MAGIC Gains 58% As It Gears Up For Integration With Abstractchain

MAGIC, the native token of Treasure DAO, has seen a significant surge of 58% as it gears up for integration with Abstractchain, a blockchain project focused on streaming and gaming.

Treasure DAO’s ecosystem, which encompasses games and NFTs, may drive demand for the MAGIC token. This collaboration will help to facilitate seamless NFT creation, trading, and user engagement on Abstract’s consumer chain.

Combining MAGIC’s marketplace expertise with Abstract’s robust blockchain infrastructure lowers barriers to entry for creators and collectors.

Market Reaction and Analysts’ Viewpoints

The market reaction to MAGIC’s surge and potential integration with AbstractChain has been overwhelmingly positive, with analysts sharing various viewpoints.

Michaël van de Poppe suggests avoiding the first area of interest for entries due to the high risk of sharp pullbacks, targeting a second, potentially more stable entry zone around $0.50-$0.52

TradeCityPro also identifies key resistance levels at $0.7101 and $0.9344, with a primary chart resistance at $1.4473.

Additionally, Alexa Crypto recommends a cautious approach, monitoring price action before entering positions, with potential entry points near $0.4511 and a stop-loss at $0.3811.

About MAGIC and AbstractChain

MAGIC is the native token of Treasure DAO, a decentralized gaming ecosystem that utilizes NFTs and GameFi technologies. Its recent surge has brought it to a very significant value.

The trading volume has increased, with a 24-hour volume of $484.78 million. The market capitalization currently stands at $61.79 million, with a circulating supply of 307.92 million MAGIC tokens. With the current growing ecosystem and potential collaborations, MAGIC’s future looks promising.

On the other hand, AbstractChain is a blockchain project focused on streaming and gaming, utilizing zkSync and EigenDA technologies to offer fast and low-cost transactions. It has launched its NFTs and tokens on OpenSea, enabling users to trade and earn experience points.

The potential partnerships or collaborations between AbstractChain and other projects, such as MAGIC, will be of great significance to both parties involved.