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    Spell Token

    Spell Token priceSPELL

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    SPELL
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    1 SPELL = 0.0005181 USD
    Last updated 2024-10-04 14:28:06(UTC-0)
    Buy SPELL

    Spell Token price live data summary

    The live price of Spell Token is $0.0005181 per (SPELL / USD) today with a current market cap of $77.65M USD. The 24-hour trading volume is $4.28M USD. SPELL to USD price is updated in real time. Spell Token is 1.80% in the last 24 hours. It has a circulating supply of 149,873,000,000 .

    What is the highest price of SPELL?

    SPELL has an all-time high (ATH) of $0.07515, recorded on 2021-11-16.

    What is the lowest price of SPELL?

    SPELL has an all-time low (ATL) of $0.0003498, recorded on 2023-08-17.
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    Spell Token price prediction

    What will the price of SPELL be in 2025?

    Based on SPELL's historical price performance prediction model, the price of SPELL is projected to reach $0.0007855 in 2025.

    What will the price of SPELL be in 2030?

    In 2030, the SPELL price is expected to change by -15.00%. By the end of 2030, the SPELL price is projected to reach $0.001510, with a cumulative ROI of +200.63%.

    Spell Token ratings

    Average ratings from the community
    4.4
    100 ratings
    This content is for informational purposes only.

    About Spell Token (SPELL)

    What Is Spell Token?

    Spell Token is the reward token of the Abracadabra.money ecosystem, a decentralized finance (DeFi) lending platform. This platform diverges from traditional DeFi models by using interest-bearing tokens (ibTKNs) as collateral for loans. These ibTKNs, often liquidity provider tokens, are unique in that they accrue value over time, offering a dynamic form of collateral.

    Abracadabra.money was created by someone with the pseudonym "Squirrel" and Daniele Sesta in 2021. It was initially built on Ethereum but has expanded to Fantom, Avalanche, BNB Chain, Arbitrum, and Optimism.

    Resources

    Official Documents: https://docs.abracadabra.money/learn/

    Official Website: https://abracadabra.money/

    How Does Spell Token Work?

    Abracadabra.money leverages these ibTKNs to mint a USD-pegged stablecoin known as Magic Internet Money (MIM). The platform uses a unique approach called "isolated lending markets," initially pioneered by SushiSwap's Kashi Lending Technology. This method allows users to deposit ibTKNs as collateral and borrow MIM against them. The isolated nature of these markets means that risks are not pooled across the platform, allowing for a diverse range of collateral pairs and mitigating systemic risk.

    SPELL token plays a pivotal role in this ecosystem, facilitating transactions, incentivizing users, and governing the protocol. Users can stake SPELL tokens to participate in governance decisions, influencing key aspects like interest rates and collateral requirements. This governance model ensures that the platform remains decentralized, with decisions made by a community of stakeholders.

    SPELL tokens are not just for governance; they also offer financial incentives. Users can stake SPELL to earn a share of the platform's fees, including interest, borrowing fees, and a portion of liquidation fees from certain markets. This staking mechanism provides a passive income stream, aligning the interests of token holders with the success of the platform. Additionally, SPELL token holders can engage in yield farming by providing liquidity in various pools, further enhancing the token's utility and fostering a robust DeFi ecosystem.

    What Is Spell Token Token?

    Spell Token is the main token used for incentivization within the Abracadabra.money ecosystem. In the beginning, SPELL had a total supply of 420 billion tokens. Later, over half the tokens were burned, leaving 2196 billion tokens remaining as the total supply as of November 2023. At the moment, there are 107.45 billion SPELL tokens in circulation.

    What Determines Spell Token’s Price?

    The price of Spell Token (SPELL), like many cryptocurrencies, is influenced by a complex interplay of factors typical in the blockchain and cryptocurrency markets. One of the primary drivers is market demand and supply dynamics. As a token integral to the Abracadabra.money DeFi platform, SPELL's value is closely tied to the platform's adoption and usage. The more users engage with Abracadabra.money, leveraging its unique lending and borrowing features, the higher the potential demand for SPELL. This demand is further fueled by the token's utility in governance and its role in yield farming, which can attract investors looking for both influence in the DeFi space and opportunities for passive income.

    Another significant factor is the broader cryptocurrency market sentiment. SPELL, like other digital assets, often reflects the general trends in the crypto market. Bullish trends in major cryptocurrencies like Bitcoin and Ethereum can positively impact the price of SPELL, as increased investor interest in the crypto space can lead to capital flowing into altcoins and DeFi tokens. Conversely, bearish market conditions can lead to a decrease in SPELL's price. Additionally, news and developments specific to the Abracadabra.money platform, such as updates, partnerships, and expansions, can directly influence investor perception and, consequently, the price of SPELL. As the DeFi sector continues to evolve, keeping abreast of these factors is essential for anyone interested in the dynamics of SPELL's price movements.

    For those interested in investing or trading Spell Token, one might wonder: Where to buy SPELL? You can purchase SPELL on leading exchanges, such as Bitget, which offers a secure and user-friendly platform for cryptocurrency enthusiasts.

    Spell Token price performance in USD

    24h7 days30 days90 days1 yearAll-time
    +1.80%-16.84%+2.39%-13.80%+7.79%--
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    Spell Token price history in USD

    The price of Spell Token is +7.79% over the last year. The highest price of SPELL in USD in the last year was $0.001869 and the lowest price of SPELL in USD in the last year was $0.0003921.
    TimeLowHigh
    24h$0.0004915$0.0005267
    7d$0.0004915$0.0006353
    30d$0.0004771$0.0006393
    90d$0.0003921$0.0007777
    1y$0.0003921$0.001869
    All-time$0.0003498(2023-08-17, 1 years ago )$0.07515(2021-11-16, 2 years ago )

    Spell Token market information

    Market cap
    $77,645,613.51
    +1.80%
    Fully diluted market cap
    $101,547,432.16
    +1.80%
    Volume (24h)
    $4,284,798.88
    -0.73%
    Market rankings
    Circulation rate
    +76.00%
    24h volume / market cap
    0.0551
    Circulating supply
    149,873,000,000 SPELL
    Total supply / Max supply
    196.01B SPELL
    -- SPELL
    Buy Spell Token now

    Spell Token Social Data

    In the last 24 hours, the social media sentiment score for Spell Token was 3, and the social media sentiment towards Spell Token price trend was Bullish. The overall Spell Token social media score was 0, which ranks 367 among all cryptocurrencies.

    According to LunarCrush, in the last 24 hours, cryptocurrencies were mentioned on social media a total of 1,058,120 times, with Spell Token being mentioned with a frequency ratio of 0%, ranking 470 among all cryptocurrencies.

    In the last 24 hours, there were a total of 204 unique users discussing Spell Token, with a total of Spell Token mentions of 35. However, compared to the previous 24-hour period, the number of unique users increase by 3%, and the total number of mentions has increase by 17%.

    On Twitter, there were a total of 1 tweets mentioning Spell Token in the last 24 hours. Among them, 0% are bullish on Spell Token, 0% are bearish on Spell Token, and 100% are neutral on Spell Token.

    On Reddit, there were 31 posts mentioning Spell Token in the last 24 hours. Compared to the previous 24-hour period, the number of mentions increase by 19% .

    All social overview

    Average sentiment (24h)
    3
    Social media score (24h)
    0(#367)
    Social contributors (24h)
    204
    +3%
    Social media mentions (24h)
    35(#470)
    +17%
    Social media dominance (24h)
    0%
    X
    X posts (24h)
    1
    0%
    X sentiment (24h)
    Bullish
    0%
    Neutral
    100%
    Bearish
    0%
    Reddit
    Reddit score (24h)
    19
    Reddit posts (24h)
    31
    +19%
    Reddit comments (24h)
    0
    0%

    How to buy Spell Token(SPELL)

    Create Your Free Bitget Account

    Create Your Free Bitget Account

    Sign up on Bitget with your email address/mobile phone number and create a strong password to secure your account.
    Verify Your Account

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    Verify your identity by entering your personal information and uploading a valid photo ID.
    Buy Spell Token (SPELL)

    Buy Spell Token (SPELL)

    Use a variety of payment options to buy Spell Token on Bitget. We'll show you how.

    Trade SPELL perpetual futures

    After having successfully signed up on Bitget and purchased USDT or SPELL tokens, you can start trading derivatives, including SPELL futures and margin trading to increase your income.

    The current price of SPELL is $0.0005181, with a 24h price change of +1.80%. Traders can profit by either going long or short onSPELL futures.

    Join SPELL copy trading by following elite traders.

    After signing up on Bitget and successfully buying USDT or SPELL tokens, you can also start copy trading by following elite traders.

    FAQ

    What is the current price of Spell Token?

    The live price of Spell Token is $0 per (SPELL/USD) with a current market cap of $77,645,613.51 USD. Spell Token's value undergoes frequent fluctuations due to the continuous 24/7 activity in the crypto market. Spell Token's current price in real-time and its historical data is available on Bitget.

    What is the 24 hour trading volume of Spell Token?

    Over the last 24 hours, the trading volume of Spell Token is $4.28M.

    What is the all-time high of Spell Token?

    The all-time high of Spell Token is $0.07515. This all-time high is highest price for Spell Token since it was launched.

    Can I buy Spell Token on Bitget?

    Yes, Spell Token is currently available on Bitget’s centralized exchange. For more detailed instructions, check out our helpful How to buy Spell Token guide.

    Can I get a steady income from investing in Spell Token?

    Of course, Bitget provides a strategic trading platform, with intelligent trading bots to automate your trades and earn profits.

    Where can I buy Spell Token with the lowest fee?

    We're pleased to announce that strategic trading platform is now available on the Bitget exchange. Bitget offers industry-leading trading fees and depth to ensure profitable investments for traders.

    Where can I buy Spell Token (SPELL)?

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    Cryptocurrency investments, including buying Spell Token online via Bitget, are subject to market risk. Bitget provides easy and convenient ways for you to buy Spell Token, and we try our best to fully inform our users about each cryptocurrency we offer on the exchange. However, we are not responsible for the results that may arise from your Spell Token purchase. This page and any information included are not an endorsement of any particular cryptocurrency. Any price and other information on this page is collected from the public internet and can not be consider as an offer from Bitget.

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    SPELL is available for trading on the Bitget Exchange, and can be held in custody on Bitget Wallet. Bitget Exchange is also one of the first CEX platforms to support SPELL trades.
    You can trade SPELL on Bitget.

    SPELL/USDT

    Spot

    SPELL/USDT

    Margin

    SPELL/USDT

    USDT-M Futures

    Copy trading

    buylow
    buylow
    insight378/500
    133.85%
    ROI
    Total profit $3,849,873.02
    ATTIC
    ATTIC
    insight420/750
    64.13%
    ROI
    Total profit $6,275.49

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