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Information about Magic Eden (ME)
Magic Eden is a leading multi-chain NFT marketplace supporting NFTs on Solana, Ethereum, Polygon, and Bitcoin. Currently, it is the largest and most renowned NFT marketplace on the Solana network, where it was initially launched.
The platform allows users to create, buy, sell, and collect NFTs, offering creators the opportunity to monetize their work and build communities around their art. Magic Eden users benefit from low gas fees and fast transaction times when trading NFTs on Solana. Additionally, Magic Eden provides features such as an NFT launchpad, and a non-custodial wallet available as a browser extension.
ME is a native coin of the Magic Eden ecosystem, operating on Solana according to SPL standard, and can be used to:
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News
ME trading volume is $74.52m. Market capitalization reaches $193.82m.
ME trading volume is $114.51m. Market capitalization reaches $204.92m.
ME trading volume is $93.5m. Market capitalization reaches $200.68m.
Magic Eden (ME) is experiencing a resurgence, reaching a price of 4 USD, up from its previous lows. This is a significant recovery after the token had hit an all-time HIGH of 13.2 USD before undergoing market-induced corrections.
Trading volume for ME exploded by 130%, hitting 1.17 billion USD. This increase exemplifies renewed investor interest as the market sentiment transitions from bearish to bullish, with expectations of a prosperous NFT season fueling Optimism.
Experts speculate that ME’s price could rise to 50 USD with increasing demand for NFTs. However, the token would need to increase by 70-75% to return to its previous HIGH, with technical indicators giving mixed signals on future performance.
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