highest at $2.3339 on the previous day. However, it cannot make a new high and has been consolidating since then. Moreover, MAGIC is above 200-day moving average, meaning that the market is entirely bullish.

Meanwhile, our long-term MAGIC price prediction for 2023 is bullish if it cannot break the support level. We can expect MAGIC to reach $4.18 this year.

MAGIC Price Prediction – Resistance and Support Levels 

The chart above shows that the price of MAGIC has decreased drastically in the past few days. Moreover, MAGIC has been up by 13.88% in the past 24 hours. Suppose the previous price decrease a few days ago is a retrace during the bull run, it might be breaking its current resistance 1 and reaching higher than $3.

If MAGIC cannot break the $2.4886 level, the bears may seize control and dethrone MAGIC to a downtrend stance. In simple terms, the price of MAGIC might fall to almost the current 200-day moving average zone, which is $1.41, indicating a negative signal from the previous support level.

MAGIC Price Prediction 2024

There will be Bitcoin halving in 2024, and hence we should expect a positive trend in the market due to user sentiments and the quest by investors to accumulate more of the coin. Since the Bitcoin trend affects the direction of trade of other cryptocurrencies, we could expect MAGIC to trade at a price not below $6.8175 the end of 2023.

MAGIC Price Prediction 2025

We should expect the price of MAGIC to trade above its 2024 price due to the possibility of most cryptocurrencies breaking more psychological resistance levels due to the Bitcoin halving over the previous year. Hence, MAGIC could end 2025 by trading at around $10.4327.

MAGIC Price Prediction 2026

Since the maximum supply of MAGIC is approached by 2026, the bearish market that follows a MAGIC bullish run impacts its previous price due to the entrance of more institutional investors to its platform. With this, the cost of MAGIC could break the usual trend and trade at $14.0559 by the end of 2026.

MAGIC Price Prediction 2027

Investors expect a bullish run next year, 2028, due to Bitcoin halving. Hence, the price of MAGIC could consolidate the previous gains and even break more psychological resistance levels due to investors’ positive sentiment. Therefore, MAGIC could trade at $17.67 by the end of 2027. 

MAGIC Price Prediction 2028

In 2028, there will be Bitcoin halving. Hence, the consolidating market in 2027 could be followed by a bullish run. This is due to the impact of news surrounding any year of Bitcoin halving. It is possible that the market could attain higher high values. MAGIC (MAGIC) could hit $21.29 by the end of 2028. 

MAGIC Price Prediction 2029

By 2029, there could be much stability in the price of most cryptocurrencies that had stayed for over a decade. This is due to implementing lessons learned to ensure their investors retain the project’s confidence. This impact, coupled with the price surge that follows a year after Bitcoin halving, could surge the price of MAGIC to $24.9135 by the end of 2029. Also, MAGIC is likely to break its ATH value.

MAGIC Price Prediction 2030

The cryptocurrency market experienced high stability due to the holding activities of early investors so as not to lose future gains in the price of their assets. We expect the price of MAGIC (MAGIC) to trade at around $28.5327 by the end of 2030, irrespective of the previously bearish market that followed a market surge in the earlier years.

MAGIC Price Prediction 2040

According to our long-term MAGIC price estimate, MAGIC prices could reach a new all-time high this year. If the current growth rate continues, we could anticipate an average price of $68 by 2040. If the market turns bullish, the price of MAGIC could go up beyond what we predicted for 2040.

MAGIC Price Prediction 2050

According to our MAGIC forecast, the average price of MAGIC in 2050 might be above $38. If more investors are drawn to MAGIC between these years, the price of MAGIC in 2050 could be far higher than our projection.

Conclusion

MAGIC might reach $4 in 2023 and $25 by 2030 if investors decide that MAGIC is a good investment along with mainstream cryptocurrencies like Bitcoin and Ethereum.

FAQ

Disclaimer: The views and opinions, as well as all the information shared in this price prediction, are published in good faith. Readers must do their research and due diligence. Any action taken by the reader is strictly at their own risk. Coin Edition and its affiliates will not be held liable for any direct or indirect damage or loss.