Magic Square (SQR)
1. Fundamental Analysis
1.1 Introduce
Magic Square positions itself as the official Web3 App Store, known as the Magic Store, fundamentally changing how users discover and interact with apps and games in the Web3 space. This platform addresses key challenges in the Web3 ecosystem by providing a rewarding experience for both users and developers. Its notable features include Hot Offers for earning rewards, a Karma System for user engagement, Magic Boost for traffic generation, and a community-led Validation Voting system. The Magic ID feature facilitates easy Web3 onboarding. Central to its ecosystem is the SQR token, which is used for premium memberships, user acquisition, targeted advertising, and decision-making in platform governance. Magic Square s commitment to user engagement and quality assurance establishes it as a pivotal player in enhancing the Web3 experience.
1.2 Basic Info
| Name | Value | Name | Value |
|---|---|---|---|
| Symbol | SQR | Market Cap | 5884404.4 |
| Name | Magic Square | White Paper | -- |
| Web Site | https://magic.store/ | Is ICO | None |
| Wallet | -- | Raised Funds | - |
| Source | -- | Distribution | - |
| Explorer | https://bscscan.com/ | Algorithm | -- |
| Forum | -- | Proof | -- |
| Mining | Total | 1000000000 | |
| Supply | 1000000000 | Release Date | 2024-01-11 |
| Available Supply | 154042000 |
2. Technical Analysis
2.1 Kline Data
| Date | Open | High | Low | Close | Volumn |
|---|---|---|---|---|---|
| 2025-01-01 | 0.038 | 0.0386 | 0.038 | 0.0382 | 1156.717957 |
| 2024-12-31 | 0.0377 | 0.0397 | 0.0374 | 0.0378 | 8562.413515 |
| 2024-12-30 | 0.0393 | 0.047 | 0.0377 | 0.0377 | 27288.709594 |
| 2024-12-29 | 0.0325 | 0.042 | 0.0325 | 0.039 | 21315.105124 |
| 2024-12-28 | 0.0318 | 0.0326 | 0.0299 | 0.0325 | 20416.280927 |
| 2024-12-27 | 0.0332 | 0.0335 | 0.0316 | 0.032 | 3630.567513 |
| 2024-12-26 | 0.0339 | 0.0346 | 0.0329 | 0.0332 | 7696.844758 |
| 2024-12-25 | 0.0341 | 0.0347 | 0.032 | 0.0344 | 4936.437487 |
| 2024-12-24 | 0.0347 | 0.0371 | 0.033 | 0.0345 | 8951.110645 |
| 2024-12-23 | 0.0323 | 0.036 | 0.0311 | 0.0353 | 18263.124026 |
| 2024-12-22 | 0.0329 | 0.0346 | 0.0322 | 0.0322 | 7974.947709 |
| 2024-12-21 | 0.0326 | 0.0361 | 0.0319 | 0.0333 | 20916.728656 |
| 2024-12-20 | 0.0386 | 0.0417 | 0.0324 | 0.0324 | 41709.156118 |
| 2024-12-19 | 0.0385 | 0.0416 | 0.0357 | 0.0386 | 10116.785525 |
| 2024-12-18 | 0.0417 | 0.0439 | 0.0376 | 0.0385 | 22877.088351 |
| 2024-12-17 | 0.0436 | 0.0458 | 0.0416 | 0.0432 | 17798.141643 |
| 2024-12-16 | 0.0444 | 0.0474 | 0.0427 | 0.0436 | 18824.887925 |
| 2024-12-15 | 0.0438 | 0.0449 | 0.042 | 0.044 | 15942.917134 |
| 2024-12-14 | 0.0475 | 0.0483 | 0.0435 | 0.0445 | 19770.797541 |
| 2024-12-13 | 0.0456 | 0.0505 | 0.045 | 0.0472 | 38296.632272 |
| 2024-12-12 | 0.0483 | 0.0492 | 0.045 | 0.0454 | 36143.055867 |
| 2024-12-11 | 0.0476 | 0.0503 | 0.0465 | 0.0482 | 41764.998207 |
| 2024-12-10 | 0.0479 | 0.0533 | 0.0466 | 0.0475 | 31832.483936 |
| 2024-12-09 | 0.0559 | 0.0562 | 0.0459 | 0.0495 | 35527.283259 |
| 2024-12-08 | 0.0574 | 0.0579 | 0.0546 | 0.0562 | 19801.475114 |
| 2024-12-07 | 0.0586 | 0.0631 | 0.0557 | 0.0569 | 29675.280981 |
| 2024-12-06 | 0.0616 | 0.0623 | 0.0558 | 0.058 | 18969.082729 |
| 2024-12-05 | 0.0613 | 0.0639 | 0.0586 | 0.0617 | 44142.775623 |
| 2024-12-04 | 0.0577 | 0.0681 | 0.0561 | 0.061 | 47083.401714 |
| 2024-12-03 | 0.0491 | 0.0605 | 0.0489 | 0.0583 | 53512.878193 |
2.2 Analysis
The 30-day OHLCV data shows a period of significant volatility followed by a consolidation and potential upward trend. Short-term price action suggests a possible upward correction is underway, although underlying momentum remains uncertain. Further observation is necessary to confirm trend direction and strength. Risk remains elevated due to recent price swings.
