Magnet (MAG) Live Price Chart & History

Live MAG / USD Price Chart

Top Crypto Trading Platforms
Broker Rating MinDeposit Visit
5

$500

Visit Broker
5

$10

Visit Broker
Risk Warning: Your capital is at risk
5

$5

Visit Broker
4.5

€100

Visit Broker
4

€100

Visit Broker
3.5

$100

Visit Broker

Price USD -19.48%
$0.804579
Price BTC
0.00007603
Volatility (7d)
2.42 %
Volatility (30d)
4.19 %
Market Cap USD
$9.2M
Market Share
Since launching at $0.175362 on 23/11/2017 Magnet has achieved a price of $0.804579, falling -63.44% in the last week alone.

Magnet Price Analysis: Predictions and Forecasts

Why buy Magnet? What is it used for?

Magnet is community oriented, but at the same time we are driven by our vision so the network is able to withstand the intensity and speed of how everything in blockchain technology progresses. In the first Year lot of our attention will go towards Magnet Wallet. User experience will be overall smoother and richer in features. Masternode owners will have more tools at their disposal. Added tutorials and documentation will bring clarity to users on all levels of experience. New wallet (MW2.0) features will make developing on the Magnetwork available for other developers. All the features will be implemented step by step to preserve maximum network security while opening up to new possibilties... Magnet is a cryptocurrency based on the ideas of green mining, transparent network, accessibility to everyone, strong community focus and fairness. Our network is also built bearing in mind the innovation and future developments of the blockchain technology.
Magnet was launched in 23/11/2017. It uses the Proof of Work & Proof of Stake method of consensus, and is based on the X11 algorithm. Magnet's goals include Our network is designed so anyone can benefit from holding and supporting the coin. Magnet is community oriented, but at the same time we are driven by our vision so the network is able to withstand the intensity and speed of how everything in blockchain technology progresses. In the first Year lot of our attention will go towards Magnet Wallet. User experience will be overall smoother and richer in features. Masternode owners will have more tools at their disposal. Added tutorials and documentation will bring clarity to users on all levels of experience. New wallet (MW2.0) features will make developing on the Magnetwork available for other developers. All the features will be implemented step by step to preserve maximum network security while opening up to new possibilties..

Trading Magnet : The Best Platforms to trade MAG

The Best Cryptocurrency Brokers + Trading Platforms

Rating Bonus Description Minimum Deposit Regulation Visit
5
  • The leading Social Trading platform with 4.5m traders
  • Follow other traders or be a leader and earn
  • Personal service and VIP perks

$500

FCA,

Visit Broker
eToro Review
5
No Deposit
£25
+Deposit Bonus
  • Free forex signals + market research
  • Online education and webinars
  • Fee free withdrawals and deposits

$5

CySEC

Visit Broker
XM Review
5
  • Stylish & Powerful Platform
  • Trade Bitcoin + 12 Other Top Cryptocurrencies
  • Plus Forex, Options, Stocks & ETF Trading

$10

IQ

Visit Broker
IQOption Review
Risk Warning: Your capital is at risk
4.5
  • Choice of four professional trading platforms
  • Trusted & Secure: FCA authorised and regulated
  • Choice of Forex, CFDs, Spread Betting and Binary Options

€100

FCA

Visit Broker
ETX Capital Review
4
No deposit
£20
+ Up to £6000 on deposits
  • No commissions and low spreads
  • Advanced trading tools
  • Minimal account fees

€100

FCA,

Visit Broker
Plus500 Review
3.5
Cashback
$5000
on your trades
  • 24 hr Live Support
  • Fully Regulated and Licenced EU Broker
  • User- friendly trading platform

$100

CySEC

Visit Broker
UFX Review

Magnet Trading: How To Buy + Trade MAG

Many of the 'long tail' of cryptocurrencies are currently only available at a handful of exchanges, many of which will not accept direct US Dollar, GBP or EUR deposits. In order to make a trade, you need to:
  1. Create a Bitcoin, Litecoin or Ethereum wallet
  2. Create a Magnet wallet to recieve your coins
  3. Buy either BTC, ETH or LTC at an exchange you trust, making a deposit by bank transfer or credit card
  4. Transfer the major coin you have bought to an exchange that trades MAG
  5. Exchange your BTC, ETH or LTC for an amount of MAG, depending on the current exchange rate
  6. Move your Magnet coins from the exchange to your private wallet to protect yourself from hacks or bankcrupcy at the exchange

The downsides of trading MAG on an exchange

As you can see, the process for trading Magnet is not entirely straightforward or without risks. Exchanges are notorious for bad security and there have been several major incidents of hacking or an exchange 'going bust' with the losses to coin holders in the hundreds of millions. It is not safe to keep coins on any exchange, yet moving between exchanges or from an exchange to your wallet will incur fees.

Furthemore, its not uncommon for exchanges to go offline during periods of high volatility - means should the price of Magnet crash you may find yourself unable to trade out of the currency and into a safe haven due to their site crashing.

What's the alternative?

If you plan to trade, rather than buying to hold, we recommend trading with a CFD or forex broker. It may limit your choice of currency, but has considerable advantages:

  • The brokers are established and regulated by financial conduct authorities
  • Brokers regulated in Europe offer deposit protection: if they go bust your deposit will be refunded by the goverment (though not your open trades!)
  • Deposits and trades can be made directly in a currency you are comfortable with - USD, EUR or GBP. No need to calculate multiple exchange rates to know your profit.
  • Forex brokers are accustomed to high volatility and are better prepared for spikes of traffic. In a bear market, you should have a better chance of closing trades and getting your money out before Magnet goes to zero

You can see our list of featured trading platforms here

Will the price Magnet fall continue to rise?

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

  • In the past 7 days Magnet has fallen by -63.44%
  • In the past month it has gained 61.571397892789%
  • In total it has appreciated by $0.629217 since its inception, a change of 458.81%

Can Magnet reach, replace, pass or overtake bitcoin?

At present Magnet is trading at 0.00007603 BTC. In order to reach Bitcoin's current price of $15000 USD it would need to grow by 1,315,270.3%. If we assume Magnet continued to as it has in the last month - with a price change of 61.57% it would take 1.7079536604289 years just to reach Bitcoin's current price. To overtake bitcoin will take longer.

Price Targets:

If you're wondering if the price of MAG is going to take off and increase in price to a higher level we've done the math for you.
In order for Magnet to reach $1.00 it needs to increase in price by a factor of 1.24x. Given its present growth rate of 61.57% per month, it could take just 0.9 months 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 week35.3%64.6%
1 month42.8%57.1%
3 months45.8%54.1%
6 months47%52.9%
1 year47.9%52%
2 years48.5%51.4%
3 years48.8%51.1%
4 years48.9%51%
5 years49%50.9%
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 Magnet to reach $5.00 it needs to increase in price by a factor of 6.21x. Given its present growth rate of 61.57% per month, it could take just 7.4 months 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%99.9%
1 month6.4%93.5%
3 months19%80.9%
6 months26.7%73.2%
1 year33.1%66.8%
2 years37.8%62.1%
3 years40%59.9%
4 years41.3%58.6%
5 years42.2%57.7%
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 Magnet to reach $10.00 it needs to increase in price by a factor of 12.43x. Given its present growth rate of 61.57% per month, it could take just 10.2 months 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%99.9%
1 month1.7%98.2%
3 months11.2%88.7%
6 months19.5%80.4%
1 year27.3%72.6%
2 years33.5%66.4%
3 years36.4%63.5%
4 years38.1%61.8%
5 years39.4%60.6%
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 Magnet to reach $15.00 it needs to increase in price by a factor of 18.64x. Given its present growth rate of 61.57% per month, it could take just 11.8 months 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 month0.7%99.2%
3 months7.9%92%
6 months16%83.9%
1 year24.2%75.7%
2 years31%68.9%
3 years34.3%65.6%
4 years36.3%63.6%
5 years37.7%62.2%
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 Magnet to reach $25.00 it needs to increase in price by a factor of 31.07x. Given its present growth rate of 61.57% per month, it could take just 1.2 years to hit a price target of $25 USD

What is the probability of hitting $25.00 over time?

Time periodChance final price > $25Chance final price < $25
1 week0%100%
1 month0.2%99.7%
3 months4.9%95%
6 months12.1%87.8%
1 year20.6%79.3%
2 years28.1%71.8%
3 years31.7%68.2%
4 years34%65.9%
5 years35.6%64.3%
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 Magnet to reach $50.00 it needs to increase in price by a factor of 62.14x. Given its present growth rate of 61.57% per month, it could take just 1.4 years to hit a price target of $50 USD

What is the probability of hitting $50.00 over time?

Time periodChance final price > $50Chance final price < $50
1 week0%100%
1 month0%99.9%
3 months2.3%97.6%
6 months8%91.9%
1 year16.2%83.7%
2 years24.3%75.6%
3 years28.4%71.5%
4 years31.1%68.8%
5 years32.9%67%
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 Magnet to reach $100.00 it needs to increase in price by a factor of 124.29x. Given its present growth rate of 61.57% per month, it could take just 1.6 years to hit a price target of $100 USD

What is the probability of hitting $100.00 over time?

Time periodChance final price > $100Chance final price < $100
1 week0%100%
1 month0%99.9%
3 months1%98.9%
6 months5%94.9%
1 year12.4%87.5%
2 years20.7%79.2%
3 years25.3%74.6%
4 years28.2%71.7%
5 years30.3%69.6%
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 Magnet to reach $200.00 it needs to increase in price by a factor of 248.58x. Given its present growth rate of 61.57% per month, it could take just 1.9 years to hit a price target of $200 USD

What is the probability of hitting $200.00 over time?

Time periodChance final price > $200Chance final price < $200
1 week0%100%
1 month0%99.9%
3 months0.4%99.5%
6 months3%96.9%
1 year9.4%90.5%
2 years17.6%82.3%
3 years22.3%77.6%
4 years25.5%74.4%
5 years27.8%72.1%
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 Magnet to reach $300.00 it needs to increase in price by a factor of 372.87x. Given its present growth rate of 61.57% per month, it could take just 2.0 years to hit a price target of $300 USD

What is the probability of hitting $300.00 over time?

Time periodChance final price > $300Chance final price < $300
1 week0%100%
1 month0%100%
3 months0.2%99.7%
6 months2.2%97.7%
1 year7.8%92.1%
2 years15.8%84.1%
3 years20.7%79.2%
4 years23.9%76%
5 years26.3%73.6%
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 Magnet a good investment? Is it safe to put my money into MAG?

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

It is certainly possible to profit from an increase in the value of MAG - 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

Magnet Development + Team

There are 2 developers coding the source behind Magnet There are no sales or marketing staff on the team which could impede the coin's growth.

Magnet 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

.

Related Articles

  • Founded in 2007, eToro is the world’s leading social trading platform. During its inception, eToro’s founders set out to create an online trading...
  • XMCompany Overview XM is a trademark that has been registered by Trading Point Holdings Ltd., a company which owns a number of other trading...
  • Company Overview OlympTrade is a Russian mobile binary trading app that started in 2014 as a joint venture between two companies, Smartex...
  • Company Overview The company was established in 2008 and this company offers an online CFD service. Currently, Plus500 has a platform that has...
  • Company Overview Due to standing out in the financial world for years as a popular and customer-friendly binary options trading site, we took it upon...
  • Company Overview ETX Capital was originally established in 1973. ETX is the brand name used for the holding company Monecor Ltd. Currently, this...

Risk Warning

Your capital is at risk. Trading in Forex and Contracts for Difference (CFDs) is highly speculative and involves a significant risk of loss.  The information contained in this publication is not intended as an offer or solicitation for the purchase or sale of any financial instrument. This website is provided for informational purposes only and in no way constitutes financial advice. A featured listing does not constitute a recommendation or endorsement.

About ForexTrading.Company

Forex Trading.Company was established to provide global traders a deep and insightful source of information on forex trading, its key strategies and indicators. With guides for everyone from beginner traders in Bangladesh to advanced strategists in Hong Kong we want the world trading community to benefit from our in-depth broker reviews, features, and commentary. We list the world's top regulated and authorised brokers suitable for a global audience.

We aim to think global, act local with our website, so that whether you're in Asia, Europe or Africa you can gain from our content on the world's biggest market.

About Us & Contact Sitemap