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Treasure Price Prediction: What’s the MAGIC Behind Recent Gains? 

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Treasure Price Prediction: What’s the MAGIC Behind Recent Gains? 
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Treasure is a decentralized gaming platform that hosts a network of interconnected metaverse projects. It runs on Arbitrum which is an Ethereum layer 2 scaling solution. 

Its native token is MAGIC which serves as a cross game currency for the treasure metaverse. Players can earn and use MAGIC tokens by playing various games on the platform, such as Bridgeworld, Beacon and Realm. 

Users can also stake MAGIC tokens to govern the platform and support other gaming communities. It also features Treasure and Legions, which are in-game NFT items and characters that can be traded and used across different games.

 

Treasure Price Prediction: What’s the MAGIC Behind Recent Gains? 
Source: CoinMarketCap

Treasure crypto price has surged over 7.27% in the past 24 hours and was trading at $1.16 at the time of writing. The price has bounced back from the recent support, suggesting the presence of buyers at the support. 

The long term trend is positive which has dragged the sellers into a defensive mode and further price surge may initiate another short covering among the sellers. 

The technical indicators – 50-day and 200-day EMAs imply a positive outlook in the long term. The EMAs may act as a dynamic support if the price comes closer. Moreover, the RSI indicator currently is hovering above the mean line, suggesting strength in the trend. 

Treasure Price Prediction 2024

Treasure Price Prediction: What’s the MAGIC Behind Recent Gains? 
Source: MAGIC/USD by TradingView

The long term trend is bullish and might continue to be so in the next year. The analysts are bullish about the price trend and expect the price to reach a high of $1.8005 by the year end. Moreover, the bearish view of analysts expect the price to reach a high of $1.481 by 2024. 

Treasure Price Prediction 2025

The most optimistic analyst forecast for the Treasure coin expects the price to reach a high of $2.47 with a potential gain of 113% from the CMP. The minimum forecasted price by the end of 2025 is $1.917.

Treasure Price Prediction 2026

Over the next two years, the Treasure crypto may attain a high of $2.941. Whereas the lowest price that the crypto may attain is $2.192.

Treasure Price Prediction 2027

The most optimistic price target that the MAGIC crypto may achieve by 2027 is $3.608. On the other hand, the least price target up to which the crypto may reach is $2.662. 

Treasure Price Prediction 2028

Till 2028, the overall crypto market may see more exposure and evolve more. On the most optimistic side, the MAGIC crypto price may reach a high of $4.47. On the flip side, the most pessimistic price that MAGIC crypto may attain is assumed at $3.266. 

Treasure Price Prediction 2029

As per the analysts, MAGIC price may rise as high as $5.85 by the next five years. However, the pessimistic view of analysts expects the price to reach $4.43.

Disclaimer

The views and opinions stated by the author, or any people named in this article, are for informational purposes only and do not establish financial, investment, or other advice. Investing in or trading crypto or stock comes with a risk of financial loss. 

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