By September 4, 2023, the price of Magic is expected to fall by -7.31% and hit $ 0.499452, according to our most recent price estimate. Technical indications suggest that the present mood is bearish, but the Fear & Greed Index reads 49 (Neutral). Over the past 30 days, Magic recorded 14/30 (47%) green days and 11.90% price volatility. Our Magic prediction indicates that this is a poor time to purchase Magic.
The predicted annual low Magic price for 2024 is $ 0.468294 based on historical price alterations and BTC halving cycles. Magic’s cost is anticipated to rise as high as $1.243481 in the coming year. Here is the predicted Magic price for each year up until using the same methodology.
Magic price prediction 2025
The current range for the Magic price projection for the year 2025 is between $1.051952 and $4.25. If MAGIC meets the upper price target, Magic might increase in value by 696.52% from its current price by 2025.
Magic price prediction 2030
The current range of the Magic price projection for 2030 is $3.07 on the low end and $3.88 on the high end. If Magic reaches the higher price objective by 2030, it might increase in value by 628.20% from its current pricing.
What is the Magic price prediction for this week?
Our Magic price prediction indicates that MAGIC will likely move this week between $ 0.538843 and $ 0.499452. If Magic hits the higher value target, it will decline by -7.31% and reach $ 0.499452 by September 04, 2023.
What is the Magic price prediction for next week?
The predicted range for the magic price for the coming week is $0.499452 on the low end and $0.468294 on the high end. According to our MAGIC price prediction chart, if the price of Magic achieves the top price objective, it will drop by -6.24% and reach $ 0.468294 by September 11, 2023.
What is the Magic price prediction for 2024?
Our Magic price prediction predicts that MAGIC will move between $ 0.468294 and $ 1.243481 during the course of the upcoming year. If magic increases to the higher value target for 2024, it will climb by 133.08% and reach $ 1.243481.
What is the Magic price prediction for 2025?
2025’s predicted magic price ranges from $ 1.051952 on the low end to $ 4.25 on the high end. According to our MAGIC price prediction chart, if Magic’s price reaches the upper price target, it might rise by 696.52% and reach $ 4.25.
What is the Magic price prediction for 2030?
The range of the predicted magic price for 2030 is $3.07 at the low end and $3.88 at the high end. According to our MAGIC price prediction chart, if Magic meets the upper price target, its price might increase by 628.20% and hit $ 3.88.
Will Magic reach $10?
To hit $10, Magic would need to increase by 1,774.44%. Our Magic forecasting system predicts that Magic will reach $10 in February 2037.
Will Magic reach $1,000?
To hit $1,000, Magic would need to increase by 187,344.37%. Our Magic price prediction algorithm predicts that it won’t go over $1,000. By January 1, 2049, our computer predicts that the highest projected price will be $ 39.04.
What is the Magic Fear & Greed Index and what does it indicate?
The Magic Fear & Greed Index currently reads 49, putting investor mood in the so-called Neutral zone.
The 30- and 90-day volatility, trading volume, social media activity, and Google Trends data are some of the market and investment indicators that are combined in the Fear & Greed Index. The Fear & Greed Index, which mostly draws its data from Bitcoin-related market data, can be a valuable indicator of the mood of Magic investors.
According to the Fear & Greed Index, the market is currently experiencing extreme fear (0–24), fear (25–49), neutral (50–50), greed (51–75), and extreme greed (76–100). While a dominantly optimistic emotion can be a good opportunity to sell, other traders view a dominantly negative feeling as a good opportunity to purchase.
Is it profitable to invest in Magic?
Magic experienced 14/30 (47%) green days over the previous 30 days. Our historical data indicates that it is not now lucrative to invest in Magic. In the previous year, Magic’s price fell by -8.24%.
Is Magic a good buy in 2023?
Several technical quantitative indicators point to a pessimistic outlook for Magic in 2023. This might be a sign that Magic isn’t a wise investment in 2023. Before deciding whether to acquire Magic or not, it’s crucial to take into account both technical (price history) and fundamental (on-chain activity and development) elements.
What is Magic’s 14-day RSI and what does it indicate?
The 14-day RSI for Magic is at 24.57, which shows that the stock is currently overpriced.
Relative Strength Index, or RSI, is a well-liked technical indicator that is used to evaluate the values of many different assets, including Magic. The RSI is most frequently applied over a period of 14 days. Market momentum is measured using the RSI. The RSI indicator produces readings from 0 to 100, with 30 and 70 being significant levels. The asset is currently undervalued if the RSI reading is below 30, and it is currently overvalued if the RSI reading is above 70.
Will Magic go back up?
According to our algorithm-generated Magic price projection, MAGIC’s price will drop by 10.12% in the following month to hit $ 0.593385 on September 29, 2023. Additionally, it is anticipated that Magic’s price will increase 62.84% over the following six months to reach $ 0.877437 on February 26, 2024. Last but not least, Magic is projected to trade at $ 1.159990 on August 29, 2024, after losing 115.27% of its value in a year.
How does our price prediction for Magic work?
Taking into account prior volatility and market movements, the CoinCodex Magic price prediction is computed using the historical Magic price dataset. The algorithm also makes use of the periodic halving of Bitcoin, which increases the demand-side pressure on BTC every four years. This has historically been crucial in cryptocurrency markets and is a key factor in developing a reliable Magic forecast.
Disclaimer
Remember, investing in cryptocurrencies involves risks, and it’s important to conduct thorough research and seek professional advice before making any financial decisions.
(Please keep in mind that this post is solely for informative purposes and should not be construed as financial or investment advice.)
