Spell Token Market Cap Reaches $176.43 Million (SPELL)

Spell Token (SPELL) traded 1.9% lower against the US dollar during the 24-hour period ending at 8:00 AM E.T. on December 8th. Spell Token has a market capitalization of $176.43 million and $18.84 million worth of Spell Token was traded on exchanges in the last day. One Spell Token token can currently be purchased for about $0.0012 or 0.00000001 BTC on major cryptocurrency exchanges. Over the last seven days, Spell Token has traded 17.2% higher against the US dollar.

Here is how similar cryptocurrencies have performed over the last day:

• Aidi Finance (BSC) (AIDI) traded down 2.2% against the dollar and now trades at $0.0000 or 0.00000000 BTC.
• Zoo Token (ZOOT) traded down 2.2% against the dollar and now trades at $0.0652 or 0.00000239 BTC.
• CareCoin (CARES) traded 2.2% lower against the dollar and now trades at $0.0809 or 0.00000297 BTC.
• Hokkaidu Inu (HOKK) traded 1.2% higher against the dollar and now trades at $0.0004 or 0.00000001 BTC.
• Jeff in Space (JEFF) traded down 2.2% against the dollar and now trades at $2.75 or 0.00010076 BTC.
• SolvBTC (SOLVBTC) traded up 0.3% against the dollar and now trades at $99,586.25 or 0.99454111 BTC.
• SolvBTC.BBN (SOLVBTC.BB) traded 0.2% lower against the dollar and now trades at $98,904.05 or 0.98772821 BTC.
• Lumi Credits (LUMI) traded up 8.9% against the dollar and now trades at $0.0162 or 0.00000027 BTC.
• AXIA Coin (AXC) traded 0.1% lower against the dollar and now trades at $13.43 or 0.00048094 BTC.

Spell Token Profile

Spell Token was first traded on May 27th, 2021. Spell Token’s total supply is 196,008,739,620 tokens and its circulating supply is 153,097,917,383 tokens. The official website for Spell Token is abracadabra.money. Spell Token’s official Twitter account is @mim_spell and its Facebook page is accessible here. Spell Token’s official message board is abracadabramoney.medium.com.

According to CryptoCompare, “Spell Token (SPELL) is the utility token of the Spell protocol, which enables permissionless lending and borrowing of crypto assets. SPELL token is used for governance, staking rewards, liquidity mining, and fee discounts. It allows users to participate in decision-making processes and earn rewards for supporting the protocol.”

Spell Token Token Trading

It is usually not presently possible to buy alternative cryptocurrencies such as Spell Token directly using US dollars. Investors seeking to acquire Spell Token should first buy Bitcoin or Ethereum using an exchange that deals in US dollars such as Changelly, Gemini or Coinbase. Investors can then use their newly-acquired Bitcoin or Ethereum to buy Spell Token using one of the aforementioned exchanges.

SPELL/USD price chart by TradingView