Spell Token (SPELL) Achieves Market Capitalization of $78.46 Million

Spell Token (SPELL) traded down 3.3% against the dollar during the 1-day period ending at 15:00 PM E.T. on August 31st. One Spell Token token can now be purchased for about $0.0005 or 0.00000001 BTC on cryptocurrency exchanges. Spell Token has a total market cap of $78.46 million and $2.92 million worth of Spell Token was traded on exchanges in the last day. Over the last seven days, Spell Token has traded 18% lower against the dollar.

Here’s how related 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.
• 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.
• MVP Coin (MVP) traded down 3.6% against the dollar and now trades at $0.0497 or 0.00000084 BTC.
• 2G Carbon Coin (2GCC) traded 0.4% lower against the dollar and now trades at $0.0480 or 0.00000183 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 148,162,718,725 tokens. Spell Token’s official Twitter account is @mim_spell and its Facebook page is accessible here. Spell Token’s official website is abracadabra.money. 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 currently possible to purchase alternative cryptocurrencies such as Spell Token directly using US dollars. Investors seeking to trade Spell Token should first purchase Bitcoin or Ethereum using an exchange that deals in US dollars such as GDAX, Coinbase or Gemini. Investors can then use their newly-acquired Bitcoin or Ethereum to purchase Spell Token using one of the exchanges listed above.

SPELL/USD price chart by TradingView