Spell Token Price Prediction 2023-2030

Latest Price of Spell Token

MetricTrend
Social MentionsHigher

MetricLast 24 HoursTrend
Net Social Media Sentiment22.7%Higher

Spell Token Price Prediction: Is Spell Token a Good Investment?

The SPELL Token is associated with abracadabra.money, a lending platform that lets users deposit interest-bearing tokens as collateral to obtain a USD-pegged stablecoin named Magic Internet Money (MIM). This platform employs Kashi Lending Technology from SushiSwap, introducing individualized lending markets and enabling users to manage their risk based on chosen collateral. At its core, Abracadabra.money acts as a “Spell Book,” allowing users to deposit assets or tokens as collateral to mint MIM, which can be exchanged for other stablecoins. The platform also offers yield farming, where users can stake liquidity provider (LP) tokens, especially for pairs like Ether (ETH)-SPELL and MIM-LP 3pool Curve (3CRV), and even engage in leveraged farming by borrowing MIM against their collateral.

SPELL tokens serve multiple purposes. They can be staked to earn a portion of the platform’s fees, which automatically compound over time. These tokens also provide governance rights, empowering users with voting privileges and managerial influence. Moreover, staking SPELL tokens facilitates yield farming and revenue sharing. By participating in revenue sharing, token holders can claim a portion of the earnings generated by Abracadabra.money. In essence, by providing liquidity in various pools, users can farm SPELL tokens and subsequently stake them to accrue benefits and compound interest from the platform’s fees.

Spell Token Price Performance

  • Last 12 Months: -50.3%
  • Since Launch (2021): -19.9%

Overall, Spell Token has been a Poor Investment. However, It could still be a high-risk trading opportunity.

Will Spell Token reach $100?

Spell Token Price Prediction Today, Tomorrow, Week

UTC: Oct 2nd, 2023 06:04 PM

  • Spell Coin Price Prediction in the next 24 hours is between $0.000489 and $0.000512
  • Spell Coin Price Prediction this week is between $0.000505 and $0.000514

UTC: Oct 2nd, 2023 12:40 PM
Overall OutlookBullish
1. Market's WisdomNeutral
1a. Market DataNeutral
1b. Technical RecommendationNeutral
2. Crowd's WisdomBullish
2a. Social Media BuzzHigher
2b. Social Media SentimentHigher

Spell Token Price Prediction 2023-2030

  • Spell Token Price Prediction 2023 is $0.0008
  • Spell Token Price Prediction 2025 is $0.0013
  • Spell Token Price Prediction 2030 is $0.0074

Read all our Crypto Price Predictions here

Note: Crowdwisdom360 collates Predictions and data from all over the net and has no in-house view on the likely trends in the Stocks or Crypto Coins. Please consult a registered investment advisor to guide you on your financial decisions.

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