Spell token (SPELL) Price prediction
Spell token facilitates transactions on the lending platform, abracadabra.money. It is the native token for staking and network governance.
Since it emerged in May 2021, Spell cryptocurrency price has recorded uptrends and downtrends. There was a positive spell token price prediction for 2025. But the cryptocurrency market moves negated it.
Is a bullish spell crypto price prediction for 2025 still possible with current events in the space? Due to the bearish crypto market sentiment, many digital assets have already lost value.
But how is the Spell market currently? Is spell token a good investment for 2025 and beyond? Keep reading this Spell token prediction for 2025-2030 to learn more.
What Is Spell Token SPELL?
Spell token is the native token of Abracadabra.money. The platform offers lending services in the decentralized finance space. The network users can stake their Spell tokens to receive sSPELL (Staked Spell) as a reward. These tokens allow them to vote on diverse issues around network systems and operations. Abracadabra governance takes place through a Snapshot page.
Also, with the Spell tokens, users can claim a part of the interest from MIM lending. The developers use 75% of the MIM interests to buy sSPELL as staker’s reward. Users on abracadabra can also farm SPELL by staking their LP tokens on the network.
Currently, the maximum supply of Spell tokens is 210 billion tokens.
SPELL uses a 10-year halving method to reduce the rewards by half yearly. Notably, Spell tokens are burned to prevent saturation. After the distribution in May 2021, the developers burned half of the Spell token, bringing the supply from 420 billion to 210 billion. In January 2022, the developers burned another 5.25 billion tokens.
Apart from SPELL, another token MIM, Magic Internet Money also exists on abracadabra.money. MIM token minting takes place through a 6/10 multi-sig contract.
While SPELL facilitates governance and staking, the platform users can receive loans in MIM, a stablecoin pegged to USD.
To access loans in MIM, users will provide ibTKNs interest-bearing tokens and exchange them for the stablecoin.
History of Spell token
Spell token launch occurred in May 2021 as the native token of Abracadabra Money. The lending DeFi protocol supports its users in utilizing their interest-bearing tokens, such as yvUSDT and xSUSHI.
The protocol emerged as the brainchild of Daniele Sesta and Squirrel (pseudonym co-founder). While Sesta is known for her involvement in Popsicle Finance and Wonderland (OlympusDAO fork) on Avalanche, other parties are unknown.
What Protocol does Spell use?
Spell token is the primary governance or native token of Abracadabra.money. Abracadabra is a lending protocol that uses interest-bearing crypto assets as collateral for the minting of Magic Internet Money (MIM), a stablecoin.
Since Abracadabra is hosted on the Ethereum blockchain, Spell token is an ERC-20 token that allows staking. It uses a proof of stake consensus mechanism. Instead of mining, holders of Spell can lock their tokens on the network to validate transactions.
According to the protocol structure, these stakers will earn rewards in sSPELL (Staked Spell). The reward tokens enable stakers/validators to participate in governance and also earn a share of the MIM interest.
What makes Spell token different from other cryptocurrencies
Some processes and operations distinguish Spell token and the Abracadabra protocol from other crypto assets. Find them below.
Provides more unique lending crypto pairs
Abracadabra uses SushiSwap’s pioneered Kashi Lending Technology for its isolated lending markets.
The operation ensures that there’s no collective sharing of risk in the isolated lending market. Only a given pair could bear its risk once there are issues with the smart contract or during a loss of liquidity.
Hence, Abracadabra could provide different unique crypto pairs in its isolated lending market that other DEXs don’t support.
Multiple borrowing leverage
Users of the Abracadabra can leverage the platform using their position. They could borrow MIM stablecoin using their interest-bearing collateralized assets. Also, they could borrow against the stablecoin they borrowed.
The process creates multiple loops and increases the customer’s leverage. Also, users can complete the multiple loops in just a single transaction, paying a gas fee once.
Spell farming
Users can farm for SPELL by providing liquidity in one of the numerous pools. Also, the customers can stake the token to receive part of the fees on the platform from interest, liquidation fees from lending markets, borrowing fees, and others.
Factors Influencing Spell Token Price
Cryptocurrencies are highly volatile assets. Many external and internal factors often influence their prices. The following factors contribute to the price fluctuation of cryptos, including SPELL.
Supply
The amount of a crypto asset in supply can affect its price. Usually, when the market gets saturated with a cryptocurrency, including Spell token, the price will fall. There will be fewer buyers chasing excess tokens. That is why some crypto projects place supply limits, and others adopt the burning mechanism to keep the circulating supply in check.
According to CoinMarketCap, Spell token currently has a circulating supply of over 107 billion SPELL coins. Spell token’s maximum supply is 210 billion SPELL coins. However, events like block reward halvings and hard forks reduce Spell token supply.
Demand
Demand affects cryptocurrency prices. When the demand is high, the price also increases. Similarly, cryptocurrency prices decline when demand drops.
Given the ongoing bearish trend in the crypto market, many assets, including SPELL, are in low demand.
The selling pressure is high due to bearish sentiments from doubts and uncertainties. Hence most asset prices maintain a downward trend. Spell token price is currently bearish due to the ongoing market decline.
Macros
The macroeconomic environment can either negatively or positively affect token prices. The factors include regulations and monetary policies like interest rates, inflation, recession, tax rates, consumer protection index (CPI), etc.
As we move through 2025, market sentiment hinges on potential shifts in monetary policy. If the Fed pivots toward rate cuts or signals a more dovish stance, liquidity could improve, fueling a bullish recovery in crypto markets. However, persistent inflation or economic instability could prolong volatility.
However, if these factors turn positive, the outcome will favor the market, and crypto prices will record bullish trends again.
Spell Token Price Performance In The Past
Like other digital assets, Spell token price has experienced several fluctuations since its launch till date. Let’s observe the SPELL price movements from launch to the 2022 bear market.
Spell token price after launch
SPELL was launched and distributed in May 2021. Following data on SPELL Chart from 2021, Spell token price rose from $0.0006 on August 17, 2021, to $0.0345 on November 3. That was a massive gain of 5,650% for the Spell market in less than three months.
The token continued with the bullish momentum, surging to a price of $0.0751 on November 16, 2021. The crypto market had a very bullish sentiment throughout November 2021, the same for Spell token.
Further, into the 2025
As of March 20, 2025, Spell Token (SPELL) is trading at approximately $0.000677, reflecting a slight decrease of 0.86% over the past 24 hours.
The current price represents a significant decline from its all-time high of $0.07515 on November 16, 2021. However, it has recovered from its all-time low of $0.0005836 on November 22, 2022.
Technical analysis indicates a bearish trend for SPELL. According to Investing.com, both technical indicators and moving averages signal a ‘Strong Sell’ recommendation.
Despite current market challenges, some experts maintain an optimistic long-term outlook for SPELL, anticipating potential recovery as market conditions improve. For instance, CoinCodex forecasts that SPELL could reach up to $0.005332 by 2025, though such predictions should be approached with caution.
Please note that cryptocurrency markets are highly volatile, and past performance is not indicative of future results.
How Is Spell token Doing Now? Is Spell Bullish Or Bearish
Despite current market challenges, some experts maintain an optimistic long-term outlook for SPELL, anticipating potential recovery as market conditions improve. For instance, CoinCodex forecasts that SPELL could reach up to $0.005332 by 2025, though such predictions should be approached with caution.
Please note that cryptocurrency markets are highly volatile, and past performance is not indicative of future results.
Spell Token Price Prediction Today
As of March 20, 2025, Spell Token (SPELL) is trading at approximately $0.000677 per token. Over the past 24 hours, it has experienced a slight decrease of 0.86%. The day’s trading range has seen a low of $0.00066679 and a high of $0.00069443.
The current trading volume stands at $23.85 million, reflecting a decrease of 26.32% compared to the previous day.
Short Term Spell Token Price Prediction
According to experts’ prediction model, SPELL’s price may level by January 2023. Find the forecasts below.
Long-Term Spell Token Price Prediction For 2025
Looking at the technical indicator, the SPELL minimum and average trading price may hike by the end of 2025. Let’s peek at the experts’ takes below
Long-Term Spell Token Price Prediction For 2025 – 2030
Based on the candlestick pattern and professionals price forecast here is the long-term Spell Token price forecast from 2023 to 2030
Long-Term Spell Token Price Prediction By Experts
Before making investment decisions, explore forecasts and insights from crypto experts. Here are some experts’ predictions from 2025 to 2027 for you.
As of March 20, 2025, Spell Token (SPELL) is trading at approximately $0.000677 per token. Over the past 24 hours, it has experienced a slight decrease of 0.86%. The day’s trading range has seen a low of $0.00066679 and a high of $0.00069443.
The current trading volume stands at $23.85 million, reflecting a decrease of 26.32% compared to the previous day.
In terms of market capitalization, SPELL is valued at approximately $107.18 million, ranking it #317 among cryptocurrencies.
Technical analysis indicates that SPELL is currently in a bearish trend. According to Binance, the 50-day moving average is sloping down, and the Relative Strength Index (RSI) is within the neutral zone of 30-70, suggesting neutral momentum.
Support levels are identified at $0.0005806, with resistance levels at $0.0018751 and $0.00325.
Please note that cryptocurrency markets are highly volatile, and past performance is not indicative of future results.
Price Prediction By Margex
As of March 20, 2025, Spell Token (SPELL) is trading at approximately $0.000677 per token, with a 24-hour trading volume of $23,975,587. This reflects a slight decrease of 1.26% over the past 24 hours.
Technical Indicators:
Moving Averages: SPELL is currently trading below its 50-day and 200-day Simple Moving Averages (SMA), indicating a bearish trend.
Relative Strength Index (RSI): The RSI stands at 44.42, placing it in the neutral zone.
Moving Average Convergence Divergence (MACD): The MACD is below its signal line, suggesting bearish momentum.
Price Prediction by Margex Analysts:
Based on these technical indicators, analysts at Margex anticipate that SPELL’s price may remain neutral in the short term. However, they forecast a potential increase to at least $0.0018751 in the coming month.
FAQ-Common Questions On Spell token Price forecasts
Find some questions and answers below, outlining experts’ price predictions for Spell tokens from 2023 to 2030.
Will the price of Spell token reach $100?
Judging from the current price of the Spell, it will take many years before the coin can reach $100. Most Spell token expert predictions suggest a long-term bearish trend for the SPELL coin.
What will be Spell price in 2025?
According to DigitalCoinPrices predictions, Spell price will reach an average of $0.003 in 2025. Meanwhile, Wallet Investor’s analysis suggests the coin will hit $0.0000819 in 2025.
How much will 1 Spell token be in 2030?
Crypto analytics platform PricePrediction estimated spell price at $0.020 in 2030. However, Traders Union forecasts suggest the coin will reach a maximum of $0.016 in 2030.
What will be the price of Spell in 5 years?
Spell token price prediction for 2030 -According to Spell token expert predictions by Wallet Investor, SPELL will be around $0.000135 in 2027. Meanwhile, DigitalCoinPrice’s five-year forecast suggests a maximum price of $0.00266.
Is the future bright for Spell token (Spell)?
Yes, Spell token has a future. Expert price forecasts suggest the token has a future. PricePrediction’s expert forecast suggested a moderately bullish outlook in the long term.
What will be the highest price of Spell?
According to PricePrediction, Spell tokens can climb to $0.020 in 2030. The platform also suggested an average price of $0.001 by the end of 2025. However, the Spell price is recovering with a bullish momentum and may rise to a fair price, all things being equal.
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