The circulation supply of Spell Token is $94,055,882.40, with a market cap of 107,405,628,969 SPELL. For a comprehensive list of exchanges, visit our crypto exchanges page. To understand Spell Token’s performance over time, consider exploring its price history and ROI. For in-depth analysis and insights on SPELL, check out our crypto insights page.

Usage over time for price:

MIM token minting takes place through a 6/10 multi-sig contract. You can buy Spell for as little as €15 but bear in mind the blockchain fees that are charged for DEX tokens. The market capitalisation of Spell is equal to the value of Spell multiplied by the number of Spell in circulation. Mine is to end food-sector price gouging, have Medicare cover home health care, help new small businesses and first-time home buyers. Trump, she said, would enter office “stewing over an enemies list,” and she said she would walk in “with my to-do list,” including implementing a federal ban on price gouging on groceries. Harris has proposed policies to ward off supermarket and grocery store price gouging.

These cryptos are Spell token alternatives traders can earn with 100x leverage on the platform. Traders can even utilize their staked tokens on Margex staking platform for more profit. Since how to buy ethereum in texas Abracadabra is hosted on the Ethereum blockchain, Spell token is an ERC-20 token that allows staking.

• You can save it for a rainy day or until you’re ready to cash in.
• Check out Tether (USDT) — a popular stablecoin pegged to USD.
• The content published on this website is not aimed to give any kind of financial, investment, trading, or any other form of advice.
• Abracadabra’s other native token is SPELL, which is based on the Ethereum blockchain and works as a governance token.
• Users can farm for SPELL by providing liquidity in one of the numerous pools.

Spell Token price history

The macroeconomic environment can either negatively or positively affect token prices. The factors include regulations and monetary policies like interest rates, inflation, recession, tax rates, consumer protection index (CPI), etc. Many external and internal factors often influence their prices. The following factors contribute to the price fluctuation of cryptos, including SPELL. Users of the Abracadabra can leverage the platform using their position. They could borrow MIM stablecoin using their interest-bearing collateralized assets.

Spell Token USD Overview

In an isolated lending market, the risk is not shared collectively. Users can provide liquidity for any token and if the currency pair loses its liquidity or something happens to the smart contract, only that pair is affected and not the entire platform. This allows Abracadabra to offer various pairs that are not supported by most other decentralized exchanges (DEXs). The technical analysis of Spell token today, December 9, also reveals its performance. Based on the candlestick chart, the spell coin price prediction is entirely bearish. According to experts, 15 technical indicators signal a bearish, while only 9 signal a bullish trend.

The live Spell price today is $0.0008 with a 24-hour trading volume of $21.05M. The table above accurately updates our SPELL price in real time. The price of SPELL is up 0.99% since last hour, up 2.92% since yesterday.

The operation ensures that there’s no collective sharing of risk in the isolated lending market. Only a given pair could bear its risk once there are issues with the smart contract or during a loss of liquidity. Abracadabra uses SushiSwap’s pioneered Kashi Lending Technology for its isolated lending markets. Some processes and operations distinguish Spell token and the Abracadabra protocol from other crypto assets. According to the protocol structure, these stakers will earn rewards in sSPELL (Staked Spell). The reward tokens enable stakers/validators to participate in governance and also earn a share of the MIM interest.

Investors

Also, they could borrow against the stablecoin they borrowed. While SPELL facilitates governance and staking, the platform users can receive loans in MIM, a stablecoin pegged to USD. Currently, the maximum supply of Spell tokens is 196,008.739,620. The token distribution is 30% for team members, 63% for farming incentives, and 7% for its initial DEX offerings on Sushiswap (SUSHI) and Uniswap (UNI). With Spell, you can easily access DeFi with liquidity pools. Liquidity pools are funds that allow users to lend or borrow Spell at competitive interest rates.

All data values are available from Tuesday, November 2021, this is the first day when we got SPELL stock price data. It is a quantitative metric calculating how many individual units of specific cryptocurrency coins/tokens were traded (bought & sold) within the last 24 hours. It’s a direct cryptocurrency’s supply & demand indicator, and is purely related to its market price. Abracadabra.money is a stablecoin lending platform that uses interest-bearing tokens as collateral. After years of analysis of the Spell Token price, crypto experts are ready to provide their SPELL cost estimation for 2030.

Crypto analytics platform PricePrediction estimated spell price at $0.020 in 2030. However, Traders Union forecasts suggest the coin will reach a korea ripple how to store bitcoin on a tattoo maximum of $0.016 in 2030. Even though the general market is bearish now, given the macros at play and the crash of the FTX exchange and its contagion, experts’ spell crypto price prediction is optimistic in the long term. Since the second quarter of 2022, the Feds have been aggressively hiking interest rates, leaving the market bearish. Bitcoin and altcoins prices, including SPELL, massively declined due to the Fed’s hawkish stance on interest rates. Given the ongoing bearish trend in the crypto market, many assets, including SPELL, are in low demand.

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In other words, $21.05M have changed hands within the past 24 hours through trading. Abracadabra.Money’s All Time High (ATH) of $ 0.035 was reached on 2 Nov 2021, and is currently -97.7% down. This offer is only valid for new users who have not installed the app yet. For the last 7 days, SPELL has been in a good upward trend, thus increasing by 13.18%. Spell Token has shown very strong potential lately, and this could be a good opportunity to dig right in and invest. Get the latest crypto news and latest trading insights via the CoinMarketCap blog.

The live Spell faqs about free stock trading services exchange rate varies from moment to moment as transactions take place on exchanges all over the world. Given the volatility of cryptocurrencies, prices can rise or fall significantly in a short period. This token helps people deposit collateral as interest-bearing crypto assets to mint Magic Internet Money (MIM), a stablecoin which is also native to Abracadabra, pegged against the US dollar.