Spell Price Prediction 2024 – 2033
- Spell Price Prediction 2024 – up to $0.000815
- Spell Price Prediction 2027 – up to $0.0025
- Spell Price Prediction 2030 – up to $0.007
- Spell Price Prediction 2033 – up to $0.021
There are various investment options available in the crypto world, including Abracadabra. The Abracadabra protocol offers a DeFi solution to modern problems, and its native token is SPELL. Abracadabra users can provide collateral in various interest-bearing crypto assets such as yvYFI, yvUSDT, yvUSDC, xSUSHI, and more. With this, they can borrow magic internet money (MIM), a stablecoin you can swap for any other traditional stablecoin.
How much is SPELL worth?
The Spell Token’s price was $0.000732 at press time, with a 24-hour trading volume of $8,630,624. Spell Token is down 1.23% in the last 24 hours. The current CoinMarketCap ranking is #320, with a live market cap of $78,620,998. It has a circulating supply of 107,405,628,969 SPELL coins and a max. Supply of 196,008,739,620 SPELL coins.
Spell Price Analysis
At press time, Spell was down 26.50% in the last 12 months and up 1.57% over the previous 30 days. Like most altcoins, Spell recovery began in October 2023, affected by market macroeconomics, such as the spot Bitcoin ETF approval.
The chart below shows Spell’s movement in the last three months. The MACD indicator shows the coin is experiencing positive momentum, while the RSI is 45.81. The previous four candles suggest Spell is in a period of high volatility.
Recent News
Abracadabra Money addresses a security breach affecting its protocol, focusing on unauthorized borrowing from specific Cauldrons V3 & V4. The platform has reassured users that their collateral is secure and has taken swift action to prevent further exploitation by setting borrowing limits to zero for the implicated cauldrons. With the assistance of blockchain analysis firm Chainalysis, Abracadabra Money is tracking the stolen funds. It has made efforts to contact the attacker, offering a bug bounty in exchange for the return of the funds. This proactive response highlights the platform’s commitment to security, the measures to protect user assets, and the system’s integrity.
Spell Price Prediction 2024 – 2033
Cryptopolitan Spell Price Prediction
| Year | Minimum Price | Average Price | Maximum Price |
| 2024 | $0.000672 | $0.000696 | $0.000815 |
| 2025 | $0.000994 | $0.001000 | $0.001200 |
| 2026 | $0.0014 | $0.0015 | $0.0017 |
| 2027 | $0.0021 | $0.0022 | $0.0025 |
| 2028 | $0.0029 | $0.0030 | $0.0036 |
| 2029 | $0.0041 | $0.0043 | $0.0051 |
| 2030 | $0.0060 | $0.0062 | $0.0070 |
| 2031 | $0.0082 | $0.0085 | $0.0103 |
| 2032 | $0.0119 | $0.0122 | $0.0141 |
| 2033 | $0.0182 | $0.0188 | $0.0210 |
Spell Price Prediction 2024
Our Spell price prediction for 2024 is a maximum price value of $0.000815 by the end of the year. The Spell network coin forecast suggests the average price to be $0.000696, while the minimum forecast price is $0.000672.
Spell Price Prediction 2025
Our Spell price prediction for 2025 is a maximum price of $0.0012. The coin is expected to hit its lowest price at $0.000994. The average trading price of the currency is expected to be $0.001.
Spell Price Prediction 2026
Our Spell price prediction 2026 expects Spell to reach a minimum price of $0.0014, an average of $0.0015, and it is expected by the end of the year to have reached a maximum price of $0.0017.
Spell Price Prediction 2027
Our Spell price prediction for 2027 states that the Spell price range will hit a maximum base price of $0.0025. We expect the digital coin to continue its bullish run from the previous year while keeping a minimum and average price of $0.0021 and $0.0022, respectively.
Spell Price Prediction 2028
Our Spell price forecast 2028 shows that the token is expected to reach a maximum price of $0.0036. Our projections state that the price of Spell will fluctuate between a low of $0.0029 and an average price of $0.003 for the entire year.
Spell Price Prediction 2029
Our Spell price prediction for 2029 suggests a minimum value of $0.0041. The asset’s price could reach a maximum value of $0.0051, with an average trading price of $0.0043 throughout 2029.
Spell Price Prediction 2030
Our Spell price forecast for 2030 indicates that the price of Spell will reach a maximum of $0.007. Additionally, a minimum price of $0.006 is likely, and prices may shortly return to an average price of $0.0062.
Spell Price Prediction 2031
Our Spell price prediction 2031 expects Spell to reach a minimum price of $0.0082, an average of $0.0085, and it is expected by the end of the year to have reached a maximum price of $0.0103.
Spell Price Prediction 2032
Our Spell price prediction for the 2032 token shows that Spell will rise from its current level and experience a price rise. According to our predictions, the coin should cost at least $0.0119, average $0.0122, and have a maximum peak price of $0.0141.
Spell Price Prediction 2033
Our Spell token price prediction for 2033 is anticipated to skyrocket, reaching a maximum of $0.021. A minimum price of $0.0182 is also probable, and the costs could retrace soon to get an average price of $0.0188.
Spell Price Prediction By DigitalCoinPrice
According to DigitalCoinPrice’s Spell token forecast, Spell will surpass the $0.005 mark in 2031. By the end of the year, Spell will attain a maximum value of $0.00111. In 2025, the price of Spell will average at $0.00123. By the end of that year, Spell will reach a minimum price of $0.00109 and a maximum level of $0.00129.
In 2027, the price of Spell will average at $0.00221. It will reach a minimum price of $0.00195 and a maximum of $0.00233. In 2033, its price will range between $0.00952 and $0.00986, with an average of $0.00976.
Spell Price Prediction By CryptoPredictions
CryptoPrediction’s Spell token price predictions state that Spell will trade at an average price of $0.000878 in December 2024.
In 2025, the Spell token will hit a minimum price of $0.000778 and a maximum price of $0.00152. In 2026, the Spell token will hit a minimum price of $0.00105 and a maximum price of $0.00179. In 2027, the Spell token will hit a minimum price of $0.00123 and a maximum price of $0.00199.
Spell Price Prediction By Industry Influencers
Spell token (Spell) debuted in 2021. We cannot ignore Spell’s fundamentals cannot be ignored, especially with a robust DeFi platform backing it. Spell token price forecast by ‘Binance,’ the world’s largest crypto exchange by trading volumes, indicates that it will average at $0.000516 in 2024, $0.000569 in 2026, and $0.000692 in 2030.
Spell token Price History
The performance of the Spell token has been poor when we zoom out at its price movement since 2021. The coin is already down 21.81% since its initial listing, according to Coinmarketcap. The coin had its best run in 2021 when it reached its all-time high at $0.07515. By December 2022, it had lost 90% of its value. The coin registered its all-time low at $0.0003498 in August 2023.
Source: https://coinstats.app/coins/spell-token/
Spell Overview
| MARKET CAP | CIRCULATING SUPPLY | ALL-TIME LOW | ALL-TIME HIGH | POPULARITY |
| $55.445 million | 107 billion | $0.0003498 | $0.07515 | 504 |
More about Spell
The two significant tokens in the Abracadabra protocol are MIM and SPELL. These two are involved in the smooth running of the main functions of the mentioned ecosystem.
MIM stands for ‘Magic Internet Money’ and partners in staking with SPELL.
The primary function of these two currencies is staking. They are used on the Ethereum platform and work for staking. Once staked on the forum, they have various benefits. The SPELL token’s main benefits are its role in governance and passive income.
Once you have invested in the Spell token, you have voting rights, resulting in a role in governance. The more SPELL tokens you have, the more you will have a say in decisions. The passive income comes to the users as a percentage of trading fees.
75% of the trading fee goes to investors; the rest is for other purposes. Thus, SPELL cryptocurrency works in the decentralized blockchain system, offering different benefits.
How does Spell token work?
The protocol is an ‘isolated lending market,’ which helps users earn magical money. Abracadabra completes this process in five steps, which are as follows.
The first step is the deposit of the collateral amount on Abracadabra. The next step is the debt allocation to the borrower; thus, the borrower becomes eligible to take advantage of interest. The third step is depositing MIM tokens in the borrower’s wallet. The final step is the investor’s free use of MIM. They can continue using or divest it by turning it into fiat money or another cryptocurrency.
Where to buy SPELL?
The top cryptocurrency exchanges for trading SPELL token stock are Binance, OKX, Gate.io, and Coinbase.
You’ll find more for your particular purpose. You may also find additional markets for your purpose in the table below.
Conclusion
Many investors in the crypto market are wondering if now is the best time to invest in the Spell token. The token’s price has been volatile lately, but when the crypto market was booming in recent years, the Spell token saw a significant price rise.
The token can be profitable in the future, but it is essential to know that the cryptocurrency can also drop due to its high volatility.
The SPELL token could be a good investment to stretch interest-bearing crypto assets to their mathematical limits. Again, the token offers investors liquidity rewards, Defi Staking, and other interest-related opportunities. Their interest in the NFT space will help sustain the project in the long run. Suppose you are interested in investing in this cryptocurrency.
In that case, we advise that you do your research before investing.
SPELL has excellent potential, but according to these SPELL price predictions, the $1 mark is not feasible. But it is essential to know that the market might take a drastic U-turn, and we may see SPELL surpass our predictions. According to our price prediction, SPELL is a promising cryptocurrency, and it is profitable as a long-term investment.
It is essential to know that SPELL’s long-term profitability can be due to its numerous and upcoming future projects. Again, we advise that cryptocurrencies are highly volatile. Before you invest in them, ensure you do your own research. Invest the funds that you can afford to lose.
This growth depends on various variables, including announcements, new technology solutions from the Spell Token initiatives, general crypto market conditions, and legal status. Before investing in a cryptocurrency, we remind you to research (DYOR).
