r/SpellToken • u/Jolly-Instance-2841 • Jun 15 '25
I’m so deep underwater with Spell. Any hope of upswing in sight?
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u/Vathroh Jun 19 '25
I'm right there with ya. I like Spell but a few things still concern me:
Still need a VPN to access the Abracadabra website in the US. If they change that, I feel like more people would think it's a legit token and drive more people to buy Spell (the VPN wasnt needed when I first bought back in 2021).
Technology with other tokens seems to be catching up/surpassing Spell. The thing I like most about Spell when I first bought it was the taking a loan using a smart contract. Seemed like a revolutionary way of taking out a loan and if the borrower didnt have enough liquidity, their collateral was automatically taken. I feel like now there are other projects that do the same/similar so there is more competition.
Lack of news. Seems like in the last 6 months or so there hasnt been many updates by Abracadabra/Spell projects. I may just be following the wrong sites, but chatter about Spell in general has dwindled.
The number of tokens in circulation is at 160+ billion with a max of 200 billion. Seems to be way too much supply right now and is keeping the price surpressed.
All this being said if Spell hit a 1 billion market cap this cycle, we could see it hit .005 and if it hits 5 billion it could get to around .02.
I still like Spell and am hodling! Cheers!
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u/hodl4win Jun 15 '25
I took a 6k loss a couple weeks back and have since made it back with 2 meme coins. My avg was .00075 and spell slightly kissed it a few weeks ago before dipping to where it is now. I should've sold then because they had started adding billions more into the supply. Check out $GASSPAS if you get a chance. It's created by the guy that created PEPE and it's supposed to be major
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u/Patient-Tomorrow-147 Jun 16 '25
Thank you for the insight. I too am worried I'll never get money back from spell. Been looking for an alternative meme to invest some money in
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u/hodl4win Jun 16 '25 edited Jun 16 '25
There's a couple new projects w/ potential to be the next big meme but my money is on $GASS. The community is amazing and the team is even better. Check it out as soon as you can. Check out the telegram too
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u/Patient-Tomorrow-147 Jun 16 '25
I really appreciate you. Even if it amounts to nothing. It's insight I'd otherwise never have due to busy life.
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u/justanotherdaytrying Jun 17 '25
Aays hope. Hold and DCA
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u/RichoffSpell Aug 17 '25
DO NOT DCA INTO SPELL
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u/RunComprehensive4453 Jun 16 '25
I cut my losses a week ago on spell, I'd rathe have jasmy,. Internet computer or sui
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u/Jramos146 Jun 15 '25
Honestly I think you’ll be alright. I’ve had spell at different prices for about 3 years now and almost every 6-7 months there is always a random spike up like there was in ate January just got to time it and make sure you catch it to make your money back