Treasure is a decentralised NFT ecosystem built specifically for metaverse projects on Arbitrum. Every project on Treasure’s marketplace makes use of MAGIC in their respective metaverses, with each community creating their own lore and storytelling for this resource.
MAGIC, Treasure’s native token, is the only currency accepted in marketplace transactions. As a result, MAGIC serves as the reserve currency for the entire web of metaverses linked by the Treasure umbrella. MAGIC connects treasure projects, both narratively and economically. The DAO uses MAGIC emissions to fund new projects while continuing to support existing ones. Bridgeworld, the central metaverse in Treasure, is where MAGIC is harvested. Bridgeworld’s resource economy is divides into three parts: MAGIC (Power), Treasures (NFT | Resources), and Legions (NFT | Players). Let us review MAGIC price
MAGIC Price Prediction
Bullish Scenario: If MAGIC manages to break above the resistance level at $4.0141 then it would be bullish. If it gains some momentum and buying pressure builds up then we might test the next resistance level at $4.3587 and $4.6763. Breaking above the $4.6763 price level with significant buying volume will lead to a good chance of crossing above $5.1863.
Bearish Scenario: MAGIC has been in a downtrend channel since the last few weeks. But If the current support level $3.6474 doesn’t hold then it will hit $3.3993 and below sooner or later.
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