# Magic Eden (ME) — crypto price, market cap and strength versus Bitcoin > Magic Eden trades at $0.0603 with a market capitalisation of $39.4M (rank 529). Its 90-day reading against Bitcoin is unavailable, so relative strength is not called here. NFT as a theme is -27.7% against Bitcoin over 13 weeks. Price readings run through 2026-07-31. ## Agent research brief - What this coin is: Magic Eden (ME), a NFT token of $39.4M at market-cap rank 529. On-chain activity is sourced from protocol. - What the tape says: No 90-day Bitcoin-relative reading is available; no 200-day average on file. NFT as a theme is -27.7% against Bitcoin over 13 weeks. - What the evidence supports: 47/100 inside NFT on 12% evidence (0% of it native activity). Treat this as a tape-led lead. Require native activity confirmation before upgrading research priority. - What is missing: There is no valuation band for any coin on this site: historical market capitalisation is not held, so no PE-style range can be built. Magic Eden does publish total value locked. Theme: NFT (/mla/crypto/sector/nft). Price 2026-07-31; market-cap snapshot 2026-07-04. ## Price, returns and risk Magic Eden's one-year return is withheld because the series is incomplete. Its deepest fall from a high inside the last 90 days is 40%. - Price: $0.0603 - Market cap: $39.4M (rank 529) - Returns: 7d —; 30d —; 90d —; 180d —; 1y — - RS versus Bitcoin, 90d: — - 30-day volatility: unavailable; deepest 90-day fall 40% - 200-day average: unavailable ## Protocol economics 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 $111.2K. Network activity is evidence about the protocol, not earnings owed to the token. Readings run to the Q2 2026 quarter. - Total value locked: latest quarter $111.2K; change —; covered 3/20 quarters ## Research score Magic Eden: 47/100 — Illiquid · research only; 17.5 + 15.0 + 10.0 + 4.5 = 47.0; evidence 12%; native evidence 0%; rank 2 of 6 rated NFT coins Decision use: Treat this as a tape-led lead. Require native activity confirmation before upgrading research priority. This weakens if: The read weakens if 90-day RS versus BTC falls below zero with two weekly closes below the 200-DMA, or native activity contracts for two complete calendar quarters. No valuation band exists for any coin on this site: historical market capitalisation is not held, so no company-style valuation range can be built. ## NFT scorecard Magic Eden is one of 9 NFT coins here, 6 of which carry enough evidence to be rated and ranked. Magic Eden ranks 2 of those 6 on 12% evidence. The table below is the theme's own scorecard, in its own order, with this coin marked. - 1. Ethereum Name Service (ENS): score 50.7; evidence 70%; Tape-led · on-chain proof incomplete - 2. Magic Eden (ME) [this coin]: score 47; evidence 12%; Illiquid · research only - 3. SWFTCOIN (SWFTC): score 45.5; evidence 50%; Illiquid · research only - 4. GAL (migrated to Gravity - G) (GAL): score 44.1; evidence 50%; Illiquid · research only - 5. Audius (AUDIO): score 41; evidence 50%; Illiquid · research only - 6. Chiliz (CHZ): score 32.3; evidence 55%; Tape-led · on-chain proof incomplete ## Limitations - 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. ## FAQs ### What is Magic Eden (ME)? Magic Eden is a NFT cryptocurrency tracked here by price, market capitalisation and strength against Bitcoin, with on-chain activity from protocol. It is one of 9 NFT coins on this site. Readings are as of 2026-07-31. ### What is the market cap of Magic Eden? Magic Eden's market capitalisation is $39.4M, ranking it 529 in the top-1,000 crypto universe. That figure is a dated snapshot from 2026-07-04, refreshed separately from the daily price series, so it can lag the price shown above. ### Is Magic Eden beating Bitcoin? Magic Eden has no usable 90-day reading against Bitcoin at present, so this page does not call its relative strength. NFT as a whole is -27.7% against Bitcoin over 13 weeks. ### 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? 47/100 within NFT, ranked 2 of 6 rated NFT coins, on 12% evidence: 17.5 + 15.0 + 10.0 + 4.5 = 47.0. It is labelled “Illiquid · research only”. 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 $111.2K. Network activity is not token-holder earnings: whether it accrues to the token depends on the protocol's own burn, buyback and distribution rules.