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✨Ever wished you could summon stablecoins out of thin air? 🧙♂️ With Abracadabra.Money, that’s practically what you’re doing. This magical DeFi protocol lets you deposit interest-bearing tokens (like $yvUSDC, $stETH, etc.) as collateral and conjure up Magic Internet Money (MIM) — a USD-pegged stablecoin. 🪄💵
Enter $SPELL, the governance and reward token of this enchanted ecosystem. Holders of SPELL can vote on key protocol upgrades, emissions, and changes to collateral types. But that’s not all — SPELL can be staked to earn fees generated by the protocol. In true DeFi sorcery fashion, it turns participation into yield.
Built for DeFi natives who want to stay leveraged, yield-bearing, and liquid all at once, Abracadabra has cast its spells across multiple chains like Ethereum, Arbitrum, and Avalanche.
So if you believe in magic yield, tokenized spells, and decentralized alchemy — SPELL is your wizard wand. Just be careful: with great magic comes great responsibility.
#Abracadabra
#SPELL
#MIM
Enter $SPELL, the governance and reward token of this enchanted ecosystem. Holders of SPELL can vote on key protocol upgrades, emissions, and changes to collateral types. But that’s not all — SPELL can be staked to earn fees generated by the protocol. In true DeFi sorcery fashion, it turns participation into yield.
Built for DeFi natives who want to stay leveraged, yield-bearing, and liquid all at once, Abracadabra has cast its spells across multiple chains like Ethereum, Arbitrum, and Avalanche.
So if you believe in magic yield, tokenized spells, and decentralized alchemy — SPELL is your wizard wand. Just be careful: with great magic comes great responsibility.
#Abracadabra
#SPELL
#MIM
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✨ SPELL – Governance Token of Abracadabra Money
• Current price: Approximately $0.00052, slightly down over the past week
• Market capitalization: Nearly 85 million USD
• Total supply: 210 billion SPELL, approximately 78% in circulation
⸻
💡 Role & Tokenomics
• SPELL is the governance token of the Abracadabra.money ecosystem – where users collateralize yield-bearing assets to borrow the stablecoin MIM
• Staking SPELL into sSPELL helps receive revenue sharing from the ecosystem
• Token burn mechanism and fee sharing incentivize long-term holding
⸻
📉 Technical Analysis
• RSI and MACD indicate accumulation at the bottom
• MA200 is still declining, needs to break resistance at $0.00060 to confirm a reversal
• Strong support at $0.00050, if maintained, it could target the range of $0.0008–0.0010
⸻
📰 News & Trends
• DeFi is making a comeback, demand for stablecoins increases helping Abracadabra recover
• SPELL benefits from staking sSPELL for revenue sharing
• The community is monitoring MIM's ability to compete with other stablecoins
⸻
✅ Risks & Outlook
Risks:
• High inflation rate puts selling pressure
• Market liquidity is still thin, prone to strong volatility
Potential:
• SPELL could increase 2–3 times if DeFi recovers and MIM expands market share
• Long-term investment may leverage staking to optimize profits
⸻
📌 Suggested Strategy
• Long-term: Accumulate around $0.00050, take profits when breaking $0.0008–0.0010
• Short-term: Observe the $0.00060 area – if there is a strong breakout, consider entering a position
• Avoid FOMO when there is no clear trend confirmation signal
⸻
#DEFİ #crypto #Staking #MIM #Tokenomics $SPELL
• Current price: Approximately $0.00052, slightly down over the past week
• Market capitalization: Nearly 85 million USD
• Total supply: 210 billion SPELL, approximately 78% in circulation
⸻
💡 Role & Tokenomics
• SPELL is the governance token of the Abracadabra.money ecosystem – where users collateralize yield-bearing assets to borrow the stablecoin MIM
• Staking SPELL into sSPELL helps receive revenue sharing from the ecosystem
• Token burn mechanism and fee sharing incentivize long-term holding
⸻
📉 Technical Analysis
• RSI and MACD indicate accumulation at the bottom
• MA200 is still declining, needs to break resistance at $0.00060 to confirm a reversal
• Strong support at $0.00050, if maintained, it could target the range of $0.0008–0.0010
⸻
📰 News & Trends
• DeFi is making a comeback, demand for stablecoins increases helping Abracadabra recover
• SPELL benefits from staking sSPELL for revenue sharing
• The community is monitoring MIM's ability to compete with other stablecoins
⸻
✅ Risks & Outlook
Risks:
• High inflation rate puts selling pressure
• Market liquidity is still thin, prone to strong volatility
Potential:
• SPELL could increase 2–3 times if DeFi recovers and MIM expands market share
• Long-term investment may leverage staking to optimize profits
⸻
📌 Suggested Strategy
• Long-term: Accumulate around $0.00050, take profits when breaking $0.0008–0.0010
• Short-term: Observe the $0.00060 area – if there is a strong breakout, consider entering a position
• Avoid FOMO when there is no clear trend confirmation signal
⸻
#DEFİ #crypto #Staking #MIM #Tokenomics $SPELL
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##mim 5 times. Increased 📈5 times since I shared it at 0.00057. Easily make thousands of dollars.
Memes are not just viral internet images
They are foundational elements of human culture.
Languages, religions, technologies, and economic systems are all "memeplexes" (complexes of ideas & memes that co-evolve).
In this context, Bitcoin is a memeplex: its core ideas replicate through adoption, education, and community reinforcement.
The fitness of Bitcoin’s memes lies in their alignment with universal principles like scarcity and trustlessness, which resonate in an era of distrust in current centralized systems.
Memes also evolve through variation - Bitcoin meme tokens for example (Runes) have mutated into sub-memes within the network
spreading new mind viruses, developing new culture, adapting to new challenges and environments, and relentlessly snowballing the Godchain into uncharted territory.
Bitcoin + Memes = unmatched power in the attention economy and sci-fi world we’re stepping into.
There’s a reason why you are drawn to what’s happening here.
Know that you are in the right place, at the right time.
See you in the citadel 🪄
$MIM $GIZMO $PUPS
#GIZMO #Pups #runes #mim
They are foundational elements of human culture.
Languages, religions, technologies, and economic systems are all "memeplexes" (complexes of ideas & memes that co-evolve).
In this context, Bitcoin is a memeplex: its core ideas replicate through adoption, education, and community reinforcement.
The fitness of Bitcoin’s memes lies in their alignment with universal principles like scarcity and trustlessness, which resonate in an era of distrust in current centralized systems.
Memes also evolve through variation - Bitcoin meme tokens for example (Runes) have mutated into sub-memes within the network
spreading new mind viruses, developing new culture, adapting to new challenges and environments, and relentlessly snowballing the Godchain into uncharted territory.
Bitcoin + Memes = unmatched power in the attention economy and sci-fi world we’re stepping into.
There’s a reason why you are drawn to what’s happening here.
Know that you are in the right place, at the right time.
See you in the citadel 🪄
$MIM $GIZMO $PUPS
#GIZMO #Pups #runes #mim
See original
Investing in meme coins is all about luck
The closest example is
$PEPE
and $FLOKI
#BinanceAlphaAlert
#mim
The closest example is
$PEPE
and $FLOKI
#BinanceAlphaAlert
#mim
🚨 Magic Internet Money (MIM) Hacked for $13M! Is DeFi Under Attack? 💥
Magic Internet Money (MIM) lending protocols were hacked for 6,260 ETH via Arbitrum, affecting only specific liquidity hubs while GMX protocols and tokens remained unaffected.
#cryptohacks #mim #Arbitrum #defi #breakingnews
Magic Internet Money (MIM) lending protocols were hacked for 6,260 ETH via Arbitrum, affecting only specific liquidity hubs while GMX protocols and tokens remained unaffected.
#cryptohacks #mim #Arbitrum #defi #breakingnews
Interestingly, OG Runes still seem like one of the best ways to get eventual Alkanes exposure. Just buy them and wait for the inevitable Runes to Alkanes bridge, then if Alkanes take off, you’ll get to trade them in the superior Alkanes trading environment (trustless onchain AMM).
Because they’re Runes tho, you’re still hedged on an outcome where Alkakes don’t take off.
I think it’s very hard to go wrong with the top 5 runes right now. Only Runes I’d avoid are ones that rely on Runes provenance ($FEHU etc) or don’t have the resources or desire to bridge. Bonus points to Runes that are particularly nimble and forward thinking ($pups is obvious here).
$DOG $MIM $BILLY $PUPS $GIZMO remain the best r/r among all BTC fungibles imo.
#GIZMO
#dog
#mim
#Pups
#runes
GIZMO•IMAGINARY•KITTEN 😺☮️🌍❤️
Because they’re Runes tho, you’re still hedged on an outcome where Alkakes don’t take off.
I think it’s very hard to go wrong with the top 5 runes right now. Only Runes I’d avoid are ones that rely on Runes provenance ($FEHU etc) or don’t have the resources or desire to bridge. Bonus points to Runes that are particularly nimble and forward thinking ($pups is obvious here).
$DOG $MIM $BILLY $PUPS $GIZMO remain the best r/r among all BTC fungibles imo.
#GIZMO
#dog
#mim
#Pups
#runes
GIZMO•IMAGINARY•KITTEN 😺☮️🌍❤️
See original
The SPELL token is the native currency of the Abracadabra.money protocol, a decentralized lending platform that allows you to use your digital assets as collateral to obtain a stablecoin called MIM (Magic Internet Money)!
Why are people interested in SPELL?
You can benefit from it in governance and voting on protocol decisions.
It is used to pay interest within the platform.
Part of an ecosystem aimed at enabling people to "make money from magic" – literally!
Is it an opportunity?
The currency has gone through phases of ups and downs, but the project continues and has an active community. An opportunity for investors looking for innovative DeFi projects, but of course, you must do your research before any investment.
#Spell #cryptic #defi #MIM
$SPELL
Why are people interested in SPELL?
You can benefit from it in governance and voting on protocol decisions.
It is used to pay interest within the platform.
Part of an ecosystem aimed at enabling people to "make money from magic" – literally!
Is it an opportunity?
The currency has gone through phases of ups and downs, but the project continues and has an active community. An opportunity for investors looking for innovative DeFi projects, but of course, you must do your research before any investment.
#Spell #cryptic #defi #MIM
$SPELL
Top 8 Runes: 24-Hour Performance .
@LeonidasNFT 🏆
@bitcoinwizardry 🏆
@GizmoImaginary 🏆
@billydollarcat 🏆
🏆🏆🏆🏆🏆🏆🏆🏆
@MEonBTC
#MagicEden
#dog
#mim
#GIZMO
@LeonidasNFT 🏆
@bitcoinwizardry 🏆
@GizmoImaginary 🏆
@billydollarcat 🏆
🏆🏆🏆🏆🏆🏆🏆🏆
@MEonBTC
#MagicEden
#dog
#mim
#GIZMO
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