The
Spell Token (SPELL) is a reward token associated with abracadabra.money, a lending platform that borrows a USD-pegged stablecoin called Magic Internet Money (MIM).
The Abracadabra protocol has two major tokens at its core. One is SPELL, the platform's governance token, while the other is MIM (Magic Internet Money). In addition to its other benefits, the Spell Token primarily functions as a staking token.
Spell Token (SPELL)’s circulating supply is 102B SPELL while its maximum supply is 196B as per CoinMarketCap. SPELL Exchange (SPELL) can be traded on top cryptocurrency exchanges including Binance, OKX, Bybit, MEXC, and BingX, and others.
Spell Token (SPELL) Price Prediction 2022A price swing occurred at $0.0019201 to $0.0011864 for Spell Token (SPELL) after touching the lowest of the month at $0.0011864.
The price was bouncing back from the support level and is now moving sideways and is expected to breakout from the sideways soon.
Meanwhile, we
predict SPELL’s long-term price will stay bullish since it cannot break through the current support level anytime soon. We can
expect SPELL to reach $0.0019201 in 2022.
