What Magic powers
Magic is a gaming / NFT-ecosystem token, currently ranked 509th by market capitalization among the assets we track. Magic is a gaming- or NFT-ecosystem token: it is meant to be the currency or governance asset inside a game economy or digital-collectible platform. Its value is supposed to track how many people actually play and trade.
MAGIC is a cryptocurrency that powers the Treasure ecosystem, a decentralized community-driven gaming platform. It aims to bridge traditional gaming and blockchain technology, enabling users to earn and trade in-game assets.
How game-economy tokens hold value
Magic has to balance rewarding players with not flooding the market. Sustainable in-game sinks for the token matter as much as sources, or emissions simply outrun demand.
MAGIC is not mined; it is issued as a token rather than secured by its own mining or staking layer.
Background & fundamentals
Magic first went live in 2021, giving it roughly 5 years of on-chain price history to draw on. CoinPaprika classifies the project's development status as "Working product". In sector terms it is most often filed under Arbitrum Ecosystem, Ethereum (ETH) Token (ERC-20), and NFT Token.
Where Magic sits in the market
With MAGIC near $0.0426, Magic carries a market capitalization of $13.42M. Around $2.40M changes hands across exchanges in a typical 24-hour window. That is a turnover of about 17.92% of the float — elevated, often a sign of narrative-driven trading.
Almost the entire MAGIC supply is already in circulation (~100.0% of the 347.7M cap), so future dilution is effectively off the table. MAGIC remains -98% beneath its all-time high of $2.28, the kind of gap that historically takes a full cycle or a fresh catalyst to close.
What the price history shows
The tape currently reads 24-hour -2.17%, 7-day -0.77%. Within its stored 365-day daily history, MAGIC mounted a low-to-high run of roughly 155% at its strongest stretch.
Volatility profile
Recent action puts Magic in the Moderate-volatility band — it shows the kind of price movement common in mid-cap crypto assets — meaningful but not unusual.
How to evaluate a gaming token like Magic
For an asset of this type, three lenses matter most:
- Player activity — real, retained users inside the game or platform behind MAGIC.
- Token sinks — whether the economy has durable demand for MAGIC beyond reward emissions.
- Studio execution — the team's ability to ship and sustain a product people actually want to use.
This page pulls live market data, on-chain stats where available, exchange-by-exchange volume, and our forecast model into one view so you can work through those questions in a single place. None of it is investment advice — it is a structured starting point for your own research.
