Spell Token (SPELL): Why Is It Pumping & Will It Go Higher?
Cryptocurrency markets are heating up, and Spell Token (SPELL) is making waves. But why is it suddenly pumping? Will it continue to rise? And what are the predictions for 2025? Let's dive in! What Is Spell Token (SPELL)? Spell Token is the native token of Abracadabra.money , a decentralized finance (DeFi) protocol that allows users to leverage interest-bearing assets as collateral to borrow Magic Internet Money (MIM) – a stablecoin. This system provides liquidity while still letting users earn yield on their assets, making it an attractive option in the DeFi space. Why Is SPELL Token Pumping? Several factors are contributing to SPELL’s recent surge: Increased Trading Volume – SPELL’s 24-hour trading volume has spiked to nearly $200 million , signaling strong market activity. Extreme Greed Sentiment – The Crypto Fear & Greed Index is currently at 79 , reflecting high investor confidence. Market-Wide Uptrend – The broader cryptocurrency market is experiencing bullis...