"Magic Roundabout" is a term used to describe a type of road junction that consists of multiple smaller roundabouts located within a larger roundabout. This design allows for multiple entry and exit points and is intended to improve traffic flow and reduce congestion. The term "Magic Roundabout" originated in the United Kingdom, where this unique type of junction can be found in several cities. The most famous Magic Roundabout is located in Swindon, England, and is often referred to as the "Mother of all Roundabouts." It was constructed in 1972 and consists of five smaller roundabouts that surround a larger central roundabout. Each roundabout has its own separate lane and traffic signals, allowing drivers to navigate independently.
Compared to other crypto coins which started the same year as Magic it has above-average trading volume, average volume for the other 3510 coins started in 2021 is $353K while MAGIC has $27M.
Compared to other crypto coins which started the same year as Magic it has above-average trading volume, average volume for the other 3510 coins started in 2021 is 353K while MAGIC has 27M. 6 Monthly SurgeAutomotive Giant Toyota Explores Polkadot Project to Increase Business EfficiencyCrypto Love Why HSBC Has a Change of Heart and Finds New Interest in Digital CurrencyMarket movers ETH 1672.
Each roundabout has its own separate lane and traffic signals, allowing drivers to navigate independently. The Magic Roundabout design is based on the principle of "shared space," where drivers must rely on visual cues and cooperation rather than strict rules and regulations. This concept challenges traditional traffic engineering principles and aims to create a safer and more efficient traffic environment.
MAGIC Price
Magic cryptocurrency token built on top of Ethereum platform, launched in September 2021. Magic Price today is $0.4854923, for the last 24 hours 55,357,458 MAGIC's were exchanged with a trading volume of $26,875,618. It's currently traded on 22 exchange(s). The price is up by (4.42%) for the last 24 hours.
It has a circulating supply of 220.8 million MAGIC coins and is ranked #191 by current Magic market cap of $107.2 million. Magic hit its maximum price on 09 Apr 2022 and has recorded an all-time high price of $2.96. Roughly 1 Year and 6 Months have passed since then.The minimum level MAGIC dropped after ATH is $0.203549 price is up by 138.51% from that low . For the previous 52 weeks, the lowest and highest value for Magic was $0.2035492 and $2.30.
Compared to other crypto coins which started the same year as Magic it has above-average trading volume, average volume for the other 3510 coins started in 2021 is $353K while MAGIC has $27M.
Magic price today opened at 0.4800771. Currently, MAGIC stock is up by 1.13% from the open. After rallying to the $0.4985896 level MAGIC was unable to sustain power to go higher.From the maximum price of the last 30, and 7 days it's value is down by -18% and -3% , and from the minimum recorded price in the same timeframe, its up by 17% .
According to the analysis, MAGIC needs to stay above the 0.4751170 level to have a chance to move towards the first major resistance level at $0.5654500.If it experiences another significant rally, it could test the next major resistance level at $0.6888892. The third resistance is even higher at $0.7830889. These levels indicate potential price points where MAGIC could encounter resistance or experience a surge in value.
In the event that the price of the asset drops, the initial support level to watch out for is at $0.4751170. A more extensive sell-off that brings the price below this level could trigger the second major support level at $0.3762556 to come into play during the course of the day.
The EMAs on the daily chart show a bearish signal. Magic sits above the 10, 20 EMAs, but it's below long-term 50, 100 and 200 day exponential moving averages.
The percentage of Binance customers who increased or decreased their net position in BTC over the past 24 hours through trading.
While the Magic Roundabout may initially seem confusing to drivers unfamiliar with this type of junction, studies have shown that it can actually improve traffic flow. The multiple entry and exit points help to distribute traffic more evenly, preventing congestion from building up on any one road. In addition to Swindon, other cities in the UK have also adopted the Magic Roundabout design, including Hemel Hempstead, High Wycombe, and Letchworth Garden City. These roundabouts have attracted both praise and criticism, with some people appreciating their effectiveness in managing traffic flow, while others find them intimidating and confusing. Internationally, similar roundabouts can be found in countries such as France, Belgium, and Australia. While they may go by different names, the concept of incorporating multiple smaller roundabouts within a larger roundabout remains the same. In conclusion, the Magic Roundabout is a unique design that incorporates multiple smaller roundabouts within a larger roundabout. This concept aims to improve traffic flow and reduce congestion. While initially confusing to some drivers, it has proven to be an effective solution in managing traffic in several cities around the world..
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