Despite the fact that Spell’s price has dipped considerably from its 2021 peak, it still has a solid market cap and appears to be making a comeback. In what follows, we will talk about Spell token’s price prediction for 2025 and 2030 to help you understand how it will perform in the upcoming years. We will also explain if Spell is a good investment in the future.
What is Spell Token?
To draw a clear picture of the Spell price prediction, we first need to learn about its network. Spell token (SPELL) is one of the three tokens in the Abracadabra.money platform, a lending platform that enables users to deposit collateral so they can mint Magic Internet Money (MIM).
Abracadabra has three main tokens, including SPELL, sSPELL, and MIM. Spell token (SPELL) is the protocol’s governance token which is also used to incentivize the users.
This article focuses on Spell token to let you know its price history and fundamental and financial analyses in the following sections.
Spell Price History
Let’s begin with a history of Spell’s price performance over the past few years.
2021: The Year of the Bull Run
- Spell token started its journey on May 28, 2021, with an initial price of $0.001.
- From early October 2021, Spell’s price started to soar, and it recorded its first peak on Oct 12, 2021, reaching $0.02.
- Shortly after its first peak, the Spell token recorded its highest value (ATH) at $0.07515 on Nov 16, 2021.
2022: A Significant Decline
The year 2022 marked a significant downturn for Spell Token. The token’s value steadily eroded, with notable declines observed in January, May, and October.
- January 1st, 2022: $0.02355
- May 1st, 2022: $0.003013
- October 2nd, 2022: $0.001017
2023: A Continued Downward Trend
The downward trend persisted into 2023, with the token reaching its all-time low (ATL) in August.
- January 2nd, 2023: $0.0005314
- May 14th, 2023: $0.0005638
- August 18th, 2023: $0.0003498 (All-Time Low)
2024: A Partial Recovery
In 2024, Spell Token has shown signs of recovery, particularly in the first half of the year. However, the recent months have witnessed a slight decline.
- January 1st, 2024: $0.0006361
- May 28th, 2024: $0.001033
- November 28th, 2024: $0.0009731
To picture Spell token’s price history and price changes, let’s take a closer look at its chart during the last 11 months, and then we’ll dig into its financial details.
| Month | Price |
| January 28th | $0.0005289 |
| February 28th | $0.000976 |
| March 28th | $0.001200 |
| April 28th | $0.0009025 |
| May 28th | $0.001033 |
| June 28th | $0.0007130 |
| July 28th | $0.0006731 |
| August 28th | $0.0005381 |
| September 28th | $0.0006222 |
| October 28th | $0.0005391 |
| November 28th | $0.0009731 |
Spell Token Financial Analysis
To better grasp Spell token’s financial analysis, we’ll elaborate on its tokenomics, ROI, market cap, ATH, and ATL below.
Spell Token Tokenomics
Today (Nov 28, 2024), Spell’s live price is $0.001068, with a 24-hour trading volume of $82,768,503, a circulating supply of 151797,681,499 coins, and a total supply of 196,008,739,620 tokens.
ROI
Spell Token has shown significant growth since the beginning of 2024, yielding a 38.83% return on investment (ROI) so far.
Market Cap
Spell has a market cap of $162.52 Million as of November 28th, 2024.
ATL and ATH
Speaking about ATL, we refer to the time the token dropped to its lowest value. On the other side, ATH is the highest value at which a crypto asset has ever been traded.
Spell token recorded its ATL on Aug 18, 2023, when its value dropped to $0.0003498. On the other hand, Spell token saw its ATH price on Nov 16, 2021, at $0.07515.
So far, we’ve covered what the SPELL is and how it is doing financially. Another factor we need to know about this token is its fundamental analysis, which we’ll go through below.
Spell Token Fundamental Analysis
Spell token serves as a governance and incentive token in the Abracadabra ecosystem, showing crypto staking as one of its main functions. Similar to most of the Ethereum-based tokens out there, SPELL tokens can be staked to earn passive income.
Before diving into the Spell token price prediction, we need to learn about its fundamentals. So, let’s get the low down on Spell token’s team members and investors.
Team Members
Spell token is featured by Abracadabra.money platform, launched in May 2021 and by October 2021 had surpassed a $1.14 billion market capitalization. The platform is run by a co-founder known as “Squirrel”, along with Daniele Sesta. The other team members are unknown.
Investors and Partnerships
Spell Token has teamed up with major players like SushiSwap, Yearn Finance, and various blockchain networks (Avalanche and Fantom) to grow its influence and user base. These collaborations benefit Abracadabra.money (the platform behind Spell Token) in several ways:
- Deeper Liquidity with SushiSwap: This partnership makes it easier for people to buy and sell MIM (Abracadabra’s stablecoin) and SPELL tokens by increasing the available pool of these assets.
- Expanded Utility via Yearn Finance: Yearn Finance users can now leverage their existing investments in certain assets through Abracadabra.
- Reaching New Users Across Blockchains: By being available on multiple blockchains, Abracadabra attracts users from different blockchain communities.
Spell Price Prediction 2025 – 2030 at a Glance
To consider Spell price prediction all in one place, we’ve summarized the Spell token’s prices for the coming years in the following table. The details and growth percentages for each year are provided below the table.
Spell Price Prediction 2025
According to Spell price prediction, there is a possibility that 2025 is expected to be a year of growth for Spell Token. Its price is predicted to fluctuate between $0.001624 and $0.004507.
Moreover, the average trading price for the year is estimated to be around $0.002584. January 2025 is seen as the most promising month, with a potential price surge of 381.44% compared to the current value.
| Month | Average Price | Potential ROI |
| January | $ 0.003746 | 381% |
| March | $ 0.003438 | 310% |
| May | $ 0.002419 | 188% |
| July | $ 0.001835 | 120% |
| October | $ 0.002503 | 183% |
| December | $ 0.002481 | 171% |
Spell Price Prediction 2030
By January 2030, Spell Token could potentially reach a price of $0.003647 in an optimistic scenario. However, a more conservative estimate suggests a price of around $0.00241 in November of the same year.
Overall, Spell Token is projected to trade at an average price of $0.003056 in 2030, marking a significant 227.75% increase from its current value.
| Month | Average Price | Potential ROI |
| January | $ 0.003461 | 291% |
| March | $ 0.003119 | 243% |
| May | $ 0.003156 | 254% |
| July | $ 0.003161 | 243% |
| October | $ 0.002637 | 217% |
| December | $ 0.002538 | 178% |
Is Spell Token a Good Investment?
Whether investing in Spell is a good choice depends on your risk tolerance. Recently, Spell has shown promising performance with a 4.5% increase in the last 24 hours and a 57% increase over the past month.
However, you’d better consider your specific investment goals to determine if Spell aligns with your strategy.
Summary
By and large, we don’t recommend the Spell token as a short-term investment, and you have to bear in mind that you should not rely only on the Spell price prediction.
However, don’t forget the fact that the whole crypto sphere is volatile. Some coins are investments, while others are only bills, and you must never invest more than you can afford to lose.
