Magi (XMG) Live Price Chart & History

Price USD 2.53%
$0.026675
Price BTC
0.00000410
Volatility (7d)
@volatility_7d %
Volatility (30d)
@volatility_30d %
Market Cap USD
$0.2M
Market Share
Live XMG / USD Price Chart

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Since launching at $0.0692248 on 24/09/2014 Magi has achieved a price of $0.0266750324, falling -29.23% in the last week alone.

Magi Price Analysis: Predictions and Forecasts

Why buy Magi? What is it used for?

Coin MAGI is a digital payment solution. MAGI is decentralized and running constantly without downtime and the need of interference by intermediary, authorities and censorship. People can make payments using MAGI to anyone in the world freely. In the meantime, anyone can issue MAGI coins through their personal computers, and software-based mining or minting processes. MAGI is implemented utilizing the proof-of-work and proof-of-sake protocols. MAGI puts efforts on removing the competitive nature of mining, and particularly focuses on fairness, cost effective and energy efficiency when issuing coins and maintaining the public ledger and the blockchain system... With Coin Magi, anyone in the world can issue digital coins through their personal computers and a software-based minting process. Coin Magi removes the competitive nature of minting and offers an even playing field for anyone looking to issue currencies without expensive equipment. Coin Magi distinguishes itself from other counter parties by its fairness, cost effective and energy efficiency in maintaining the operation of the system.
Magi was launched in 24/09/2014. It uses the Proof of Work & Proof of Stake method of consensus, and is based on the M7M algorithm. Magi's goals include MAGI uses CPU mining to ensure fair mining and prevent miner centralization. Magi aims to set itself apart from other cryptocurrencies due to --

Will the price Magi fall continue to rise?

It's impossible to predict for sure if Magi is due for a crash or is headed to the moon, but this is what we do know:

  • In the past 7 days Magi has fallen by -29.23%
  • In the past month it has lost -166.92538491319%
  • In total it has fallen in value by $-0.0425497676 since its inception, a change of 38.53%

Can Magi reach, replace, pass or overtake bitcoin?

At present Magi is trading at 0.00000410 BTC. In order to reach Bitcoin's current price of $15000 USD it would need to grow by 24,390,243.9%. If we assume Magi continued to as it has in the last month - with a price change of -166.93% it would take NAN years just to reach Bitcoin's current price. To overtake bitcoin will take longer.

Price Targets:

If you're wondering if the price of XMG is going to take off and increase in price to a higher level we've done the math for you.
In order for Magi to reach $0.05 it needs to increase in price by a factor of 1.87x. Given its present growth rate of -166.93% per month, it could take just nan years to hit a price target of $0.05 USD

What is the probability of hitting $0.05 over time?

Time periodChance final price > $0.05Chance final price < $0.05
1 week0%100%
1 month0%100%
3 months0%100%
6 months0%100%
1 year0%100%
2 years0%100%
3 years0%100%
4 years0%100%
5 years0%100%
These probabilities are an illustration based on a Monte Carlo simulation, calculated on the past 30 days historical volatility. We make no claim for real world accuracy
In order for Magi to reach $0.10 it needs to increase in price by a factor of 3.75x. Given its present growth rate of -166.93% per month, it could take just nan years to hit a price target of $0.1 USD

What is the probability of hitting $0.10 over time?

Time periodChance final price > $0.1Chance final price < $0.1
1 week0%100%
1 month0%100%
3 months0%100%
6 months0%100%
1 year0%100%
2 years0%100%
3 years0%100%
4 years0%100%
5 years0%100%
These probabilities are an illustration based on a Monte Carlo simulation, calculated on the past 30 days historical volatility. We make no claim for real world accuracy
In order for Magi to reach $0.20 it needs to increase in price by a factor of 7.50x. Given its present growth rate of -166.93% per month, it could take just nan years to hit a price target of $0.2 USD

What is the probability of hitting $0.20 over time?

Time periodChance final price > $0.2Chance final price < $0.2
1 week0%100%
1 month0%100%
3 months0%100%
6 months0%100%
1 year0%100%
2 years0%100%
3 years0%100%
4 years0%100%
5 years0%100%
These probabilities are an illustration based on a Monte Carlo simulation, calculated on the past 30 days historical volatility. We make no claim for real world accuracy
In order for Magi to reach $0.25 it needs to increase in price by a factor of 9.37x. Given its present growth rate of -166.93% per month, it could take just nan years to hit a price target of $0.25 USD

What is the probability of hitting $0.25 over time?

Time periodChance final price > $0.25Chance final price < $0.25
1 week0%100%
1 month0%100%
3 months0%100%
6 months0%100%
1 year0%100%
2 years0%100%
3 years0%100%
4 years0%100%
5 years0%100%
These probabilities are an illustration based on a Monte Carlo simulation, calculated on the past 30 days historical volatility. We make no claim for real world accuracy
In order for Magi to reach $0.50 it needs to increase in price by a factor of 18.74x. Given its present growth rate of -166.93% per month, it could take just nan years to hit a price target of $0.5 USD

What is the probability of hitting $0.50 over time?

Time periodChance final price > $0.5Chance final price < $0.5
1 week0%100%
1 month0%100%
3 months0%100%
6 months0%100%
1 year0%100%
2 years0%100%
3 years0%100%
4 years0%100%
5 years0%100%
These probabilities are an illustration based on a Monte Carlo simulation, calculated on the past 30 days historical volatility. We make no claim for real world accuracy
In order for Magi to reach $1.00 it needs to increase in price by a factor of 37.49x. Given its present growth rate of -166.93% per month, it could take just nan years to hit a price target of $1 USD

What is the probability of hitting $1.00 over time?

Time periodChance final price > $1Chance final price < $1
1 week0%100%
1 month0%100%
3 months0%100%
6 months0%100%
1 year0%100%
2 years0%100%
3 years0%100%
4 years0%100%
5 years0%100%
These probabilities are an illustration based on a Monte Carlo simulation, calculated on the past 30 days historical volatility. We make no claim for real world accuracy
In order for Magi to reach $5.00 it needs to increase in price by a factor of 187.44x. Given its present growth rate of -166.93% per month, it could take just nan years to hit a price target of $5 USD

What is the probability of hitting $5.00 over time?

Time periodChance final price > $5Chance final price < $5
1 week0%100%
1 month0%100%
3 months0%100%
6 months0%100%
1 year0%100%
2 years0%100%
3 years0%100%
4 years0%100%
5 years0%100%
These probabilities are an illustration based on a Monte Carlo simulation, calculated on the past 30 days historical volatility. We make no claim for real world accuracy
In order for Magi to reach $10.00 it needs to increase in price by a factor of 374.88x. Given its present growth rate of -166.93% per month, it could take just nan years to hit a price target of $10 USD

What is the probability of hitting $10.00 over time?

Time periodChance final price > $10Chance final price < $10
1 week0%100%
1 month0%100%
3 months0%100%
6 months0%100%
1 year0%100%
2 years0%100%
3 years0%100%
4 years0%100%
5 years0%100%
These probabilities are an illustration based on a Monte Carlo simulation, calculated on the past 30 days historical volatility. We make no claim for real world accuracy
In order for Magi to reach $15.00 it needs to increase in price by a factor of 562.32x. Given its present growth rate of -166.93% per month, it could take just nan years to hit a price target of $15 USD

What is the probability of hitting $15.00 over time?

Time periodChance final price > $15Chance final price < $15
1 week0%100%
1 month0%100%
3 months0%100%
6 months0%100%
1 year0%100%
2 years0%100%
3 years0%100%
4 years0%100%
5 years0%100%
These probabilities are an illustration based on a Monte Carlo simulation, calculated on the past 30 days historical volatility. We make no claim for real world accuracy

Is Magi a good investment? Is it safe to put my money into XMG?

No, it is not a 'good investment' to buy Magi, and given the market volatility it is certainly not safe either. We would urge you to not to consider buying or trading Magi as an investment but purely speculation.

It is certainly possible to profit from an increase in the value of XMG - and if you short the coin you might even profit from a crash in the market.

However with so much uncertainty in the market the best you can do is make an educated guess as to the direction of the price or the mood of the market. If you're not informed on the fundamentals that's pretty close to a gamble.

Remember, your capital is at risk.. Trading conditions can change at any time without prior notice. Buying, holding or trading is a high risk activity that may incur significant losses over a short period of time

Market Sentiment

How popular is Magi? Interest Over Time

Where is Magi most popular?

Magi Development + Team

There are @research_team_dev_size developers coding the source behind Magi There are no sales or marketing staff on the team which could impede the coin's growth.

Magi doesn't publish bios or social profiles of their team members, making it harder to understand who is behind the project.

The team is not active on the social media channels, which can be a troubling sign. Their blog is not regularly updated, making it hard to track progress on their work

.

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