when we can get 1 magi = $100
This is just not going to happen.
Since coin Magi does not promote the insane wasting of energy other coins do (for example bitcoin network wasting over 1GWh/h making energy companies rich while leaving the miners with almost nothing or less than nothing).
1GWh at $0.10 per KWh = $100000/h
having 6*25btc/block=150btc/h
$100000/150btc=$666 USD/BTC (real cost to mine 1 BTC with ~1 year old ASIC if the power cost was $0.10)
Coin Magi will never use more than 40KWh/h the block reward drops to near zero at hashrate above 60Mh/s. And the average power consumption is about 0.6W/Kh.
This simply mean nobody will pay $100 if he can mine cheaper.
This was the bad news.
The good news are result from the bad news.
Once the initial dumping is over there will be no pumps and dumps in the long term. The Magi price should stabilize somewhere little bit above the energy cost (at current BTC price it should be between 5000 and 20000 satoshi). But the BTC will probably drop in the long term.
Overall CoinMagi can be considered as good as gold (or at least as stable as gold).
I personally prefer to store my little crypto "wealth" in Magi instead of BTC, especially when I can benefit from the latest dumps
