MAGIC (Treasure) fell 0.42% in the last 24 hours.

Gate News Bot news, on November 13, according to CoinMarketCap, as of the time of writing, MAGIC (Treasure) is currently priced at 0.13 USD, with a 0.42% fall in the last 24 hours, reaching a high of 0.16 USD and a low of 0.11 USD. The current market capitalization is approximately 41.4 million USD, which is a decrease of about 174,300 USD compared to yesterday.

Important news about MAGIC recently:

1️⃣ MAGIC Newton Foundation Redefines Fair Token Issuance The MAGIC Newton Foundation has launched a new token issuance mechanism called NEWT, aimed at improving the fairness and transparency of token issuance. This innovation may attract more investors' attention to the MAGIC ecosystem, but its short-term impact on price is limited.

2️⃣ Abracadabra protocol suffers from flash loan attack Hackers exploited flash loan attack methods to steal approximately $13 million worth of Magic Internet Money from the Abracadabra protocol. This security incident may raise investor concerns about the safety of DeFi projects, indirectly affecting market confidence in MAGIC.

3️⃣ The MAGIC ecosystem continues to expand MAGIC, as the native token of the Treasure ecosystem, is continuously expanding its application scenarios. With the development of the ecosystem, the practicality and demand for MAGIC may increase, but it has not yet provided significant support for the price.

From a technical perspective, the price of MAGIC fluctuates between $0.11 and $0.16, indicating a certain level of market uncertainty. In the short term, investors may pay more attention to the follow-up developments of security incidents and the progress of ecosystem expansion.

This message is not an investment suggestion, and investors should be aware of market volatility risks.