Spell Token Price Prediction: Is Spell Token THE Meme Coin of 2022?

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What Is the Spell Token Price Prediction Today

AT A GLANCE

  • In 2024, Spell Token price is expected to reach $0.00738, according to some experts
  • 2025 promises to be turbulent, with prices ranging from $0.00010890457238054907 to $0.00738, with WalletInvestor predicting a breakthrough leading to a price rise to $0.00738
  • By 2030, SPELL price can hit $0.00738

Spell Token Fundamental Analysis

Project name
Spell Token
Stock Symbol
SPELL
Current Price
0.000699002390119057
Current Supply
158585184884.352

Spell token is a reward token for the Abracadabra.money — a lending platform for borrowing USD-pegged stablecoins called Magic Internet Money. It utilizes Kashi Lending Technology first introduced by SushiSwap to provide isolated lending markets that allow users to modify risk tolerance according to the collateral they use. Using any other assets as collateral the users can borrow MIM tokens. 

Abracadabra also offers yield farming options to its users, who can farm SPELL tokens by becoming liquidity providers, thus creating better liquidity for certain cryptocurrency pairs, for instance, ETH-SPELL and MIM-3CRV. Moreover, using borrowed MIM the users can open leveraged farming positions. 

Even though Abracadabra is not claimed to be a decentralized autonomous organization it is governed by the community through the Snapshot page. MIM tokens are minted with a 6/10 multi-signature contract composed of 10 partially pseudonymous users.  

Thanks to the innovation of isolated lending markets, users can provide liquidity for any asset, so Abracadabra can offer even the trading pairs ignored by the major exchanges. It also allows users to leverage their interest-bearing token positions by borrowing against their positions, borrowing against borrowed stablecoin, creating the loops, and increasing the leverage. As everything is done in one transaction the gas fees are only paid once. 

SPELL is a native token of the project that can be farmed by providing liquidity in one of the pools and also staked to accrue the share of the gas fees (interest, borrowing fees, liquidation fees) on the platform. The token has a total supply of 210 billion with 82 billion coins currently circulating.

Spell Token Live Price Chart

Since the launch SPELL token was in a continuous uptrend and reached an impressive market capitalization of nearly 2 million dollars. The asset was initially traded for $0.0014 and started to grow at the beginning of September 2021, when the whole crypto market was going bullish. 

On September 23, the token reached $0.0046 and sustained at the level of $0.0035 for the next week. At the beginning of October SPELL started to rise again and hit $0.02 on October 12. It was followed by the market correction and the token fell as low as $0.013 to rise again. The price was growing till November 3, when it hit the all-time high of $0.034. 

Bearish tendencies of the crypto market in November affected SPELL and it was pulled off to $0.007 on December 4. In 3 days the token recovered gaining about 40% of the price and on December 7 was traded for $0.02 and straight after was corrected, got stabilized around $0.014 in the middle of December. 

At the end of the year, the token started gaining value again and went back to a level of $0.02-0.025 in the first week of January. 

From the beginning of the year, SPELL was bearish and kept losing in price. In mid-January, it was at the level of $0.014 and the SPELL price chart continued to decline. In the last 7 days, the token lost almost 25% of its value and is still shrinking. 

Spell Token Technical Analysis

Despite the fact that 100% accurate technical analysis for Spell Token cryptocurrency is hardly possible, on this advanced technical analysis tool by TradingView you can see the real-time aggregated SPELL buy-and-sell rating for selected timeframe. The summary for SPELL/USD is based on the most popular technical indicators — Moving Averages, Oscillators and Pivots.

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Spell Token Price Prediction

Below we have collected the most reliable price projections for Spell Token (SPELL) from popular forecast platforms.

Spell Token Price Predictions Summary

Year
Average Price
Avg. Price / Pot. ROI
Potential ROI
2024
$0.00328548
349%
349%
2025
$0.00287628
300%
300%
2026
$0.00380810
419%
419%
2027
$0.00384231
448%
448%
2030
$0.00897337
905%
905%

Spell Token Price Prediction for 2024

As of the beginning of 2024, Spell Token price predictions remain predominantly positive, with some analytics promising the price at about $0.0008528, while WalletInvestor even cites the possibility of the price reaching $0.00738 by the end of the year.
Potential ROI: 349% Buy

Spell Token Price Prediction for 2025

In their Spell Token price predictions for 2025, TradingBeast’s forecasts the coin’s price to go above $0.0008807 by December. Forecasting Spell Token's future, WalletInvestor expects further growth, too, saying the Spell Token price will reach ~$0.00738 by that time. On the contrary, PricePrediction.net keeps predicting Spell Token price decline, quoting prices around ~$0.0001328 in 2025.
Potential ROI: 300% Buy

Spell Token Price Prediction for 2026

The experts are unanimous in their Spell Token price forecasts for 2026 — everybody expects Spell Token’s price to grow by the end of that year. PricePrediction.net predicts the price growth reaching $0.0008668. According to WalletInvestor’s research, Spell Token’s price can go up to $0.00872. TradingBeast’s forecast is also positive: its analysts hold the view that by 2024 Spell Token’s price will be about $0.0013.
Potential ROI: 419% Buy

Spell Token Price Prediction for 2027

TradingBeast has only pessimism in store for the 2027 Spell Token price prediction, valuing Spell Token at $0.0003845 by the end of 2027. PricePrediction.net agrees with a negative forecast and predicts, in turn, $0.0003705 for the same period. On the other hand, WalletInvestor’s team is more optimistic — their Spell Token price prediction for December of this year is just $0.01073.
Potential ROI: 448% Buy

Spell Token Price Prediction for 2030

Speaking of long-term Spell Token price predictions for 2030, experts present two polar opinions. TradingBeast expresses the view that Spell Token price will grow further and eventually reach $0.001139 by the end of the decade. WalletInvestor’s price prediction for Spell Token echoes with the projection of an uptrend to $0.01964. Despite this, PricePrediction.net’s vision remains not so positive, promising a downfall to $0.0003076.
Potential ROI: 905% Buy

Author

June Katz
June Katz is a writer who is really interested in finance, trading, blockchain, and tech. As a SwapSpace author, she enjoys making content about crypto and other related topics.

Summary

As it can be clear from the analysis cited above, Spell Token (SPELL) projections are rather contradictory. There is no universal consensus either about positive or negative future SPELL price movements. Indeed, the future possible growth depends on various factors: announcements, new technological solutions of the Spell Token projects, the crypto environment in general, legal position, and so on. We kindly remind you that before investing in any cryptocurrency, it is essential to do your own research (DYOR).
All you need for your research in one channel!
Disclaimer: This article should not be considered as offering trading recommendations. The cryptocurrency market suffers from high volatility and occasional arbitrary movements. Any investor should research multiple viewpoints and be familiar with all local regulations before committing to an investment.

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