Magnetic (MAG) FAQ

Question 1

What determines the price movement of Magnetic (MAG)?

Accepted Answer

There are two schools of thought when it comes to determining the price of a cryptocurrency like Magnetic.
By way of intrinsic value: Intrinsic value is typically assessed through on-chain metrics, project metrics, and financial metrics of Magnetic, collectively known as <0>fundamental analysis. Factors such as the law of supply and demand, tokenomics, use case, project roadmap, and the regulatory and governance environment will influence the long-term value of Magnetic. By way of price action: <0>technical analysis , using candlestick chart patterns and indicators like MACD, RSI, and Bollinger Bands, forecasts the price of Magnetic on the basis that history tends to repeat itself.
Since candlestick charts reflect market sentiment, news announcements and community sentiment can also significantly influence the price action of Magnetic. Long-term investors usually favor fundamental analysis, while short-term traders often depend on technical analysis. In practice, combining both approaches can yield intriguing scenarios for Magnetic and the broader cryptocurrency market.

Question 2

What is the highest price of Magnetic price in history?

Accepted Answer

Magnetic achieved the all-time high of 8630.93 in 2024-12-04, and is currently trading at 6692.72.

Question 3

What is the lowest price of Magnetic price in history?

Accepted Answer

Magnetic reached its all-time low of  948.53 on 2024-11-22.

Question 4

What is the current market cap of Magnetic?

Accepted Answer

The current market cap of Magnetic is  , as  MAG is trading at the price of 6692.72.

Question 5

How many Magnetic are there in the market?

Accepted Answer

There are currently  MAG circulating in the market. These Magnetic can be actively traded or used in the open market.

Question 6

What is the maximum supply of Magnetic?

Accepted Answer

The maximum supply of MAG is 2500 , which includes its circulating supply, locked or staked supply, and the supply that has yet to be mined, minted, or created.

Question 7

What is the fully diluted market cap (or FDV) of Magnetic?

Accepted Answer

At the moment, the fully diluted market cap, also called the fully diluted value (FDV) of Magnetic is 16731800.000. The FDV is calculated taking the assumption that all supply of Magnetic is circulation, multiplied by its current price of  6692.72.

Question 8

What is the price prediction of Magnetic ?

Accepted Answer

Using an algorithm to automatically identify historical data trends, this <0>Magnetic price prediction adjusts its forecast from time to time based on current market conditions. With advanced machine learning, this prediction tool can help investors gauge market probabilities before making investment decisions.

Question 9

Is Magnetic a good investment?

Accepted Answer

Magnetic offers a good potential ROI due to its inherent volatility, which presents numerous profit opportunities. However, this volatility is a double-edged sword, making it suitable for investors with high risk tolerance and a strong financial position. It is crucial to remember that Magnetic and the broader crypto market are subject to extreme market conditions, regulatory changes, social media influence, and other unpredictable factors. Therefore, it is advisable to exercise risk management and <0>do your own research (DYOR) before investing in Magnetic.

Question 10

How to buy Magnetic?

Accepted Answer

You can buy Magnetic via Gate by following the steps on <0>how to buy MAG once you have funded your account.

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