Magi Price for today is $0.0403544096. Its current circulating supply is XMG 9,032,177 with a market cap of $364,488.
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Currently, Magi (XMG) is trading at $0.0404 with XMG price 6.13% up today. The market cap of Magi is USD 364,488 with 9,032,177 xmg circulating currently. The 24-hour price movement chart indicates that $11 worth of XMG were trading. The price peaked to $0.0091 in the last 24 hours while the lowest price was $0.0078.
The coin offers a forecasted growth of 2140.399523% in a 5-year investment period. Which means it will almost hit the dollar mark at $0.9041 by 2023. CoinSwitch allows the checking and comparing of XMG rate with other cryptocurrencies for efficiently trading in Magi Coin in the simplest and most secure way possible. As an online cryptocurrency platform, CoinSwitch’s real-time Magi Coin price value chart enables cryptocurrency investors to decide on whether to buy Magi coin or sell XMG coin. One can also make XMG price prediction based on the price trends displayed on the chart.
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Coin Magi or the XMG cryptocurrency is an online payment system and a completely decentralised currency that allows for instant payments to anyone in the world without having to keep an intermediary. The core of the Magi currency system is the m-core, a peer-to-peer open source software that stores a public ledger to determine the best the best blockchains with legitimate transactions. The Magi Wallet also allows for traders to mine the XMG Coin using the mPoW and mPoS protocols.
To enable these investors to trade in a variety of cryptocurrencies, CoinSwitch, an online cryptocurrency trading platform, which aggregates around 300 cryptocurrencies with their latest price across multiple supported cryptocurrency exchanges around the globe. CoinSwitch does not provide its customers with any digital wallet address neither does it request for the private key information of the investor’s digital wallet.
Computers as well as portable devices can mint XMG coins through mPoW and mPoS. Magi serves its purpose as a hybrid cryptocurrency using the proof-of-work (PoW) and proof-of-stake (PoS) protocols, making it a CPU coin. It’s aimed at fairness and effective energy use during mining the coin. It is done primarily by two simple mechanisms - mitigating redundant mining sources by reducing rewards and stimulating network activities by issuing rewards.
The Magi community has been active for almost 4 years now since 2014. The team follows the roadmap and the on-going project developments towards completing their targets. A growing community, their primary focus is on anonymity, wallet development and easily integrated business-integrated options. As it is decentralised, people can run transactions without downtime or intermediaries and instantly.
The Magi cryptocurrency and the community has a positive outlook with steady growth, making it’s a good virtual currency to make a part of a trader’s investment portfolio. To make life easier, it’s always best to read up on the latest developments and news about the coin, or simply refer to CoinSwitch’s XMG real-time price prediction chart for transparent forecasts and easy tracking of your Magi Coin transactions.
If you are new to crypto trading, it's always advisable to learn about, what is Magi, it's benefits and indicative return on investment.