Magic Eden (ME): price, market cap and how it did against Bitcoin
Bottom line
Magic Eden (ME) closed at $0.05186 on 4 November 2026, with a market capitalisation of $33M (rank 626) on 5 November 2026. On 30 October 2026 it was below its 200-day average of $0.06588. Over 90 days it is 26.7 percentage points behind Bitcoin. NFT as a theme is -13.4% against Bitcoin over 13 weeks.
Price
$0.05186
as of 2026-11-04
Market cap
$33.0M
snapshot 2026-11-05
vs Bitcoin · 90d
−26.7 pts
as of 2026-10-30
30-day median volume
$327.8K
as of 2026-10-30
What it is · from the data we hold
What is Magic Eden (ME)?
Magic Eden (ME) is a crypto token that CoinGecko lists under NFT and NFT marketplace. DefiLlama lists Magic Eden as a nft marketplace protocol. Its highest daily close since 29 May 2026 was $0.0862 on 29 May 2026; its lowest was $0.05644 on 30 June 2026.
01 · the tape, against its benchmark
How has Magic Eden moved against Bitcoin?
Magic Eden's one-year return is withheld because the series is incomplete. Annualised 30-day volatility is 63%. Its deepest fall from a high inside the last 90 days is 29%. It trades below its 200-day average.
ME · rebasedBitcoinNFT · equal weight
All three lines rebased to 100 at the first week each has data. Bitcoin is the opportunity-cost benchmark for crypto risk; the theme line is its equal-weight index of current rated members.
02 · returns, volatility and drawdown
What do Magic Eden's returns and risk look like?
7 days-8.0%
30 days-24%
90 days-3.4%
180 days—
1 year—
30-day volatility63% annualised
Deepest 90-day fall29%
200-day average$0.06588 · below
50-day average$0.06852
03 · what the protocol actually earns
Does Magic Eden generate fees or revenue?
Magic Eden publishes 1 of the six network-economics series this site tracks: total value locked. Total value locked at the latest complete quarter is $152.5K. Network activity is evidence about the protocol, not earnings owed to the token. Readings run to the Q3 2026 quarter.
Total value locked4 of 20 quarters
Latest quarter$152.5K—
Total value locked
Complete calendar quarters only. A blank quarter is unavailable, not zero. Network activity is evidence about the protocol, not earnings owed to the token.
04 · exact additive research priority
What does the evidence say about Magic Eden?
Magic Eden scores 35.7 out of 100 inside NFT, ranked 6 of 6 rated coins on 43% evidence. The four displayed point contributions add exactly to the total; missing evidence pulls only the affected factor toward neutral and lowers its stated coverage. It ranks research attention within one theme, never portfolio action, and it is not comparable across themes.
What it means: Mostly a price reading: less than half of this score rests on the network's own use (fees, users, deposits), so it says little about the project itself yet.
8.0/35Price leadership
vs Bitcoin (90 days): −26.7 pts · vs its theme (30 days): −3.2 pts · below its 200-day average
80% evidence
15.0/30Usage growth
Fees — · revenue — · users —
0% evidence
10.0/20Value capture
Fee yield — · revenue yield —
0% evidence
2.7/15Liquidity & risk
Typical daily trading: $327.8K · price swings: 62.5% a year
100% evidence
This weakens if: The read weakens if 90-day strength against Bitcoin falls below zero with two weekly closes below the 200-day average, or native activity contracts for two complete calendar quarters.
No valuation section exists on this page, for any coin. There is no company-style P/E or PEG for a token, and historical market capitalisation is not held at all, only a dated current snapshot, so no ten-year valuation band can be built honestly. Where a protocol publishes fees or revenue, the yield against that dated snapshot is shown above instead.
05 · the theme it competes in
How does Magic Eden compare with other NFT coins?
Magic Eden is one of 7 NFT coins here, 6 of which carry enough evidence to be rated and ranked. Magic Eden ranks 6 of those 6 on 43% evidence. The table below is the theme's own scorecard, in its own order, with this coin marked.
The NFT scorecard in its own order, with this coin marked. Scores are within-theme and are not comparable with coins in another theme. See the full NFT page.
Which crypto lists is Magic Eden on?
Magic Eden is on one of our crypto lists: Altcoins. Every coin we track is in the full ranking on Cryptocurrencies by market cap. List membership comes from CoinGecko's categories and market-cap rank, never from a hand-picked list.
Next to it by size · every coin with a page
Which coins are closest to Magic Eden in market cap?
Magic Eden is number 357 by market cap among the 604 coins with a page on this site. The 4 just larger and the 4 just smaller are listed here, each with its theme, so the comparison crosses themes. Market cap is the snapshot dated 2026-11-05.
This page names 5 ways its own evidence about Magic Eden can mislead, all listed below. The largest is that crypto network activity is not company earnings: protocol revenue does not automatically accrue to token holders. Price runs through 2026-11-04; market capitalisation is a separate snapshot dated 2026-11-05.
Crypto network activity is not company earnings. Protocol revenue does not automatically accrue to token holders.
Market capitalisation is a dated snapshot, not a point-in-time historical supply series, so yields computed against it inherit that lag.
No valuation band exists for any coin: historical market capitalisation is not held at all.
Funding rates, open interest, liquidations, exchange flows, unlock schedules and developer activity are not held and are not inferred.
The research score is relative to this coin's own theme only. It is not comparable across themes and is not an entry signal.
Price and technicalsPrice through 2026-11-04; moving averages and returns through 2026-10-30, from exchange closes; moving averages are computed, never scraped.
Protocol activityThrough 2026-10-30, for the series this token publishes.
Market capSnapshot dated 2026-11-05; no historical supply series is implied.
Decision useResearch priority within one theme. Not entry, exit, sizing or leverage instructions.
Questions the page should answer directly
Crypto analysis FAQs
These 8 answers cover the questions this page can settle from data it holds: what the category is, how the score is built, what the coverage gaps are, and what would change the read. Every answer below is also present in the page’s FAQ schema and in its plain-text rendition. None of them is a recommendation.
What is Magic Eden (ME)?
Magic Eden (ME) is a crypto token that CoinGecko lists under NFT and NFT marketplace. DefiLlama lists Magic Eden as a nft marketplace protocol. Its highest daily close since 29 May 2026 was $0.0862 on 29 May 2026; its lowest was $0.05644 on 30 June 2026.
What is the market cap of Magic Eden?
Magic Eden's market capitalisation is $33M, ranking it 626 in the top-1,000 crypto universe, read on 5 November 2026. It is refreshed separately from the daily price.
Is Magic Eden beating Bitcoin?
Over 90 days Magic Eden is 26.7 percentage points behind Bitcoin: its own return minus Bitcoin's. Its theme, NFT, is -13.4% against Bitcoin over 13 weeks. Magic Eden trades below its 200-day average as of 4 November 2026.
What is Magic Eden's highest price?
The highest daily close we hold for Magic Eden is $0.0862, on 29 May 2026, in records from 29 May 2026. The lowest is $0.05644, on 30 June 2026. The close on 4 November 2026, $0.05186, is 40% below that high.
Does Magic Eden have a P/E ratio?
No. There is no company-style P/E or PEG for a crypto token, and no valuation band is shown on this page because the data to build one honestly does not exist: historical market capitalisation is not held, only a current snapshot. Where a protocol publishes fees or revenue, this page shows the yield against that dated snapshot instead.
What is Magic Eden's research score?
35.7/100 within NFT, ranked 6 of 6 rated NFT coins, on 43% evidence: 8.0 + 15.0 + 10.0 + 2.7 = 35.7. It is labelled “Thinly traded”. The score ranks research attention inside one theme, never portfolio action.
How much Magic Eden history does this page show?
Five years of weekly closes where they exist, plus 20 complete calendar quarters of on-chain activity for the metrics Magic Eden actually publishes. Here that is total value locked.
Does Magic Eden generate total value locked?
Magic Eden's latest quarter total value locked is $152.5K. Network activity is not token-holder earnings: whether it accrues to the token depends on the protocol's own burn, buyback and distribution rules.