As of January 27, 2025, the Spell token is ranked #255 based on its market capitalization, estimated to be $228.32 million with a total circulation of 155.36 billion tokens. The coin is currently on a bull rally in the market followed by sustained buying momentum propelling the coin to a peak of $0.001799 on the 27th of January.

This article will explore the Spell token, its tokenomics, and whether the token is a good investment now. Furthermore, we will also give insights into the coin’s future through potential price prediction tables.

Spell Token (SPELL): A Brief Overview

The spell token is the reward token of the “abracadabra.money”, a blockchain-based lending platform that utilizes interest-bearing tokens as collateral to borrow a USD-pegged stablecoin named MIM or Magic Internet Money.

Use Cases

• Governance: SPELL acts as a governance token allowing its holders to vote on various proposals regarding the platform.
• Revenue Sharing: SPELL holders can earn a portion of the platform’s fee that comes from liquidation, interest, and borrowing.
• Staking: The token holders can also claim their share of SPELLs to receive claiming rights to the fee and voting rights.
• Liquidity Pool: Users who lock up their tokens to provide liquidity to the platform will get additional SPELL tokens as rewards.

Tokenomics

Name	SPELL
Blockchain	Ethereum
Contract Address	0x090185f2135308bad17527004364ebcc2d37e5f6
Market Value	$0.001484
Market Cap	$228.65 Million
24-Hour Trading Volume	$614.63 Million
FDV	$288.39 Million
24-Hour VMR Metrics	266.61%
Circulating Supply	155.36 Billion
Holders	34,759

Spell Token (SPELL) Price Prediction: What To Expect

SPELL token is one of the most potential coins in the market that could potentially hand you a jackpot. The token is currently trading at $0.001484 registering an uptrend of 41% from the previous day. If you’re interested in the SPELL token and want to gain insight into its future, refer to the table below.

Spell Token (SPELL) Short-Term Price Prediction

The Spell token has undergone an impressive rally in the market during the last 24 hours. Here are the key things to watch out for in the near future, if you want to profit off the token.

• Resistance Level: $0.0017
• Support Level: $0.00152
• RSI Indicator: 88.33, Overbought scenario and could result in correction or consolidation.
• MACD: Strong bullish crossover, confirming upward movement.
• Upside Potential: Continued buying pressure could push the coin above the resistance and result in a breakout with the coin going as high as $0.00185 in the short term.
• Downward Risk: A failure to maintain the support level could cause it to plummet to as low as $0.00140 in the market.

Spell Token (SPELL) Month-Wise Price Prediction 2025

Month	Min Price	Avg Price	Max Price	Potential ROI
Jan	$0.001162	$0.002382	$0.004026	163%
Feb	$0.003661	$0.004754	$0.005611	267%
Mar	$0.002934	$0.003571	$0.00434	184%
Apr	$0.004088	$0.004289	$0.004772	212%
May	$0.003168	$0.003871	$0.00431	184%
Jun	$0.002589	$0.003871	$0.003338	119%
Jul	$0.002589	$0.002985	$0.003338	120%
Aug	$0.002003	$0.002278	$0.002752	81%
Sep	$0.002131	$0.002314	$0.002543	66%
Oct	$0.002143	$0.002343	$0.001868	87%
Nov	$0.002831	$0.003098	$0.003275	114%
Dec	$0.002959	$0.002995	$0.003032	98%

Spell Token (SPELL) Price Prediction 2025-2030

Year	Min Price	Avg Price	Max Price	Potential ROI
2025	$0.001162	$0.003161	$0.005611	273%
2026	$0.000964	$0.002032	$0.003229	114%
2027	$0.00106	$0.001221	$0.001492	-1%
2028	$0.00296	$0.004553	$0.003773	150%
2029	$0.00296	$0.004553	$0.00773	412%
2030	$0.003112	$0.004101	$0.004968	227%

Per the above price prediction table, the SPELL token will have notable growth in the coming years, especially during 2029, when it is estimated to reach a high of $0.00773.

Where & How to Buy the SPELL Token

The SPELL token is listed on several exchanges in the crypto market. You can easily buy and sell these tokens from the exchanges. As the token continues to grow, we might see further listings in the coming days.

Top Exchanges Listing the SPELL Token

• Binance
• Bybit
• Coinbase Exchange
• Bitget
• SushiSwap
• Kraken
• MEXC
• Bitfinex
• Gate.io

Steps to Buy the SPELL Token

To buy the SPELL token, refer to the steps below

• Step 1: Conduct a thorough analysis and choose an exchange that aligns with your intentions regarding the coin.
• Step 2: Create an account and verify your KYC (if asked).
• Step 3: Fund your exchange account using direct bank transfer, P2P Trading, or card transactions.
• Step 4: Browse the exchange for the SPELL token and specify the amount you wish to buy.
• Step 5: Verify the details, choose the payment method, and confirm the transaction.

After the exchange verifies your transaction, the SPELL tokens will be credited to your exchange wallet, which you can later transfer to your personal wallet for added security and privacy.

Is the SPELL Token A Good Buy Now?

SPELL token is one of the most sought-after coins in the crypto market. The current market sentiment surrounding the famous cousin is “Bullish” in nature. Per various market analysts and technical indicators, the coin is expected to surge over 234% and reach a potential value of $0.003886 by the third quarter of February 2025. The coin has also traded in green in the last 15/30 days with a price volatility of 50%. 

The SPELL token’s Fear & Greed Index has hit a value of 75, symbolizing “Greed” in the market. Based on these forecasts and market data, it is a good time to invest in the prominent token. However, it would be better to conduct a thorough analysis of the trends in the market before finalizing an investment decision to avoid unnecessary capital losses.