Magic Square, a decentralized app store for web3 applications, has recently gained recognition by CoinGecko as one of the top gainers, experiencing a notable 10.6% increase in its price over the past 24 hours.
The team at Magic Square, known by its token symbol SQR, has announced through its X platform on January 18th that they will be implementing various upgrades to the platform in the near future. These enhancements include enhanced utility for SQR within the Magic Store, the launch of a Premium Membership Program, and the introduction of Review 2.0, which allows users to ‘upvote’ reviews and earn karma points.
Furthermore, Magic Square has revealed plans to offer more opportunities for users to earn additional tokens through the project’s daily pool.
Operating as a platform for discovery and engagement within the web3 crypto space, SQR has been promoted as a platform that provides rewards and opportunities to earn. The native utility token, SQR, operates on the BNB Smart Chain, supporting the Magic Square ecosystem and enabling seamless integration for users, developers, and validators.
According to CoinGecko’s trending board, SQR has seen a significant increase of nearly 76% in the past week, surpassing the overall decline of 5.3% in the global cryptocurrency market. Notably, SQR has outperformed other BNB Chain Ecosystem cryptocurrencies, which have maintained their value over the same period. Currently, the token is trading approximately 21% below its all-time high price.
Amidst the recent surge in altcoins, it is interesting to note that the success of the Magic Square project coincides with a report released by a popular YouTube analyst on January 15th. The analyst discussed a signal that has been activated by many crypto experts, leading to speculation about the start of the 2024 bull run.
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