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Magic Hash
MHA#3871
$0.004354+6.80%
Magic Hash (MHA) currently trades at $0.05442 with a market capitalization of $544.5 million. It sits at rank 104 by market cap, and roughly $7.70 million changes hands over a typical 24-hour period. Together, those figures sketch a clear market footprint for any Magic Hash report: a low per-token quote, a nine-figure valuation, and daily trading activity that anyone tracking short-term price movement can actually see.
The cheap unit price is where most people get the wrong impression. A sub-ten-cent quote does not make the asset small when the market cap sits above half a billion dollars — market cap is simply price multiplied by circulating supply, so a large token supply can keep the individual quote low while the overall valuation stays substantial. These metrics work best as a set: market cap frames scale, rank shows where MHA stands relative to other crypto assets by valuation, volume reveals recent participation, and price gives you the per-token number.
If you follow Magic Hash, the habit worth building is reading price, rank, market cap and daily volume side by side instead of letting one figure tell the whole story. One limitation shapes any Magic Hash analysis September readers might consult: the 24-hour volume window itself. It captures recent turnover, but it is not a permanent liquidity guarantee and says little on its own about longer-term demand — a point worth remembering before treating any Magic Hash forecast as settled.
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What is Magic Hash? A quick explainer
Magic Hash (MHA) is a crypto asset priced at $0.05442 with a market cap of about $544.5 million. Its 24-hour volume of about $7.70 million shows recent trading activity, but that is only a short-term liquidity signal.
Security check
Smart contract risk scan — checks for honeypots, hidden taxes and more.
This coin carries 2 risk flags. Not suitable for beginners. If you invest anyway: only money you can afford to lose entirely. No DCA plans, no leverage, no FOMO buys after a pump.
AI analysis
Clear bullish / neutral / bearish signal based on market data, on-chain security and macro signals.
Analysis from October 2, 2026
This analysis is refreshed automatically in the background.
Rating
Bearish63% confident
Confidence
Summary
Magic Hash's price, market capitalization, trading volume, and recent percentage changes were unavailable, making it impossible to reliably gauge its latest market performance. This coin analysis finds several constructive features in the smart contract, including open-source code, no minting function, zero transaction taxes, and a security trust score of 70/100. That said, the top 10 addresses control 99.61% of the supply, leaving the market highly exposed to decisions made by a very small number of holders. The market-wide Fear & Greed Index sits at 72, labeled Greed, but its dip from 74 over the past seven days suggests optimism that's elevated yet starting to cool. Rising interest rates and inflation add further pressure, while missing developer, on-chain, and token-unlock data make an already fragile picture even harder to verify.
📰 Current News & Events
No current news is available at this time, so no verified headline or project event can be linked to MHA's recent performance. The broader backdrop combines a Fear & Greed reading of 72 with rising interest rates and inflation, a mix that blends optimism with real macroeconomic pressure. A slightly weaker US dollar may offer modest support to crypto markets in general, but there's no MHA-specific catalyst to point to.
📈 Price Movement Analysis
MHA's current price and its 24-hour, 7-day, and 30-day changes were unavailable, so the direction and magnitude of its recent move can't be calculated. The only reference point in this coin forecast is the all-time high of $0.05495, recorded on September 20, 2026. Without a current quote, it's not possible to say how far MHA sits from that peak or to explain any specific rise or decline. Market-wide sentiment eased slightly from 74 to 72 over seven days, pointing to mild cooling, but this alone doesn't tell us what happened to MHA specifically.
Strengths
✅The smart contract carries a trust score of 70/100 and is open source, meaning its code can be independently inspected. It was not flagged as a honeypot or for hidden ownership.
✅The token isn't mintable and doesn't run through a proxy contract. These features reduce the risk of supply being expanded or contract logic being swapped out later.
✅Transaction taxes sit at 0% in both directions, and checks found no pausing function, adjustable slippage, or trading cooldown — meaning fewer contract-level levers exist that could interfere with transfers.
✅Reported circulating supply and maximum supply both stand at 10 billion MHA, indicating the full stated maximum is already in circulation, which limits further dilution beyond the reported cap.
Risks
⚠️The top 10 addresses hold 99.61% of MHA's total supply. This level of concentration means decisions by just a handful of wallets could heavily sway available supply and overall market stability.
⚠️The Fear & Greed Index reads 72, labeled Greed. That reflects strong optimism across the market, but elevated enthusiasm like this can leave assets more vulnerable if sentiment turns.
⚠️The Federal Funds Rate climbed to 3.75% from 3.63%, while annual inflation rose to 3.71% from 3.54%. Both trends tend to dampen appetite for speculative assets like crypto.
⚠️Developer activity and both tracked categories of on-chain data were unavailable, making it impossible to confirm whether the project is being actively maintained or whether network usage is trending positively.
⚠️The token-unlock schedule, project news, social data, DeFi locked capital, and market-wide stablecoin supply were all unavailable. These are gaps in coverage rather than confirmed red flags, but they significantly limit visibility into future supply pressure, adoption, and potential catalysts.
📊 Macro context
The Fear & Greed Index stands at 72, labeled Greed, down from 74 a week earlier — sentiment remains upbeat but shows early signs of cooling. The Federal Funds Rate rose to 3.75% from 3.63%, and annual inflation increased to 3.71% from 3.54%, creating a less favorable backdrop for speculative crypto assets. The US Dollar Index slipped slightly to 120.33 from 120.55, which could offer limited broad market relief, though it says nothing about actual demand for MHA. Regulatory developments were unavailable, and the historical Fear & Greed dataset wasn't robust enough to support a reliable 90-day comparison.
❓ Frequently Asked Questions
Is Magic Hash a good investment right now?
This coin analysis paints a predominantly fragile picture: nearly all supply is concentrated among the top 10 addresses, while interest rates and inflation are both climbing. Constructive contract features offer some counterbalance, but major gaps in developer, on-chain, and supply-schedule data limit overall confidence.
Why is the Magic Hash price moving today?
The current price and its recent changes were unavailable, so no specific movement can be confirmed or explained. The broader crypto market remains optimistic, with a Fear & Greed reading of 72, though sentiment has cooled slightly over the past seven days.
What are the biggest strengths and risks in this Magic Hash coin forecast?
Its core strengths include open-source code, no minting function, zero transaction taxes, and the absence of several restrictive contract controls. The biggest risk by far is that the top 10 addresses control 99.61% of supply, compounded by rising rates, higher inflation, and limited visibility into development and on-chain activity.
