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$MAGIC 6. The Magic of Mid-position
Magic is a gaming platform that I have been paying attention to. At the beginning of the year, the Lighthouse game was very popular for a while, and then it returned to calm. Under the arb ecosystem, project parties have not received preferential treatment, and now they have shifted to the zksync ecosystem, also conducting token swaps with zk project parties. Moreover, based on elastic chain technology, it has launched its own game chain within the zksync system.
On the day the game chain was released, it coincided with the recent downturn, immediately rebounding to break previous highs, and then it fell again. It could be that the project party was dumping news to sell off, haha. But it doesn’t matter; we are in a long cycle. As a game chain, there are not many that are fundamentally better than Magic. IMX and Ron are somewhat better, but their market caps are not low. In terms of potential growth in the later stages, Magic surpasses them. After all, it has a market cap of just over 100 million. Currently, I think it is a good entry point; the price of 0.42 is already very cheap. Benchmarking against IMX and Ron's tens of billions of FDV, I believe Magic has huge speculative space and is one of the tenfold targets in a bull market.
Magic is a gaming platform that I have been paying attention to. At the beginning of the year, the Lighthouse game was very popular for a while, and then it returned to calm. Under the arb ecosystem, project parties have not received preferential treatment, and now they have shifted to the zksync ecosystem, also conducting token swaps with zk project parties. Moreover, based on elastic chain technology, it has launched its own game chain within the zksync system.
On the day the game chain was released, it coincided with the recent downturn, immediately rebounding to break previous highs, and then it fell again. It could be that the project party was dumping news to sell off, haha. But it doesn’t matter; we are in a long cycle. As a game chain, there are not many that are fundamentally better than Magic. IMX and Ron are somewhat better, but their market caps are not low. In terms of potential growth in the later stages, Magic surpasses them. After all, it has a market cap of just over 100 million. Currently, I think it is a good entry point; the price of 0.42 is already very cheap. Benchmarking against IMX and Ron's tens of billions of FDV, I believe Magic has huge speculative space and is one of the tenfold targets in a bull market.
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