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TürkçeTreasure Information
Treasure is carving a niche for itself in the ever-evolving cryptocurrency landscape by focusing on community-driven initiatives and innovative use cases. Its unique approach to governance empowers users to actively participate in decision-making, fostering a strong sense of belonging. As more individuals gravitate toward decentralized finance, Treasure's commitment to transparency and user engagement positions it as an attractive option for investors and enthusiasts alike.
Understanding Treasure (MAGIC): A Comprehensive Overview
Treasure (symbol: MAGIC) has emerged as a notable player in the cryptocurrency space, especially given its unique positioning and the community it has cultivated since its inception. This article delves into the advantages and disadvantages of the coin, its historical performance, and potential future trajectories.
Historical Performance: A Journey of Peaks and Valleys
Treasure was launched against a backdrop of volatility in the cryptocurrency market. Its all-time high (ATH) occurred on February 19, 2022, when it reached an impressive price of $6.32. However, this exuberance was followed by a significant downturn, with the current price hovering around $0.54, representing a staggering decline of approximately 91.39% since the ATH. Yet, it is worth noting that its all-time low (ATL) was recorded at $0.01999 on October 7, 2021. From this low point, the coin has surged over 2,600%, signifying a remarkable recovery over time.
Current Market Position: Analyzing Market Metrics
As of now, Treasure boasts a market capitalization of approximately $149.32 million with a circulating supply of about 274.46 million MAGIC tokens. Its total supply stands at 339.65 million, with a maximum supply of 347.71 million. Recent trading performance indicates a 24-hour price change of 7.38%, highlighting a degree of volatility that could present both opportunities and risks for investors.
Advantages of Treasure (MAGIC)
1. **Community-Driven Development**: One of the standout features of Treasure is its strong community backing. The developers have focused on engaging with users, which helps create a more robust ecosystem.
2. **Unique Use Cases**: Treasure has carved out a niche in the decentralized finance (DeFi) and non-fungible token (NFT) spaces, allowing it to appeal to a diverse audience. This versatility may provide resilience against market fluctuations.
3. **Recovery Potential**: Given its historical performance, there is a sentiment among some investors that MAGIC could rebound from its current pricing level, similar to how it performed following its all-time low.
Disadvantages of Treasure (MAGIC)
1. **High Volatility**: The significant price swings experienced by Treasure may deter risk-averse investors. The current price still reflects major losses from its ATH, suggesting that it could pose challenges in regaining previous heights.
2. **Market Competition**: Being part of the DeFi and NFT domain means that Treasure faces intense competition. Similar projects could overshadow its unique propositions if they develop stronger or more innovative solutions.
3. **Dependency on Market Trends**: Like many cryptocurrencies, Treasure's success is heavily reliant on the broader crypto market trends. Any downturn in confidence within the market could hinder its growth prospects significantly.
Future Outlook: Where Does Treasure Go From Here?
The future of Treasure appears to hinge on its ability to innovate within the DeFi and NFT landscapes. If it can harness its community-driven ethos to introduce compelling use cases, there is substantial room for growth. Additionally, with the overall market recovering from historic lows, Treasure could attract new investors and potentially regain some of its former value.
In conclusion, while Treasure (MAGIC) may still be in the shadow of its all-time highs, its strong community support and unique applications place it in an interesting position. However, potential investors should remain cautious of the inherent risks associated with volatility and competition within the crypto space.
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from price
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General Information |
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Title
Treasure
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Symbol
magic
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Whitepaper
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Website
-
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Community
-
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Last Updated
2025-01-18 23:49
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Price Data |
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Current Price $
0.436022
$
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High 24h
0.495831
$
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Low 24h
0.425154
$
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Price Change 24h
-0.056696591259164
$
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Price Change % 24h
-11.50689
%
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Market Data |
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Market Cap
126558226
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Total Volume
28848651
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Market Cap Change 24h
-15449479.787989
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Market Cap Change % 24h
-10.87932
%
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Return on Investment (ROI)
-
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Supply and Availability |
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Circulating Supply
290188364.51832
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Total Supply
347686668.97038
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Max Supply
347714007
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Historical Data |
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All Time High (ATH)
6.32
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ATH Change %
-93.10312
%
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ATH Date
2022-02-19 16:24
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All Time Low (ATL)
0.01999252
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ATL Change %
2081.46913
%
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ATL Date
2021-10-07 01:57
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