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Spell Token

Spell Token priceSPELL

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SPELL
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1 SPELL = 0.0008905 USD
Last updated 2024-05-27 03:14:30(UTC-0)
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Spell Token price live data summary

The live price of Spell Token is $0.0008905 per (SPELL / USD) today with a current market cap of $95.64M USD. The 24-hour trading volume is $8.14M USD. SPELL to USD price is updated in real time. Spell Token is -0.17% in the last 24 hours. It has a circulating supply of 107,405,630,000 .

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.

Spell Token price prediction

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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 $0.001239 in 2025.

What will the price of SPELL be in 2030?

In 2030, the SPELL price is expected to rise by -15.00%. By the end of 2030, the SPELL price is projected to reach $0.001775, with a cumulative ROI of +99.34%.
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Spell Token price performance in USD

24h7d30d90d1yAll-time
-0.17%+10.30%+0.17%-8.91%+53.98%--
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Spell Token price history in USD

TimeLowHigh
24h$0.0008701$0.0008948
7d$0.0008509$0.001012
30d$0.0007548$0.001012
90d$0.0006842$0.001869
1y$0.0003498$0.001869
All-time$0.0003498(2023-08-17, 284 days ago )$0.07515(2021-11-16, 2 years ago )
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Spell Token market information

Market cap
$95,640,454.27
-0.17%
Fully diluted market cap
$174,538,011.45
-0.17%
Volume (24h)
$8,139,801.96
-4.75%
Market rankings
Circulation rate
+54.00%
24h volume / market cap
0.0851
Circulating supply
107,405,630,000 SPELL
Total supply / Max supply
196.01B SPELL
-- SPELL
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Buy Spell Token for 1 USD
A welcome pack worth 1000 USDT for new Bitgetters!
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Spell Token ratings

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

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

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.

How to buy Spell Token (SPELL)

Buying Spell Token on Bitget is fast and simple.
You just have to create an account, complete identity verification, deposit funds, and your trading journey is all set!
For more information, refer to How to buy Spell Token (SPELL) .

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 $0.0008905, with a 24h price change of -0.17%. 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.

Spell Token news

See more
profileImg

Nearly $5.7M worth of SPELL moved from unknown wallet to BTCTURK

Cointime2024/03/04 08:27
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DWF Labs transferred 150 million SPELL to Binance, approximately US$250,000

Cointime2024/03/01 15:13
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DWF Labs recharged 500 million SPELL to Binance ten hours ago

Cointime2024/02/26 02:36
profileImg

New spot margin trading pairs — ZETA/USDT, SPELL/USDT!

Bitget Announcement2024/02/23 07:40
profileImg

DWF Labs currently holds 1.32 billion SPELLs, with a floating profit of US$770,000.

Cointime2024/02/22 11:05

People are also inquiring about the price of Spell Token.

What is the current price of Spell Token?

We update our Spell Token to USD price in real time. Get the live Price of Spell Token on Bitget.

What is the 24 hour trading volume of Spell Token?

Over the last 24 hours, the trading volume of Spell Token is $8.14M.

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 Abracadabra Money 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.
Buy Spell Token for 1 USD
A welcome pack worth 1000 USDT for new Bitgetters!
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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.

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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

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SPELL/USDT

Margin

SPELL/USDT

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SPELL/USD

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