MAGIC (Treasure) rose by 19.10% in the last 24 hours.

Gate News Bot news, on October 14, according to CoinMarketCap data, as of the time of writing, MAGIC (Treasure) is currently priced at 0.15 USD, with a rise of 19.10% in the last 24 hours, reaching a high of 0.18 USD and a low of 0.05 USD. The current market capitalization is approximately 47.3 million USD, an increase of 7.58 million USD compared to yesterday.

Treasure is a game ecosystem built on blockchain. It includes multiple product lines, such as AI virtual companions, Smolworld games, and the Canopy project of Bridgeworld. The core of Treasure is the $MAGIC token, which is used for building, gaming, and evolution within the ecosystem. The project also offers an NFT marketplace and supports community governance.

Important news about MAGIC recently:

1️⃣ Magic Eden acquires the crypto trading app Slingshot Magic Eden announced the acquisition of the cryptocurrency trading app Slingshot, aiming to expand its business scope and enter the cryptocurrency trading field. This strategic acquisition is expected to enhance Magic Eden's overall strength, providing users with more diversified services, potentially indirectly promoting the development of the MAGIC ecosystem.

2️⃣ Magic Eden partners with Spark to promote fast Bitcoin settlements Magic Eden has partnered with Spark to provide fast and low-cost settlement solutions for the Bitcoin network. This collaboration could enhance the efficiency of Bitcoin transactions, create more application scenarios and user bases for the MAGIC ecosystem, and thereby strengthen its competitiveness in the cryptocurrency market.

3️⃣ Magic Link and Polygon Launch Cross-Chain Network PayPal-supported Magic Link and Polygon have launched a new cross-chain network aimed at breaking blockchain silos. This innovation may bring broader application prospects for the MAGIC token, enhancing its position in the cross-chain ecosystem and is expected to attract more users and developers to participate in the MAGIC ecosystem.

From a technical perspective, the price of MAGIC has seen a significant rise in the past 24 hours, breaking through the previous downtrend. This may be related to the positive developments in the ecosystem mentioned above, as the market gradually digests these favorable news. However, investors should remain cautious and pay attention to potential price corrections that may occur in the short term.

This message does not constitute investment advice, and investors should be aware of market volatility risks.