Gogo Tomago from big hero 6 (my favorite movie) created a bike with "electro-mag[netic] suspension" which she says creates "zero resistance" for a faster bike. Is this physically possible and/or plausible to build with current technology? Would it offer any meaningful advantage over a normal bike? What does the cutting edge of bike technology look like?

Physicists, engineers, and others with knowledge, please answer! Thanks in advance.