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Spell Token

SPELL

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Market

Market stats

Market cap

$158.5M

Volume (24h)

$71.6M

Circulating supply

107.4B SPELL

Typical hold time

56 days

Popularity

#354

All time high

$0.0349

Price change (1h)

-3.13%

Price change (24h)

-4.04%

Price change (7d)

+52.41%

About Spell Token

SPELL is an Ethereum token that governs Abracadabra.money, a platform that lets users deposit collateral in the form of interest-bearing crypto assets (such as yvYFI, yvUSDT, yvUSDC, xSUSHI) in order to mint MIM, a stablecoin that attempts to maintain a value of US$1.00. SPELL can be staked to earn sSPELL, which grants governance rights and other rewards.

Spell Token (SPELL) is a reward token associated with Abracadabra.money, a lending platform that utilizes interest-bearing tokens (ibTKNs) as collateral to borrow a USD-pegged stablecoin known as Magic Internet Money (MIM). The platform employs Kashi Lending Technology, which allows for isolated lending markets, enabling users to adjust their risk tolerance based on the collateral they choose to use. Users can deposit collateral and borrow MIM against it. Additionally, Abracadabra provides yield farming opportunities where users can stake their liquidity provider (LP) tokens to farm SPELL, aiming to enhance liquidity for certain cryptocurrency pairs.

News about Spell Token

BeInCrypto • Mar 04, 24

Interview | MetaMask & Consensys Staking: Exploring Validator Staking on the MetaMask Portfolio

Staking can be a complicated process, but with the addition of validator staking to MetaMask Portfolio, the platform is taking the lead in making it easier.  Bypassing the complex software and hardware requirements typically linked with validator nodes, this new approach enables users to engage i...

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CoinDesk • Mar 04, 24

Bernstein Expects DeFi to Make a Big Comeback

Six out of the top ten revenue-generating protocols are DeFi applications, the report said.

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CoinDesk • Mar 04, 24

First Mover Americas: Bitcoin Surpasses $65K, Meme Tokens Rally

The latest price moves in bitcoin (BTC) and crypto markets in context for March 4, 2024. First Mover is CoinDesk’s daily newsletter that contextualizes the latest actions in the crypto markets.

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DL News • Mar 04, 24

BlackRock’s Bitcoin ETF tops $10bn in record time. Next $10bn will be even ‘easier’, analyst says

The Bitcoin rally will see BlackRock’s spot Bitcoin ETF breach the $20 billion in total assets under management barrier, analysts say.

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CoinDesk • Mar 04, 24

Omni Network Signs $600M Restaking Deal With Ether.Fi to Enhance Security

Liquid restaking protocol Ether.Fi will commit $600 million worth of ether {{ETH}} in a delegation deal to secure the Omni Network.

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CoinDesk • Mar 04, 24

USDR Issuer Tangible Plans to Redeem Itself as a Layer-2 for Real-World Assets

First came the literal redemption for failed stablecoin USDR. Now comes the metaphorical redemption as Tangible changes its name to re.al.

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Coinbase Bytes

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Spell Token is on the rise this week.

The price of Spell Token has decreased by 3.13% in the last hour and decreased by 4.04% in the past 24 hours. Spell Token’s price has also risen by 52.41% in the past week. The current price is $0.0015 per SPELL with a 24-hour trading volume of $71.61M. Currently, Spell Token is valued at 95.82% below its all time high of $0.0349. This all-time high was the highest price paid for Spell Token since its launch.

The current circulating supply of Spell Token is 107,405,628,968.525 SPELL which means that Spell Token has as total market cap of 107,405,628,968.525.

FAQ

What is the current price of Spell Token?

We update our Spell Token to USD currency in real-time. Get the live price of Spell Token on Coinbase.

What is the market cap of Spell Token?

The current market cap of Spell Token is $158.51M. A high market cap implies that the asset is highly valued by the market.

What is the all time high of Spell Token?

The all-time high of Spell Token is $0.0349. This all-time high is highest price paid for Spell Token since it was launched.

What is the 24 hour trading volume of Spell Token?

Over the last 24 hours, the trading volume of Spell Token is $71.61M.

What other assets are similar to Spell Token?

Assets that have a similar market cap to Spell Token include Ren, Alitas, Banana Gun, and many others. To see a full list, see our comparable market cap assets.

How many Spell Token are there?

The current circulating supply of Spell Token is 107 billion.

What is the typical holding time of Spell Token?

The median time that Coinbase customers hold Spell Token before selling it or sending it to another account or address is 56 days.

What is the relative popularity of Spell Token?

Spell Token ranks 71 among tradable assets on Coinbase. Popularity is currently based on relative market cap.

What is the current trading activity of Spell Token?

Currently, 94% of Coinbase users are buying Spell Token. In other words, 94% of Coinbase customers have increased their net position in Spell Token over the past 24 hours through trading.

Can I buy Spell Token on Coinbase?

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

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