Magic Eden CEO: Prediction Markets Hit $814.2M Daily Volume, Entering Speculation Supercycle
- Speculation Supercycle: Magic Eden CEO Jack Lu states that the crypto industry is entering a 'speculation supercycle' driven by the rapid rise of prediction markets and betting platforms, merging finance with entertainment.
- Record Trading Volume: Prediction markets recorded a daily trading volume of $814.2 million on Monday, surpassing the previous week's $701.7 million, indicating a significant increase in speculative activity and solidifying its mainstream status.
- Revenue Sharing Model: Magic Eden confirmed that 15% of total revenue generated across its ecosystem will be shared with ME token holders, with rewards split evenly between token buybacks and USDC staking payouts, starting monthly claims in March.
- Business Expansion: As Magic Eden moves beyond NFTs, it plans to launch Dicey, a crypto casino and sportsbook platform, marking a deeper push into speculation-driven products despite a 68% decline in the NFT market in 2025.
Get Real-Time Alerts for Any Crypto Movement
Technical Analysis for EDEN
Technical Sentiment Analysis for Eden (EDEN) As of , Eden (EDEN) is exhibiting a Neutral technical sentiment. Our proprietary analysis, which aggregates 7 technical signals, shows that 4 indicators are flashing buy, while 3 are indicating sell.
Momentum Indicators: RSI, MACD & Overbought/Oversold Status Currently, the Relative Strength Index (RSI) for EDEN stands at -, which suggests a Neutral condition. Meanwhile, the MACD (12, 26) indicator is at -, providing a Neutral signal for short-term momentum. Other oscillators like the Stochastic Oscillator at - and the Commodity Channel Index (CCI) at - further confirm a - outlook for the stock.
Support, Resistance & Moving Averages From a structural perspective, EDEN is trading below its 60-day moving average of $- and below its 200-day long-term moving average of $-. Key price levels to watch include the immediate resistance at $- and strong support at $-. A break above $- could signal a bull continuation, while falling below $- may test the next Fibonacci floor at $-.
Eden (EDEN) Support & Resistance Level
| Name | S3 | S2 | S1 | Pivot Points | R1 | R2 | R3 |
|---|---|---|---|---|---|---|---|
| Classic | 0.00452 | 0.0159 | 0.027 | 0.0384 | 0.0495 | 0.0609 | 0.072 |
| Fibonacci | 0.0159 | 0.0245 | 0.0298 | 0.0384 | 0.047 | 0.0523 | 0.0609 |
About EDEN
About the author








