Are NFTs Making a Comeback? Magic Eden’s Native Token ME Pumps 36% in 24H, Is $1 Next?
After months of dormancy in the digital collectibles sector, the NFT market seems to be making a comeback, led by a sharp rally in Magic Eden’s native token ($ME).
The Magic Eden token surged over 36% in the previous 24 hours, climbing from an intraday low of $0.4422 to a high of $0.6019 earlier than stabilizing round $0.5857 at press time.
According to data from CoinGecko, Magic Eden now stands because the second-largest NFT market with a market capitalization of over $97 million, trailing solely Blur, which holds round $135 million.
Competitor initiatives like MoonBase and Sudoswap have additionally posted spectacular seven-day positive aspects of 41.4% and 25.1%, respectively, displaying renewed investor urge for food for NFT marketplace tokens.
Are NFTs Making a Comeback? $500M Added in 7 Days
The complete NFT market capitalization has now swelled by $500 million in the final seven days, pushing the determine above $5 billion for the primary time since August.
The rise follows weeks of consolidation and a prior liquidation flush earlier in October, which noticed ME down sharply earlier than rebounding greater than 110% since October 10.
Adding to the optimism, Magic Eden’s official X account lately emphasised its proactive strategy to the NFT market revival, stating: “We’re not ready for ‘NFT szn.’ We’re constructing it.”
We’re not ready for “NFT szn”
We’re constructing it.
Over 35,000 packs ripped + 5M in complete quantity = extra liquidity, and extra purchase strain in your favourite collections.
Collectors eat. Collections flourish.
Magic Eden is placing the market again in movement. pic.twitter.com/iuQEGP7Qut
— Magic Eden
(@MagicEden) October 24, 2025
The platform launched over 35,000 NFT packs, which ripped over $5M in complete quantity.
Analysts believe this restoration may trigger a shift in sentiment as NFT merchants re-enter the market forward of potential ecosystem updates and market expansions.
Can Magic Eden $ME Hit $1?
Magic Eden’s ME token is now testing key resistance close to the $0.60 zone.
Traders are watching carefully to see if the rally can lengthen towards the $1 mark.
Technical evaluation exhibits the ME/USDT every day chart forming a potential bullish reversal after a extended downtrend confined inside a descending channel.
The present transfer above $0.52 displays a 16% every day achieve, hinting that momentum could also be shifting in favor of consumers.
If ME can break and shut above the higher trendline of the descending channel, it might verify a breakout and mark the beginning of a new bullish part.
The projected goal, primarily based on the channel breakout and measured transfer, is round $0.95, representing an approximate 178% upside from present ranges.
However, if the worth fails to maintain above $0.50, a retest of decrease channel assist may happen earlier than any important rally.
Trading the NFT Comeback With CoinFutures
As the NFT market makes a comeback, merchants are speeding to capitalize on risky worth swings, and lots of favor futures over spot buying and selling for the leverage benefit.
However, many merchants get burned by high-leverage platforms that prioritize liquidations over person success.
But one trusted crypto leverage platform that merchants have been trusting recently is CoinFutures, which gives a extra trader-friendly different.
The platform helps leverage from 1x to 1000x with simply $1 minimal trades.
It operates simulated crypto futures for lengthy and brief positions, letting you speculate in each instructions with out proudly owning the underlying belongings.
The built-in algorithm tracks crypto costs in real-time, eliminating the necessity for order books and peer-to-peer buying and selling problems.
CoinFutures helps Bitcoin and prime altcoins, together with Ethereum, BNB, Solana, and NFT tokens, making it best for fast trades on risky belongings.
To begin, download the CoinFutures app for Windows, macOS, or Android, then create an account together with your electronic mail and password.
Once you’ve put in the app, you possibly can fund your account by way of the pockets icon utilizing BTC, ETH, or SOL
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