Since it first started trading in 2021, the price of MAGIC, the native cryptocurrency of the Magic network, increased by 2,810.21%.
In this article, we are going to examine Magic price predictions for 2023, 2024, 2025, and 2030 and try to determine whether Magic can reach $ 10.00.
Magic price prediction key takeaways
Magic price prediction 2023
According to our Magic price prediction for 2023, MAGIC is expected to trade between $ 1.21 and $ 1.28, with an average price of $ 1.25. At the end of the year, MAGIC is expected to trade at $ 1.28.
Magic price prediction 2024
Magic is forecasted to reach a high of $ 2.78 next year, with an average MAGIC price of $ 1.77. On the low end, Magic is expected to bottom out at $ 1.06 in 2024. By the end of the year, we could see Magic change hands at $ 2.54.
Magic price prediction 2025
In 2025, Magic could see a peak price of $ 9.45 and a low of $ 2.35. The average Magic price prediction for 2025 is $ 5.63. By year’s end, MAGIC is expected to trade at $ 4.21.
Magic price prediction 2030
On a longer time scale, our Magic price forecast for 2030 projects MAGIC to reach a maximum price of $ 8.53. Conversely, MAGIC could trade as low as $ 6.74 during the year, whereas the average Magic price is predicted to move around $ 7.46. By the end of 2030, Magic is predicted to trade at $ 8.51.
Magic (MAGIC) overview
| Cryptocurrency | Magic |
|---|---|
| Ticker | MAGIC |
| Market Cap | $ 301.10M |
| 24H Trading Volume | $ 252.90M |
| Circulating Supply | 256.06M |
| Total Supply | 347.71M |
| 7-Day Price Change | 33.55% |
| 1-Month Price Change | 46.28% |
| 1-Year Change | 127.86% |
| Magic ROI | 2,810.21% |
| All-Time High | $ 6.49 |
| All-Time Low | $ 0.019993 |
With a circulating supply of 256.06M MAGIC, the Magic cryptocurrency project commands a market cap of $ 301.10M, good for the 167th spot in the crypto market.
In the last 24 hours, $ 252.90M worth of MAGIC changed hands across 36 crypto exchanges, with Binance accounting for the largest share of MAGIC trading volume.
Magic price history
The price of Magic has been trending in the negative direction in the past 24 hours, decreasing by -0.41% to $ 1.18. In the past week, Magic’s price gained 33.55%.
In addition, Magic gained 46.28% in the past month, having traded in the green zone in 17 of the last 30 days.
On a longer time horizon, Cardano saw positive price activity in the last 3 months, underscored by the 46.28% move to the top. Meanwhile, the price of MAGIC increased by 127.86% in the past year. Overall, Magic is trading up 2,810.21% since it first started trading in 2021.
Magic technical analysis
Based on technical indicators tracked by InvestMage, investor sentiment regarding Magic is currently bullish, with very high volatility score of 11.50% (volatility is a measure of an asset’s price fluctuations).
Magic is changing hands below the 200-day simple moving average (SMA), a common bullish signal. Also, the price of MAGIC is currently below the 50-day SMA, which is widely regarded as a bullish indicator.
The Fear & Greed Index, a popular measure of market sentiment, is 73 (Greed). Meanwhile, RSI (Relative Strength Index), a popular market momentum indicator, is at 75.83, indicating that MAGIC is changing hands in undervalued zone. Overall, there are 27 technical analysis indicators that indicate bullish market activity, and 3 that forecast bearish activity for Magic.
Magic price predictions 2023-2030
| Year | Minimum Price | Average Price | Maximum Price |
|---|---|---|---|
| 2023 | $ 1.21 | $ 1.25 | $ 1.28 |
| 2024 | $ 1.06 | $ 1.77 | $ 2.78 |
| 2025 | $ 2.35 | $ 5.63 | $ 9.45 |
| 2026 | $ 2.62 | $ 3.26 | $ 4.33 |
| 2027 | $ 2.75 | $ 4.14 | $ 6.79 |
| 2028 | $ 5.87 | $ 6.03 | $ 6.63 |
| 2029 | $ 6.33 | $ 8.22 | $ 11.93 |
| 2030 | $ 6.74 | $ 7.46 | $ 8.53 |
According to our long-term Magic prediction, the cryptocurrency is expected to reach a high point of $ 11.93 at some point in June 2029. On the other end of the spectrum, Magic could bottom out at $ 1.06 in January 2024. Per the prediction, Magic will have the highest average price of $ 8.22 in 2029.
With a brief overview of Magic price predictions for 2023 to 2030 in the rearview mirror, let’s dive deeper into separate yearly price predictions for MAGIC.
Magic price prediction 2024
| Month | Minimum Price | Average Price | Maximum Price |
|---|---|---|---|
| January | $ 1.06 | $ 1.20 | $ 1.33 |
| February | $ 1.11 | $ 1.25 | $ 1.35 |
| March | $ 1.19 | $ 1.31 | $ 1.39 |
| April | $ 1.33 | $ 1.45 | $ 1.56 |
| April | $ 1.51 | $ 1.94 | $ 2.78 |
| May | $ 1.64 | $ 2.02 | $ 2.40 |
| July | $ 1.87 | $ 2.06 | $ 2.30 |
| August | $ 1.62 | $ 1.86 | $ 2.20 |
| August | $ 1.53 | $ 1.83 | $ 2.04 |
| October | $ 1.74 | $ 1.99 | $ 2.27 |
| November | $ 1.82 | $ 2.09 | $ 2.31 |
| December | $ 1.83 | $ 2.23 | $ 2.60 |
In 2024, Magic is forecasted to trade in a price channel between $ 1.06 and $ 2.78. On average, MAGIC is expected to change hands at $ 1.77 during the year. The most bullish month per MAGIC could be May, when the currency could trade 136.29% higher than today.
Magic price prediction 2025
| Month | Minimum Price | Average Price | Maximum Price |
|---|---|---|---|
| December | $ 2.35 | $ 3.81 | $ 6.65 |
| February | $ 5.55 | $ 7.74 | $ 9.45 |
| March | $ 5.76 | $ 7.05 | $ 8.18 |
| May | $ 5.88 | $ 7.06 | $ 7.65 |
| May | $ 4.91 | $ 5.69 | $ 6.15 |
| June | $ 4.37 | $ 5.09 | $ 5.87 |
| July | $ 4.18 | $ 4.56 | $ 4.94 |
| August | $ 4.42 | $ 5.02 | $ 6.02 |
| September | $ 5.42 | $ 5.71 | $ 6.04 |
| November | $ 5.49 | $ 5.77 | $ 5.97 |
| November | $ 4.66 | $ 5.21 | $ 5.56 |
| December | $ 4.21 | $ 4.72 | $ 4.97 |
Generally speaking, Magic price prediction for 2025 is bullish. The MAGIC cryptocurrency is forecasted to hit a high point of $ 9.45 in February and reach a low of $ 2.35 in December. Overall, Magic is expected to trade at an average price of $ 5.63 in 2025.
Magic price prediction 2030
| Month | Minimum Price | Average Price | Maximum Price |
|---|---|---|---|
| January | $ 7.62 | $ 7.77 | $ 7.87 |
| January | $ 7.71 | $ 8.05 | $ 8.35 |
| March | $ 7.69 | $ 7.85 | $ 8.06 |
| April | $ 7.73 | $ 7.81 | $ 7.86 |
| May | $ 7.73 | $ 7.77 | $ 7.82 |
| July | $ 6.81 | $ 7.25 | $ 7.77 |
| July | $ 6.74 | $ 6.88 | $ 7.01 |
| August | $ 6.80 | $ 6.86 | $ 7.00 |
| September | $ 6.79 | $ 6.90 | $ 6.99 |
| October | $ 6.94 | $ 7.01 | $ 7.31 |
| November | $ 7.30 | $ 7.40 | $ 7.51 |
| December | $ 7.54 | $ 8.06 | $ 8.53 |
In the long term, Magic could reach a price of $ 8.53 in December. That’s a rather optimistic scenario, as MAGIC could trade as low as $ 6.74 in July. Overall, MAGIC’s price is projected to hover at around $ 7.46 in 2030, about 534.55% above the current price of $ 1.18.
Magic price prediction FAQs
According to InvestMage’s prediction, Magic could gain as much as 914.5% by 2029, making it a potentially good investment. Keep in mind that the prediction is not set in stone and we could easily see Magic either surpass or not reach the price targets outlined in this article.
Magic would need to gain 850.43% to reach $ 10.00. According to our prediction, Magic could hit $ 10.00 in June 2029.
In 2023, Magic is predicted to trade in a price range between $ 1.28 and $ 1.21, with the average price being $ 1.25. The average price is about 6.15% higher than Magic’s current price.
Magic is projected to trade in a price range between $ 2.78 and $ 1.06, with the average price of $ 1.77 throughout the year. The price of Magic is expected to increase by 50.7% in 2024 (compared to Magic’s current price).
Magic is forecasted to change hands in a price channel bound by $ 9.45 on the high end and $ 2.35 on the low end. Magic is expected to have an average price of $ 1.77 in 2025, which is about 378.58% higher than Magic’s current price of $ 1.18.
The Magic price algorithm predicts that MAGIC will move between $ 8.53 and $ 6.74 in 2030, with the average price being $ 7.46, about 534.55% higher compared to MAGIC’s current price.
According to the InvestMage predictions, Magic is expected to go up in value by 50.7% by next year. In 2024, the MAGIC cryptocurrency could trade up 378.58% compared to today. By 2030, Magic’s price is expected to increase by 534.55%, and reach $ 7.46.
The price of Magic is algorithmically predicted using historical market price data for MAGIC and a combination of technical indicators, including RSI, Stoch RSI, SMA50, SMA200, EMA, and several others.
About the Author: Dave N. Clarke
