Spell Token (SPELL) Reaches Market Cap of $118.72 Million

Spell Token (SPELL) traded up 2.3% against the dollar during the 24-hour period ending at 8:00 AM ET on March 2nd. In the last seven days, Spell Token has traded 14.2% lower against the dollar. Spell Token has a market cap of $118.72 million and $31.09 million worth of Spell Token was traded on exchanges in the last 24 hours. One Spell Token token can now be purchased for $0.0008 or 0.00000001 BTC on major exchanges.

Here is how other cryptocurrencies have performed in the last 24 hours:

• Taiko (TAIKO) traded 1.8% lower against the dollar and now trades at $0.95 or 0.00001105 BTC.
• 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 2.2% lower against the dollar and now trades at $0.0652 or 0.00000239 BTC.
• CareCoin (CARES) traded down 2.2% 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 2.2% lower against the dollar and now trades at $2.75 or 0.00010076 BTC.
• SolvBTC (SOLVBTC) traded 1.4% higher against the dollar and now trades at $85,577.35 or 0.99885450 BTC.
• SolvBTC.BBN (SOLVBTC.BB) traded up 1.6% against the dollar and now trades at $85,391.65 or 0.99668700 BTC.
• Lumi Credits (LUMI) traded up 8.9% against the dollar and now trades at $0.0162 or 0.00000027 BTC.

Spell Token Profile

Spell Token launched on May 27th, 2021. Spell Token’s total supply is 196,008,739,620 tokens and its circulating supply is 158,018,698,290 tokens. Spell Token’s official message board is abracadabramoney.medium.com. 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.

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.”

Buying and Selling Spell Token

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

SPELL/USD price chart by TradingView