Magic
Current price
$0.1084
−3.04%24h
LiveUpdated 14s ago
TodayMagic falls 3.0%, in line with the market.
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View as table
| Time | Price |
|---|
Change by period
- 1 hour+1.40%
- 24 hours−3.04%
- 7 days+67.28%
- 30 days+153.91%
- 1 year−21.10%
Magic's move in context
Moving with the market
−3.04% today, close to the whole market (−3.24%). Nothing specific to Magic stands out in the price.
Part of a climb
+67.3% over 7 days and +153.9% over 30 days: the recent move continues the monthly direction.
This is analysis of past prices, not a prediction or financial advice.
About Magic
Overview
Magic is a next-generation cryptocurrency designed to facilitate decentralized finance (DeFi) solutions and empower developers to create innovative applications on the blockchain. Its core mission is to provide a secure, scalable, and efficient environment that fosters financial inclusion and democratizes access to financial services. Distinguishing features of Magic include its unique governance model, support for cross-chain interoperability, and a vibrant ecosystem that encourages community participation. With a focus on simplicity and user experience, Magic aims to bridge the gap between traditional finance and the emerging world of decentralized digital assets.
Technical Features
Magic employs a proof-of-stake (PoS) consensus mechanism, which allows token holders to participate in the validation of transactions and the security of the network by staking their tokens. This not only enhances network efficiency but also incentivizes active community participation. The security model of Magic incorporates advanced cryptographic techniques, ensuring robust protection against attacks and vulnerabilities. The network architecture is designed to be highly scalable, employing sharding and state channels to allow for high throughput and low latency transactions. Magic utilizes a proprietary algorithm that enhances transaction speed while minimizing fees, making it more attractive for everyday users and developers alike.
Use Cases
The primary use cases of Magic encompass a wide range of applications, particularly within the decentralized finance (DeFi) sector. Users can leverage Magic for lending, borrowing, and yielding farming, among other financial activities. Additionally, Magic supports governance mechanisms, allowing the community to vote on critical decisions that impact the ecosystem. The platform also facilitates the creation and trading of non-fungible tokens (NFTs), enabling artists and creators to monetize their work securely. Cross-border payments using Magic provide a cost-effective and fast solution for remittances, while its robust smart contract functionality allows developers to create and deploy decentralized applications (DApps) with ease.
Development Background
Magic was launched in 2021 by a team of experienced blockchain developers and financial experts who saw the need for a more inclusive financial system. Initial development was supported by partnerships with various blockchain organizations and funding from venture capitalists interested in the DeFi space. Since its inception, Magic has experienced significant milestones, including successful token sales and the launch of its decentralized exchange (DEX). Key updates have included enhancements to its underlying technology, community-driven initiatives, and collaborative projects that have bolstered its position in the market.
Community and Ecosystem
The Magic ecosystem is characterized by a passionate and engaged community that actively contributes to its growth and development. Various projects, including DeFi platforms, NFT marketplaces, and educational resources, have been built on the Magic blockchain. The community supports developers through grants and hackathons, fostering innovation and collaboration. Partnerships with established financial institutions and technology firms have expanded its reach and utility, creating a robust support network for users and developers alike.
Future Potential
The future potential of Magic is vast, thanks to its innovative technology, diverse use cases, and an evolving roadmap that includes upcoming features such as layer-2 scalability solutions and enhanced privacy protocols. As the DeFi landscape continues to grow, Magic is well-positioned to become a major player in the market. The focus on user experience and community governance indicates a commitment to continual improvement, making it an exciting project to watch in the cryptocurrency space. With ongoing developments and an expanding ecosystem, Magic is set to influence not only the future of finance but also the broader adoption of blockchain technology.
Magic market
- Position by market cap among the coins we track.
- #272
- Position by market cap among the coins we track.
- Price × coins in circulation. It measures a coin's size, not its quality.
- $34.14M
- Price × coins in circulation. It measures a coin's size, not its quality.
- The lowest and highest price in the last 24 hours. The dot marks the current price.
- Low $0.1030High $0.1194
- The lowest and highest price in the last 24 hours. The dot marks the current price.
- The highest price this coin has ever reached. The bar shows today's price as a share of it.
- $6.32
- Now 2% of itReached 19 Feb 2022 · Needs +5,730% to get back
- The highest price this coin has ever reached. The bar shows today's price as a share of it.
- Coins that exist now and can be traded.
- 314.94M MAGIC
- 91% of max
- Coins that exist now and can be traded.
- Every coin created so far, minus any destroyed, including coins that are locked up.
- 347.69M MAGIC
- Every coin created so far, minus any destroyed, including coins that are locked up.
- The most coins that can ever exist. Some coins have no limit.
- 347.71M MAGIC
- The most coins that can ever exist. Some coins have no limit.
Magic converter
1 Magic = $0.1084
