Magnetix Price

Magnetix Price Overview

The current Magnetix price is 0.000918000 €. The price has changed by 20.31% in the past 24 hours on trading volume of 167691.83 €. The market rank of Magnetix is 3547 based on a market capitalization of 918862.20 €. Magnetix has a circulating supply of 999998401.91 MAG. The highest recorded Magnetix price is 0.032871160 €. And the lowest recorded MAG price is 0.000702190 €.

How do Magnetix 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 Magnetix’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 Magnetix 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 Magnetix 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 Magnetix

Many factors affect the value of Magnetix.

The Magnetix 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 Magnetix 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 Magnetix in the news, monitor MAG 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 Magnetix value and market cap

The live Magnetix 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 Magnetix is equal to the value of Magnetix multiplied by the number of Magnetix in circulation.

What payment methods can I use to buy Magnetix

What can you do with your Magnetix?

Buy Magnetix with euros

Access Magnetix 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 Magnetix

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

Use Magnetix

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

Sell Magnetix for euros

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

Earn Magnetix

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

Hold your Magnetix

Your Magnetix 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 Magnetix worth?

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MAG/CHF
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Magnetix Price FAQ