Spell Token Achieves Market Cap of $87.76 Million (SPELL)

Spell Token (SPELL) traded down 4.3% against the dollar during the twenty-four hour period ending at 8:00 AM ET on May 8th. Spell Token has a total market capitalization of $87.76 million and $4.74 million worth of Spell Token was traded on exchanges in the last 24 hours. One Spell Token token can currently be bought for $0.0008 or 0.00000001 BTC on popular cryptocurrency exchanges. During the last seven days, Spell Token has traded 3.1% higher against the dollar.

Here’s how similar cryptocurrencies have performed during the last 24 hours:

• KILT Protocol (KILT) traded 1.3% lower against the dollar and now trades at $0.30 or 0.00000478 BTC.
• Aidi Finance (BSC) (AIDI) traded 2.2% lower 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 2.2% lower against the dollar and now trades at $0.0809 or 0.00000297 BTC.
• Kitty Inu (KITTY) traded 1.9% higher against the dollar and now trades at $95.84 or 0.00338062 BTC.
• Hokkaidu Inu (HOKK) traded up 1.2% against the dollar and now trades at $0.0004 or 0.00000001 BTC.
• Lego Coin (LEGO) traded flat against the dollar and now trades at $0.0086 or 0.00000013 BTC.
• Jeff in Space (JEFF) traded 2.2% lower against the dollar and now trades at $2.75 or 0.00010076 BTC.
• Lumi Credits (LUMI) traded up 2.5% against the dollar and now trades at $0.0102 or 0.00000016 BTC.
• AXIA Coin (AXC) traded 0.1% lower against the dollar and now trades at $13.43 or 0.00048094 BTC.

About Spell Token

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 107,405,628,969 tokens. Spell Token’s official website is abracadabra.money. Spell Token’s official message board is abracadabramoney.medium.com. 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 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 Coinbase, GDAX or Gemini. Investors can then use their newly-acquired Ethereum or Bitcoin to buy Spell Token using one of the exchanges listed above.

SPELL/USD price chart by TradingView