“Magic” Ethereum-Based Altcoin Explodes 138% As Coinbase Puts Crypto Assets On Roadmap

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Ethereum (ethereum) base altcoin mission has quietly outperformed the market in a parabolic rise following approval from high US cryptocurrency change Coinbase.

coin base To inform magic (magic) is now on the itemizing roadmap that the change has created as a technique to promote transparency and stop insider buying and selling at listings.

MAGIC is the token that powers Treasure DAO, a mission aiming to be a decentralized online game console that includes video games and non-fungible tokens (NFTs). The Treasure DAO infrastructure contains: Trovean NFT market on Ethereum scaling resolution Arbitrum, and a aggressive gaming platform referred to as bridge world.

MAGIC has a market cap of simply over $100 million and has seen a major enhance in the previous few days.

After hitting an area low of $0.23 on November twenty second, MAGIC consolidated for a couple of week earlier than Coinbase introduced it might put the altcoin on its itemizing roadmap.

MAGIC rapidly climbed to $0.62, up 169% from its November low and up 138% after Coinbase’s announcement.

On the time of writing, MAGIC is buying and selling at $0.53.

Coinbase has not but formally listed MAGIC, and belongings positioned on the change’s itemizing roadmap is not going to essentially obtain full help.

High US cryptocurrency change places MAGIC on the identical roadmap as decentralized governance platform Aragorn (ant) and Ethereum staking pool Rocket Pool (RPL).

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Featured Picture: Shutterstock/Salamahin/Mia Stendal

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