What is Sperax? Sperax Crypto Project and SPA Token Analysis

In the first section below, we’ll introduce you to the Sperax crypto project and we’ll look at what Sperax is. Then, after addressing the question “What is Sperax crypto?” we’ll dive into the specific aspects of the project. Our focus will then shift to the SPA token, where we’ll initially outline the key features of the SPA crypto asset and then explore its purpose and use case. Now, as traders, our primary concern will be the analysis of the SPA token’s tokenomics, price, and on-chain momentum. Following a comprehensive overview of the Sperax crypto project and its SPA coin, we’ll provide insights into these critical aspects.

Art image - Spearx title with official Sperax Logo

To have some fun, we’ll also present our speculative Sperax coin price prediction. More importantly, you’ll discover how to leverage Moralis Money to formulate your own Sperax coin price prediction based on real-time, on-chain metrics and the asset’s live price. Additionally, we’ll guide you on utilizing Moralis Money’s insights to make informed decisions about buying SPA and ensure you can confidently answer the question, “Where can I buy Sperax?”

What is the Sperax Crypto Project?

Sperax crypto project website

The Sperax crypto project is a blockchain-based financial platform dedicated to revolutionizing traditional finance through innovative decentralized finance (DeFi) solutions. At the core of the Sperax ecosystem is its native token, SPA, which serves as both the governance and value accrual token. 

Essentially, Sperax aims to provide users with modern money solutions. To that end, the platform already offers an auto-yield stablecoin called USDs, a suite of DeFi applications, and a community-driven governance model.

Project Origins and Evolution

The Sperax crypto project is a great example of how the path from the concept to reality can take quite a turn. Launched in 2020 and headquartered in NYC, Sperax initially envisioned a new layer-1 (L1) blockchain. However, it instead transitioned to building the first auto-yield bearing stablecoin: USDs. The protocol’s journey began with a commitment to blockchain technology’s potential to transform financial landscapes.

In August 2020, Sperax released its SPA token, which solidified the project’s commitment to DeFi solutions. Since then, Sperax has evolved and released new features and solutions. In 2021, it also migrated the SPA crypto asset to a new smart contract and launched it on the Arbitrum network.

One of the most recent additions to the Sperax family is Demeter – a protocol focusing on supporting DAOs’ launching and managing decentralized exchange liquidity.

Sperax DAO Governance

graphic art illustration of Sperax DAO

Sperax is also a great example of community-driven decision-making. After all, its governance is facilitated through the Sperax DAO. The latter allows SPA holders to actively participate in proposal discussions, snapshot votes, and the Sperax improvement plan. The DAO operates with decentralized decision-making, aligning with the ethos of blockchain technology and the entire idea of DeFi.

graphic art schematics showing how Sperax crypto and SPA token work

Auto-Yield Stablecoin: USDs

The core of Sperax’s solution, for now, is its seamless auto-yield generation. This is where USDs enter the scene. It is a 100% collateralized stablecoin on Arbitrum, backed by on-chain collateral and designed for auto-yield generation.

Holders benefit from market-driven organic yield without the need for staking or claim actions. The protocol’s approach combines the scalability of algorithmic stablecoins with the stability of collateralized counterparts.

The Sperax Ecosystem

Sperax ecosystem chart - Highlighting products, token, DAO, and ecosystem components.

The above image offers a proper overview of the expanding Sperax ecosystem. Plus, to properly wrap up our “What is Sperax crypto project?” discussion, we offer the following list, which offers a proper birds-view picture of what Sperax is all about:

  • USDs (Stablecoin): Sperax’s native stablecoin, USDs, is a 100% collateralized stablecoin designed for auto-yield generation.
  • SPA (Governance and Value Token): SPA serves as the governance and value accrual token within the Sperax ecosystem. You can find out more about the SPA crypto coin below.
  • VeSPA (Staking Token): VeSPA represents staked SPA, providing holders with proportional voting power and staking rewards. 
  • XSPA (Reward Token): Introduced to enhance the reward structure, xSPA is a token that users can stake as veSPA or redeem for SPA.
  • Sperax DAO (Decentralized Governance): The Sperax DAO is a community-driven entity overseeing governance decisions for the ecosystem. 
  • Sperax Gauge (Reward Emission Mechanism): Operating since early 2023, Sperax Gauge emits SPA rewards to USDs trading pairs on the Demeter protocol.
  • Demeter Protocol (Liquidity Management): Demeter is a protocol designed for DAOs to launch and manage decentralized exchange liquidity on Uniswap V3 and Camelot V2. 
  • Staking Protocol: Sperax’s staking protocol allows SPA holders to stake tokens on Arbitrum or Ethereum, receiving veSPA tokens in return.  

What is the SPA Token?

Official graph illustration by Sperax - Showing the SPA token

If you’ve covered the above sections properly, covering the “What is Sperax crypto?” topic, you should clearly understand what the project and SPA token entail. However, to solidify your understanding before analyzing SPA’s chart and having fun with our Sperax coin price prediction, let’s explain the gist of the SPA crypto asset.

So, what is the Sperax crypto token? The SPA cryptocurrency, or the Sperax token, is the native utility token at the heart of the Sperax ecosystem. SPA serves dual roles as a governance token and a value accrual asset. Launched on both Ethereum and Arbitrum, SPA plays a pivotal role in shaping the decentralized finance (DeFi) landscape fostered by Sperax.

SPA has a total supply distributed across Ethereum and Arbitrum networks. Its circulation is meticulously calculated, taking into account various factors such as locked wSPA, major wallet holdings, and staking protocol balances.

Purpose and Use Cases of the SPA Cryptocurrency

SPA serves as a governance token, enabling holders to actively participate in decision-making through the Sperax DAO. Furthermore, SPA holders can stake their tokens to gain governance power and earn a share of protocol fees. With a deflationary design, SPA also benefits from a burn mechanism, reinforcing its scarcity over time.

Outside of the Sperax ecosystem, the SPA token can be freely traded across all centralized exchanges (CEXs) and decentralized exchanges (DEXs) that support its trading pairs. Thus, it may serve as a means to transfer value as well as to store it. 

Full SPA Crypto Analysis

Before we dive into the SPA price and explain how you can use Moralis Money to explore the asset’s real-time, on-chain metrics, we ought to look at SPA’s tokenomics. After all, SPA’s tokenomics are key parts of SPA’s fundamentals. And while pumpamentals often prevail in the short term, in the long run, proper fundamentals tend to be one of the keys to success. 

SPA Tokenomics whitepaper documentation

Tokenomics

If you wish to explore the specifics of the SPA crypto asset’s tokenomics, then make sure to visit the above-outlined page. This is where you can learn what the calculation logic behind the SPA circulating supply is like and explore all the important contract and wallet addresses.

However, here’s the gist of SPA’s tokenomics:

  • Token name: Sperax
  • Symbol/ticker: SPA or $SPA
  • Network: Arbitrum and Ethereum
  • Token type: ERC-20
  • Smart contract addresses:
    • 0x5575552988A3A80504bBaeB1311674fCFd40aD4B (Arbitrum)
    • 0xB4A3B0Faf0Ab53df58001804DdA5Bfc6a3D59008 (Ethereum)  
  • Maximum supply: 5,000,000,000 $SPA
  • Current total supply: Around 4,610,000,000 $SPA (December 2023)
  • Circulating supply: Approximately 1,691,000,000 $SPA (on December 1, 2023)
  • Initial token allocation and vesting: See documentation page  
SPA crypto Etherscan and Arbiscan pages

SPA Token Price Action

The following weekly chart on a logarithmic scale includes the entire price action for the SPA token so far:

What is Sperax Sperax Crypto Project and SPA Token Analysis-price-chart-weekly-log-scale

By looking at the above image, you can see that the SPA crypto coin has been through a lot. It started trading around $0.03 in the second half of August 2020. At the time, Bitcoin was experiencing a smaller correction from around $12K to approximately $10K. As such, this is the most likely reason for the initial SPA pullback, which was rather significant. It brought $SPA down by nearly 80%.

However, as the entire crypto market continued to climb, so did SPA, reaching $0.05 in February and again in May 2021. But after that second peak, the asset pulled back by 82%, revisiting the $0.009 level. From there, the SPA token started another impressive rally, which eventually increased the SPA price by more than 26x. 

Of course, this massive move had several corrections along the way, the most significant one taking place during mid-September and early December 2021. This is when SPA lost 74% value compared to its peak at $0.15 on September 18, 2021. After its all-time high (ATH) at approximately $0.24 on March 23, 2022, SPA started to lose momentum. For about a month and a half, the price managed to stay above $0.12; however, it plummeted further on May 10, 2022. By the end of June, $SPA reached as low as $0.0043. The price stayed just above those levels until early August, when a relief rally took place. It offered a 400%-plus increase but wasn’t able to take $SPA $0.025. And eventually, the price went even lower than the June low, reaching as low as $0.0034 on January 12, 2023.

Daily log scale for the Sperax crypto coin - SPA

Bottoming Out in 2023

After the aforementioned low in January 2023, the SPA token started to recover with the rest of the crypto market. However, the asset’s price was extremely volatile between the support at $0.0038 and resistance at around $0.012.

On May 2, 2023, the SPA crypto token finally broke above the $0.012 level, nearly reaching $0.016. However, it turned out that this was a fake breakout, and the price returned to its previous lows. In fact, it went even lower and set $SPA’s all-time low (ATL) on September 22, 2023, at $0.0032.

Next came a 48% relief rally, followed by another visit to the ATL region on October 19. However, as Bitcoin and most of the crypto markets rallied in October and November 2023, so did $SPA. From the aforementioned low, it increased by nearly 120% in 42 days, crossing the $0.006 barrier and wicking as high as $0.0073 on November 30, 2023. You can see the entire 2023 $SPA token price action on the above daily chart (log scale).

$SPA Technical Analysis (TA)  

When it comes to TA, there are countless tools and indicators we can use to try and make some sense out of the assets’ price action. However, for the sake of this article, we decided to focus on the key levels of support and resistance and the crypto Money Line indicator

So, here’s a weekly SPA chart that includes all the most significant support and resistance levels: 

SPA Crypto TA chart with support and resistance levels

As far as the Money Line indicator goes, the SPA crypto asset is bullish, both on daily and weekly timeframes:

Money Line indicator for the SPA crypto

Note: You can get your hands on the Money Line indicator for free once you opt for the Moralis Money Starter or Pro plan.

Sperax (SPA) Coin Price Prediction

If the entire crypto market continues to climb, SPA could also increase in value a lot. However, we don’t want to set our Sperax coin price prediction any higher than $0.075. Of course, this is highly speculative, and you should take it with a grain of salt.

Instead, you should use the Moralis Money page presented in the following section to come up with your own short-term Sperax coin price prediction as regularly as you wish. After all, that page enables you to view the SPA token’s live price on a dynamic chart, as well as the coin’s real-time, on-chain metrics.  

Is Sperax Coin a Good Investment?

We leave it up to you to answer the above question. After all, only you know your current financial situation and your personal risk tolerance.

Should-you-buy-or-not-$SPA

However, using the above sections, you should be able to decide whether you find SPA and the Sperax crypto project interesting. If yes, then you should research this potential opportunity. Fortunately, you can do this with ease using the Moralis Money Sperax ($SPA) token page. On that page, you’ll find all the tools and resources that will help you answer the above question with confidence. 

Particularly important are the Alpha Metrics and the Price Chart sections. After all, they provide insights into the asset’s live price and real-time, on-chain metrics. So, aside from using these insights to come up with your own short-term Sperax coin price prediction, they’ll tell you if/when to buy the SPA token.

If you find the Sperax crypto token interesting, follow the above “$SPA” link or simply use the interactive widget below and research this altcoin properly today:

Where Can I Buy Sperax?

If you took a proper look at the above-presented page, you probably already noticed the “Buy” button. Well, very soon, this will be the best answer to “Where can I buy Sperax?” However, for now, Moralis Money doesn’t yet support swapping Sperax. 

However, there are many other DEXs and CEXs where you can buy $SPA. You can find all the candidates for the answer to “Where can I buy Sperax?” on the Sperax crypto project’s official website:

Where can I buy SPA

What is Sperax? Sperax Crypto Project and SPA Token Analysis – Key Takeaways

  • What is Sperax crypto? The Sperax crypto project’s main achievement is the auto-yield producing stable coin USDs. However, “Sperax” is also the name of the project’s native coin, as well as SPA.
  • The SPA crypto asset’s primary role is to serve as a governance token.
  • $SPA’s price has been through a lot and is currently way below its ATH levels.
  • If the rest of the crypto market stays bullish, $SPA has the potential to go significantly higher by the end of the next bull market.
  • Our speculative Sperax coin price prediction points to $0.075. 
  • Use the Moralis Money $SPA token page to determine if/when to buy this cryptocurrency.
  • To answer “Where can I buy Sperax?” visit the project’s official website and hit the “Get SPA” button.

Before you move on, let’s remind you that $SPA is just one of many altcoin opportunities. Using Moralis Money’s core feature – Token Explorer, you can find which crypto will explode in 2024 with ease. Among all the available crypto trading tools, Token Explorer makes spotting the best altcoin opportunities as easy as pie.

Unlike other blockchain analytics tools, Moralis Money keeps things fun and simple but, at the same time, provides you with the most powerful crypto analysis tools and features. After all, Moralis Money is the best crypto pump detectorcrypto scannercrypto whale tracker, and much more!

Make sure to watch the video below and learn how you can start making the most of Token Explorer today!

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WRITTEN BY Matic PircI am an SEO writer, a content creator, a digital marketing specialist, and above all an entrepreneur, with a strong passion for crypto. I believe blockchain technology has a massive potential in helping us create a better, more just, transparent, and globally united future.
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