Magic Carpet Ride PriceMAGIC

There are two schools of thought when it comes to determining the price of a cryptocurrency like Magic Carpet Ride.
By way of intrinsic value: Intrinsic value is typically assessed through on-chain metrics, project metrics, and financial metrics of Magic Carpet Ride, collectively known as fundamental analysis. Factors such as the law of supply and demand, tokenomics, use case, project roadmap, and the regulatory and governance environment will influence the long-term value of Magic Carpet Ride.
By way of price action: technical analysis , using candlestick chart patterns and indicators like MACD, RSI, and Bollinger Bands, forecasts the price of Magic Carpet Ride on the basis that history tends to repeat itself.
Since candlestick charts reflect market sentiment, news announcements and community sentiment can also significantly influence the price action of Magic Carpet Ride.
Long-term investors usually favor fundamental analysis, while short-term traders often depend on technical analysis. In practice, combining both approaches can yield intriguing scenarios for Magic Carpet Ride and the broader cryptocurrency market.

Magic Carpet Ride achieved the all-time high of $0.005433 in 2024-03-08, and is currently trading at $0.0004818.

MAGIC reached its all-time low of $0.0003121 on 2024-08-05.

The current market cap of Magic Carpet Ride is --, as -- MAGIC is trading at the price of $0.0004818.

There are currently -- MAGIC circulating in the market. These Magic Carpet Ride can be actively traded or used in the open market.

The maximum supply of MAGIC is 100.00M , which includes its circulating supply, locked or staked supply, and the supply that has yet to be mined, minted, or created.

At the moment, the fully diluted market cap, also called the fully diluted value (FDV) of Magic Carpet Ride is $48.18K. The FDV is calculated taking the assumption that all supply of Magic Carpet Ride is circulation, multiplied by its current price of $0.0004818.

Using an algorithm to automatically identify historical data trends, this Magic Carpet Ride price prediction adjusts its forecast from time to time based on current market conditions. With advanced machine learning, this prediction tool can help investors gauge market probabilities before making investment decisions.

Magic Carpet Ride offers a good potential ROI due to its inherent volatility, which presents numerous profit opportunities. However, this volatility is a double-edged sword, making it suitable for investors with high risk tolerance and a strong financial position. It is crucial to remember that Magic Carpet Ride and the broader crypto market are subject to extreme market conditions, regulatory changes, social media influence, and other unpredictable factors. Therefore, it is advisable to exercise risk management and do your own research (DYOR) before investing in Magic Carpet Ride.

You can buy Magic Carpet Ride via Gate.io by following the steps on how to buy MAGIC once you have funded your account.