Are NFTs Making a Comeback? Magic Eden’s Native Token ME Pumps 36% in 24H, Is $1 Next?

After months of dormancy in the digital collectibles sector, the NFT market appears to be making a comeback, led by a sharp rally in Magic Eden’s native token ($ME) . The Magic Eden token surged over 36% in the past 24 hours, climbing from an intraday low of $0.4422 to a high of $0.6019 before stabilizing around $0.5857 at press ￰0￱ to data from CoinGecko , Magic Eden now stands as the second-largest NFT marketplace with a market capitalization of over $97 million, trailing only Blur, which holds around $135 million.) October 24, 2025 The platform launched over 35,000 NFT packs, which ripped over $5M in total ￰1￱ believe this recovery could cause a shift in sentiment as NFT traders re-enter the market ahead of potential ecosystem updates and marketplace ￰2￱ Magic Eden $ME Hit $1?

Magic Eden’s ME token is now testing key resistance near the $0.60 ￰3￱ are watching closely to see if the rally can extend toward the $1 ￰4￱ analysis shows the ME/USDT daily chart forming a potential bullish reversal after a prolonged downtrend confined within a descending ￰5￱ current move above $0.52 reflects a 16% daily gain, hinting that momentum may be shifting in favor of buyers.