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 2022. But the cryptocurrency market moves negated it.

Is a bullish spell crypto price prediction for 2022 still possible with current events in the space? Due to the bearish crypto market sentiment, many digital assets have already lost value. Even the number one crypto, bitcoin even, plummeted drastically, hitting $15,000 on November 10. Ethereum and others didn’t fare better as their prices moved to the south.

But how is the Spell market currently? Is spell token a good investment for 2023 and beyond? Keep reading this Spell token prediction for 2022-2025 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 196,008.739,620. The token distribution is 30% for team members, 63% for farming incentives, and 7% for its initial DEX offerings on Sushiswap (SUSHI) and Uniswap (UNI).

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.

Notably, on December 6, 2021, Coinbase exchange opened its platform for SPELL trading for its Pro members.

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.


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 196 billion SPELL coins. However, events like block reward halvings and hard forks reduce Spell token supply.


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.


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.

Since the second quarter of 2022, the Feds have been aggressively hiking interest rates, leaving the market bearish. Bitcoin and altcoins prices, including SPELL, massively declined due to the Fed’s hawkish stance on interest rates.

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.

After the 2021 bull run

After the November rally, Spell price saw a retracement to $0.0239 on December 31, 2021, more than a 68% decline. At the beginning of 2022, the crypto market turned bearish, causing a further decline in SPELL price. SPELL fell from $0.0228 on January 1 to $0.0052 on January 28, 2022, a price reduction above 78%.

Further, into the 2022 bear market

The downtrend persisted, bringing Spell token price to $0.0035 on February 2022. On March 14, 2022, the price declined further to $0.0032, a 90-day low.

After a long bearish trend, Spell token price gained back its momentum on April 4, 2022, reaching a 30-day high of $0.006297. However, the price fell again to $0.001 in mid-May and continued trading around that level for nearly two months.

After recovery in the broader crypto market, SPELL surged 20% on August 15 and 16, 2022. In October 2022, SPELL traded at $0.0008363 with a market capitalization of $86.5 million.

It ranked as the 251st-largest cryptocurrency on CoinMarketCap in October 2022.

How Is Spell token Doing Now? Is Spell Bullish Or Bearish

Spell token is currently trading at $0.000633 and ranking #281, with a live market capitalization of $68,026,211, according to CoinMarketCap.

The current token price depicts a loss of 99.16% from its all-time high of $0.07515 on November 16, 2021. Nevertheless, Spell’s price gained 8.16% from its all-time low of $0.0005836 on November 22, 2022.

The technical analysis of Spell token today, December 9, also reveals its performance. Based on the candlestick chart, the spell coin price prediction is entirely bearish. According to experts, 15 technical indicators signal a bearish, while only 9 signal a bullish trend.

Even though the general market is bearish now, given the macros at play and the crash of the FTX exchange and its contagion, experts’ spell crypto price prediction is optimistic in the long term.

Spell Token Price Prediction Today

Spell token has performed better today, December 9, rising by 0.52% in the last 24 hours. Its 24-hour low is $0.0006256, and its 24-hour high is $0.000649408.

Its trading volume took a 22.59% hit, trading at $10,010,463. Yesterday’s trading volume was $0.0006173 for the low and $0.000846 for the high, recording a 2.27% price change.

The coin has stirred back to life recently. The support level is 0.0005806, while the resistance levels are: 0.0018751 and 0.00325.

Spell Token Price Prediction For January

According to experts’ prediction model, SPELL’s price may level by January 2023. Find the forecasts below.



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Long-Term Spell Token Price Prediction For 2023

Looking at the technical indicator, the SPELL minimum and average trading price may hike by the end of 2023. Let’s peek at the experts’ takes below


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Maximum Price

Average Price


January 2023




52.76 %

February 2023




58.83 %

March 2023




66.00 %

April 2023




75.11 %

May 2023




84.49 %

June 2023




94.29 %

July 2023





August 2023





September 2023





October 2023





November 2023





December 2023





Long-Term Spell Token Price Prediction For 2023 – 2030

Based on the candlestick pattern and professionals price forecast here is the long-term Spell Token price forecast from 2023 to 2030


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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 2022 to 2027 for you.

Price prediction 2022 by Wallet Investor

According to Wallet Investors Spell Token price prediction, the coming years will be bearish for SPELL.

The platform forecasts that SPELL will hit $0.0000754 by the end of 2022. Wallet Investors predicted that SPELL could reach a minimum price of $0.000981, $0.0000491 on average, and a maximum of $0.00147 by the end of 2023.

Wallet Investor’s Spell Token price predictions suggest that SPELL could reach a minimum price of $0.0001098, an average of $0.0000549, and a maximum of $0.00165 by the end of 2023.

It also suggested that the token could reach $0.0000819 in 2025 and $0.000135 by October 2027.

Price prediction by DigitalCoinPrices

DigitalCoinPrices forecast that SPELL could reach an average trading price of $0.000882 by the end of 2022. Also, the token will hit an average of $0.00138 in 2023, $0.00179 in 2024, $0.00221 in 2025, $0.00236 in 2026, and $0.00266 in 2027.

Price prediction by PricePrediction

Price prediction’s long-term forecast for SPELL appears slightly bullish. The experts projected that SPELL will reach an average price of $0.001 in 2022, $0.001 in 2023, $0.003 in 2025, and $0.020 in 2030.

Price prediction by Traders Union

TradersUnion predicted that Spell token will trade between $0.0012975 and $0.0019081 by the end of 2023. Traders Union also predicted that SPELL could reach a minimum price of $0.002 and a maximum of $0.002 by the end of 2025. It could have an average trading price of $0.002 by the end of 2025.

Price prediction by Tech Sectors

Following SPELL’s tech sector growth predictions, the coin will trade between $0.001414 and $0.002451 in 2023.

The sector growth prediction also estimated that the SPELL price will range between $0.001810 and $0.005437 in 2024. The estimate also suggested the coin price between $0.002318 and $0.012061 in 2025.

Price Prediction By Margex

Margex supports BTC, ETH, EOS, XRP, LTC, SOL, etc. These cryptos are Spell token alternatives traders can earn with 100x leverage on the platform. The platform also supports staking. Traders can even utilize their staked tokens on Margex staking platform for more profit.

Margex analysts have used diverse tools to forecast Jasmy’s future price moves. Spell is currently trading below its 50-day and 200-day SMA. The moving averages are currently giving off a neutral signal. The RSI is 44.42, which is in the neutral position.

The MACD is also bearish, well below its signal line. Expect the token’s price to remain neutral, then increase to at least 0.0018751 in the coming month.

Please note that this is not investment advice. Research more and trade what you can afford to lose.

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?

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 2022. However, the Spell price is recovering with a bullish momentum and may rise to a fair price, all things being equal.