Magic Eden
ME
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Magic Eden price
€0.087102
-- (--)
EUR
Last updated on --.
About Magic Eden
Magic Eden’s recent prices
Past year
-89.86%
€0.86
3 months
-51.63%
€0.18
30 days
-11.41%
€0.10
7 days
-1.56%
€0.09
Magic Eden performance
€0.087102
Magic Eden price today
Magic Eden price today is €0.087102, marking a +4.00% over the past 24 hours. On OKX, today’s Magic Eden trading volume reached 70,667,218, worth over €6.16M.
€19.51
Magic Eden all-time high
Magic Eden achieved its all-time high price of €19.51 on Dec 10, 2024, (UTC+8). At today's price of €0.087102, Magic Eden price is now -99.56% lower than its historic high.
$0.101
Magic Eden in USD
The current Magic Eden to USD conversion rate is $0.101 per Magic Eden.
Disclaimer
The social content on this page ("Content"), including but not limited to tweets and statistics provided by LunarCrush, is sourced from third parties and provided "as is" for informational purposes only. OKX does not guarantee the quality or accuracy of the Content, and the Content does not represent the views of OKX. It is not intended to provide (i) investment advice or recommendation; (ii) an offer or solicitation to buy, sell or hold digital assets; or (iii) financial, accounting, legal or tax advice. Digital assets, including stablecoins and NFTs, involve a high degree of risk, can fluctuate greatly. The price and performance of the digital assets are not guaranteed and may change without notice.
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OKX does not provide investment or asset recommendations. You should carefully consider whether trading or holding digital assets is suitable for you in light of your financial condition. Please consult your legal/tax/investment professional for questions about your specific circumstances. For further details, please refer to our Terms of Use and Risk Warning. By using the third-party website ("TPW"), you accept that any use of the TPW will be subject to and governed by the terms of the TPW. Unless expressly stated in writing, OKX and its affiliates (“OKX”) are not in any way associated with the owner or operator of the TPW. You agree that OKX is not responsible or liable for any loss, damage and any other consequences arising from your use of the TPW. Please be aware that using a TPW may result in a loss or diminution of your assets. Product may not be available in all jurisdictions.
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Learn more about Magic Eden (ME)
What's Magic Eden?
Magic Eden is a decentralized marketplace for non-fungible tokens (NFTs), primarily focused on the Solana blockchain. It aims to provide a seamless platform for users to buy, sell, and trade digital collectibles. By offering a user-friendly interface and low transaction fees, Magic Eden addresses the need for efficient NFT transactions, making it accessible for both creators and collectors.
How does Magic Eden work?
Magic Eden operates on the Solana blockchain, known for its high throughput and low transaction costs. It utilizes a proof-of-stake consensus mechanism, which enhances scalability and energy efficiency. The platform supports smart contracts, enabling automated and secure NFT transactions. Magic Eden's technical infrastructure ensures fast processing times, making it a popular choice for NFT enthusiasts seeking a reliable marketplace.
What's the total supply of Magic Eden?
Magic Eden does not have a native token with a fixed supply like traditional cryptocurrencies. Instead, it facilitates transactions of NFTs, which are unique digital assets with their own supply dynamics. The platform's tokenomics are influenced by the demand for NFTs and the activity within the marketplace, rather than traditional minting or burning mechanisms.
What determines Magic Eden's price?
The price of NFTs on Magic Eden is influenced by their utility, demand, and rarity. Network usage on the Solana blockchain, market sentiment towards NFTs, and the regulatory environment can also impact prices. Additionally, competition from other NFT marketplaces may affect the perceived value of NFTs traded on Magic Eden. These factors collectively shape the market dynamics without guaranteeing any specific price trends.
Pros and cons of Magic Eden
- Pros:
- Low transaction fees due to Solana's efficiency
- Fast transaction speeds
- User-friendly interface
- Growing NFT ecosystem
- Cons:
- Limited to Solana blockchain
- Market volatility
- Regulatory uncertainties
- Competition from other NFT platforms
How do I store my Magic Eden?
Users can interact with Magic Eden by connecting a Solana-compatible wallet to buy, sell, or trade NFTs. NFTs can be acquired through auctions or direct purchases. For storage, users should use secure wallets and safeguard private keys. OKX may support transactions involving Solana-based assets. Always be cautious of phishing attempts and ensure compliance with local regulations, as availability may vary by jurisdiction.
Guides
Find out how to buy Magic Eden
Getting started with crypto can feel overwhelming, but learning where and how to buy crypto is simpler than you might think. Kickstart your journey on the OKX mobile app, or right here on the web.
Predict Magic Eden’s prices
How much will Magic Eden be worth over the next few years? Check out the community's thoughts and make your predictions.
View Magic Eden’s price history
Track your Magic Eden’s price history to monitor your holdings’ performance over time. You can easily view the open and close values, highs, lows, and trading volume using the table below.
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Magic Eden FAQ
Magic Eden can offer strong returns, but is also subject to market volatility. Whether it’s a good investment depends on your risk tolerance, goals, and market conditions. Magic Eden’s price can be influenced by various factors such as adoption, regulation, technological advancement, and overall market sentiment. Always do your own research before buying Magic Eden and never buy more than you can afford to lose. This content is for informational purposes only and isn’t financial advice.
To buy Magic Eden at a low price, monitor the market closely and use tools like price alerts and technical indicators to keep you updated on price trends. Always do your own research and use secure platforms. This content is for informational purposes only and isn’t financial advice.
Depending on where you’re located, you can use bank transfer, credit/debit card, or Peer-to-Peer. Read our guide on how to use these different payment methods to buy Magic Eden ME safely on a trusted exchange like OKX.
Currently, one Magic Eden is worth €0.087102. For answers and insight into Magic Eden's price action, you're in the right place. Explore the latest Magic Eden charts and trade responsibly with OKX.
To read this Magic Eden price chart, hover over or click on the time period you want to view. Hover over the chart to view the corresponding price, displayed in your local currency.
Yes, Magic Eden’s price is updated in real-time on our Magic Eden price page. You can view the current price and historical price data here at all times.
Countries and regions differ on how digital assets transactions and holdings are taxed and how they view digital assets in general (money, property, commodity). In general, it is expected that you will pay capital gains tax when selling or swapping Magic Eden ME. Refer here for a more detailed guide.
Staking and earning rewards with Magic Eden are subject to local restrictions. Log in or sign up to view products available in your country, region, or state of residence.
Market cap
€43.78M
Circulating supply
502.63M / 1B
All-time high
€19.51
24h volume
€6.16M
Rating
4.6 / 5
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