Magic Eden Price

Magic Eden Price Overview

The current Magic Eden price is 0.631900 €. The price has changed by 0.92% in the past 24 hours on trading volume of 7047989.37 €. The market rank of Magic Eden is 413 based on a market capitalization of 94848332.92 €. Magic Eden has a circulating supply of 150105622.69 ME. The highest recorded Magic Eden price is 16.160 €. And the lowest recorded ME price is 0.561859 €.

How do Magic Eden price movements correlate with market trends? Check our complete cryptocurrency exchange rate page for information at a glance.

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Start date:

3 years ago

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Analysing Magic Eden’s price history

Before buying any cryptocurrency, it’s worth doing your homework. That means analyzing the price history to look for recurring patterns and indicators that the price of your investment is more likely to rise than to fall.

Make sure your price prediction for Magic Eden matches your long-term and short-term financial goals.

There are countless ways to analyse crypto price performance and make a buying decision. Two of the most commonly used are technical analysis and fundamental analysis.

Technical analysis is valuable in crypto investing even if you don’t have access to years of historical price data in the Magic Eden chart. For example, with many cryptos, dramatic price drops and periods of high volatility have been followed by a sustained rise to new highs. There’s no guarantee that the pattern will be sustained in the future, but if it has been consistent in the past, it’s worth considering.

In fundamental analysis, you examine economic, financial, political, and social factors that influence prices. You collect information about interest rates, gross domestic product, manufacturing data, and unemployment rates to make informed predictions about stock prices.

News events are important too, especially economic indicators. Is the national bank raising interest rates? Are fiscal conservatives being elected? Have storms or droughts disrupted agriculture, tourism, and other industries?

Most investors find it best to apply both technical and fundamental analysis techniques when evaluating a purchase or sale.

Factors influencing the Price of Magic Eden

Many factors affect the value of Magic Eden.

The Magic Eden exchange rate sometimes moves with changes in the wider economy. And sometimes crypto moves the opposite direction. For example, many cryptos have made impressive gains despite bank failures and economic uncertainty in international financial markets. This may indicate that investors have turned away from risky banks and turned to crypto, which has delivered historic long-term benefits.

Government regulations have a great impact on the price of Magic Eden and other currencies. Tax policies, regulations regarding investments, mining restrictions, government plans for official digital currencies, and other developments can move the crypto market higher or lower.

Newsmakers increasingly influence crypto prices. When a billionaire entrepreneur tweets support for a particular coin or token, the price often goes up. More and more celebrities are promoting cryptos and NFTs to millions of followers on social media. The effects of these endorsements on crypto prices cannot be overstated. Watch for mentions of Magic Eden in the news, monitor ME on X. Visit the project’s online community at Discord or elsewhere. The better informed you are, the better the decisions you will be empowered to make.

Live Magic Eden value and market cap

The live Magic Eden exchange rate varies from moment to moment as transactions take place on exchanges all over the world. Given the volatility of cryptocurrencies, prices can rise or fall significantly in a short period.

The market capitalisation of Magic Eden is equal to the value of Magic Eden multiplied by the number of Magic Eden in circulation.

What payment methods can I use to buy Magic Eden

What can you do with your Magic Eden?

Buy Magic Eden with euros

Access Magic Eden tokens before they are listed on centralised exchanges. Get the best rates and purchase with your card or bank account, all on one platform.

Exchange Magic Eden

Swap some or all of your Magic Eden for any other crypto with ease. No crypto platform makes transactions as fast and convenient as Kriptomat.

Use Magic Eden

Use the Magic Eden you buy with the Kriptomat app to access Web3 dApps, DeFi applications, games, and NFT marketplaces.

Sell Magic Eden for euros

Simplify your life with the Web3 wallet that lets you sell your Magic Eden for euros in seconds. Easily withdraw to your bank account or bank card.

Earn Magic Eden

With Magic Eden, you can easily access DeFi with liquidity pools. Liquidity pools are funds that allow users to lend or borrow Magic Eden at competitive interest rates.

Hold your Magic Eden

Your Magic Eden tokens will be securely stored in your Kriptomat Web3 wallet. You can save it for a rainy day or until you’re ready to cash in.

How much is 1 Magic Eden worth?

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Magic Eden Price FAQ