What is Magic Eden?
Magic Eden (ME) is an altcoin currently ranked 546th by market capitalization across all crypto assets we track. It trades alongside other digital assets across centralized and decentralized venues globally.
Market position
At the current price of $0.0961, Magic Eden carries a market capitalization of $16.06M. Daily trading volume across exchanges sits at roughly $3.96M. That works out to a 24-hour turnover of about 24.67% of the float — elevated turnover, often a signal of active narrative-driven trading.
Price action across timeframes
Over the past 24 hours, Magic Eden has moved ++1.90%; over the past week, Magic Eden has moved -13.19%. Short-term and long-term direction diverge here, which often happens at inflection points where a trend is either reversing or pausing.
Volatility profile
Recent price action puts Magic Eden in the Moderate-volatility bucket. The asset shows the kind of price movement common in mid-cap crypto assets — meaningful but not unusual.
How to evaluate Magic Eden
A balanced read on ME typically considers three lenses:
- Network & on-chain activity — does usage justify the valuation? Live activity (above) should ideally trend up over time.
- Cycle position — current price relative to ATH (above) sets the risk/reward asymmetry. Closer to ATL is mathematically lower downside; closer to ATH is higher downside.
- Comparable assets — how is ME performing against the broader crypto market (BTC, total market cap) and against peers in the same sector? The benchmarks chart on this page shows this directly.
This page combines live market data, on-chain stats where available, exchange-by-exchange volume, and our forecast model so you can answer those three questions in one place. Nothing on this page is investment advice — it's a structured starting point for your own due diligence.