SPELL is an Ethereum blockchain token used as the governance token for Abracadabra.money, a decentralized trading platform. The platform (Abracadabra) enables users to deposit collateral so that they can mint MIM, also known as "Magic Internet Money." MIM is a stablecoin, with its price pegged at $1.00. Not only can you mint on this platform, but users can also lend by using an interest-bearing token as collateral. SPELL token is also available on Fantom, Avalanche, and Arbitum.
This token was first distributed in May 2021, and subsequently, half of all SPELL tokens were burned, which resulted in the reduction of supply from 420 billion to 210 billion.
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However, this crypto coin has struggled to maintain its pace and this is why cryptocurrencies like IMPT and TAMA have an edge in the crypto space. These two coins will be discussed briefly in this article, but meanwhile, let's take a look at SPELL token price prediction.
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SPELL TOKEN PRICE PREDICTION 2022-2030
Below is the price prediction of the SPELL token as analyzed by top cryptocurrency experts. These figures were arrived at after careful consideration of the volatility in the crypto market, volumes, market cycles, and price changes.
YEAR | AVERAGE PRICE |
2022 | $0.001 |
2023 Advertisement | $0.002 |
2024 | $0.003 |
2025 | $0.004 |
2026 | $0.006 |
2027 | $0.009 |
2028 | $0.014 |
2029 | $0.020 |
2030 | $0.028 |
The table above, as projected by Cryptopolitan, shows SPELL's 9-year price prediction. SPELL is currently valued at $0.001 on the coinmarketcap with a market cap of $102,560,293 and a 24hr trading volume of $9,630,838 from a total maximum supply of 103,214,939,480 and 196,008,739,620 respectively.
Looking at the figures from the price in the table, it's clear that SPELL is a slow-paced crypto coin and won't be suitable for a long-term investment. However, cryptocurrencies like Impt.io and Tamadoge are alternative cryptocurrencies you can consider as an investor, and you will be guaranteed to make a good profit.
IMPT.IO : The next big thing in the crypto space. Here are some updates you need to know about this fast-rising crypto platform.
Impt.io is a crypto project considered a solution to many of the industry's biggest challenges. It aims to help individuals and businesses reduce carbon output by using carbon credits easily and securely. The Impt.io platform leverages blockchain technology to solve market challenges with maximum security and transparency. The native token of this project is known as IMPT.
The first phase of the IMPT presale, which started on Monday, October 3rd, has been a huge success as over $1 million was raised within the first 3 days of the presale, and currently, over $1.9m has been raised.
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Furthermore, over 109 million IMPTs have currently been sold out, with each token selling at $0.018 per token. Another thing investors should be excited about is that the IMPT platform is developing a decentralized marketplace for carbon credits that will be run on the Ethereum blockchain. Users can also mint these carbon credits into NFTs, meaning that holders can buy and trade with them.
Tamadoge - The cryptocurrency that has endeared the hearts of many crypto enthusiasts and investors.
This crypto project has recently caught the attention of cryptocurrency investors. The project is a combination of 3 features, which are meme coin, NFT, and a play-to-earn metaverse game.
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Tamadoge aims to provide multiple utilities to its users via the play-to-earn metaverse game and the ultra-rare tamadoge NFTs, which is one more reason why it had one of the most successful crypto pre-sales ever. Tamadoge has been listed on exchanges like LBank, OKX, UniSwap, and many others. With the recent listings on these global exchanges, it's no doubt that TAMA is one of the best cryptocurrencies to invest in at the moment.
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HOW DOES SPELL COMPARE TO IMPT AND TAMA CRYPTO?
With the ongoing pre-sale, which is in its first phase, it is evident that IMPT is a solid crypto project that investors can put their money into and be guaranteed a profit. TAMA also has numerous benefits, as discussed earlier, and looks set to dominate the crypto space as more investors keep pouring in every day.
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However, much cannot be said about SPELL, as there are uncertainties about its prospect of rising further and yielding profit in the future.
CONCLUSION
Much has been said in this article about IMPT and TAMA tokens. These two cryptocurrencies have huge prospects and have won the hearts of many crypto investors. While these two coins give you guaranteed profits on your investment as an investor, the same cannot be said of the SPELL token.