In this paper we analyze the spinning motion of the hovering magnetic top. We have observed that its motion looks different from that of a classical top. A classical top rotates about its own axis which precesses around a vertical fixed external axis. The hovering magnetic top, on the other hand, has its axis slightly tilted and moves rigidly as a whole about the vertical axis. We call this motion synchronous, because in a stroboscopic experiment we see that a point at the rim of the top moves synchronously with the top axis. We show that the synchronous motion may be attributed to a small deviation of the magnetic moment from the symmetry axis of the top. We calculate the minimum angular velocity required for stability in terms of the moments of inertia and magnetic field and show that it is different from that of a classical top. We also give experimental results that were taken with a top whose moment of inertia can be changed. These results show very good agreement with our calculations.
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