|All Time High:|
|Market Cap: |
|The price of #SPELL today is $0.000826 USD.|
The lowest SPELL price for this period was $0, the highest was $0.000826, and the current live price for one SPELL coin is $0.00082648.
The all-time high SPELL coin price was $0.035.
Use our custom price calculator to see the hypothetical price of SPELL with market cap of BTC and how the supply of SPELL affects the price at different market capitalizations.
|The code for Spell Token is #SPELL. |
Spell Token is 1.7 years old.
|The current market capitalization for Spell Token is $92,114,611.|
Spell Token is ranked #232 out of all coins, by market cap (and other factors).
|There is a big daily trading volume on #SPELL.|
Today's 24-hour trading volume across all exchanges for Spell Token is $6,792,224.
|The circulating supply of SPELL is 111,454,253,959 coins, which is 27% of the maximum coin supply.|
Relatively, Spell Token has a large supply of coins, 5,066 times larger than Bitcoin's supply, for example.
More Spell Token (#SPELL) News
|Dogecoin Breaking Past This Key Barrier Could Spell 10% Spike For DOGE
Dogecoin (DOGE) is one of the meme coins that is often underestimated, primarily because of its extremely high volatility and low utility value.
DOGE has trimmed off 8% of its value
Dogecoin bulls aim to trigger price rally
DOGE among most searched crypto
DOGE has sloughed roughly 8% off the coin’s value in the last week, which plunged from $0.07751 to $0.06932. On the brighter side, bulls could trigger a price rally towards $0.07752.
According to data by Coingecko, DOGE price has nosedived by 0.5% in the last 24 hours, and trading at $0.0706 as of this writing.
DOGE To Breach Below Key Support Level
DOGE is seen to breach below the key support line of $0.07109, which presents a buying opportunity with the discounted price.
The key support line has been retested several times from November to December. However, can key support hold it enough to roll out a price rally?
If this price can attract more buyers, then this could precipitate a price rally.
During the following few trading days, the bulls may also attempt to break past the current barrier located at $0.07749, before they could gain 10%.
DOGE is seen to have intensified further in terms of developmental activity, which also influenced the price increase but has dwindled in terms of investor interest.
Despite DOGE being dubbed an underdog, the coin has outpaced other crypto assets in the market. In terms of price movement, Dogecoin is among the best performing memecoins in the 2022 bear market.
|Why This Bitcoin Bearish Divergence Could Spell Doom For BTC Rally
A quant has explained how this bearish divergence in Bitcoin on-chain data can lead to a short-term correction in the price.
Bitcoin Short-Term Holder SOPR Has Been Slowing Down Despite Price Going Up
As explained by an analyst in a CryptoQuant post, a gap has been forming in the purchasing power of short-term holders and the BTC price. The relevant indicator here is the 'Spent Output Profit Ratio' (SOPR), which tells us whether investors in the Bitcoin market are selling their coins at a profit or at a loss right now.
When the value of this metric is greater than 1, it means the overall market is realizing some amount of profit currently. On the other hand, values below the threshold suggest the average holder is seeing some loss at the moment. Naturally, the indicator at exactly equal to 1 implies the investors are just breaking-even on their investment.
The 'short-term holder' (STH) group is a Bitcoin cohort that includes all investors who bought their coins less than 155 days ago. The STH SOPR thus measures the profit ratio of selling being done by these holders. To properly assess the behavior of this group, the analyst is using a 'rate of change' (ROC) oscillator for the indicator. Here is a chart comparing this momentum oscillator with the BTC price over the last few months:
As the above graph shows, the ROC of the Bitcoin STH SOPR had been in deep red when the FTX crash took place, suggesting that these investors capitulated during it and realized a large amount of...
|Uniswap Price Continues Bearish Spell, Can It Move Past $6?
Uniswap price is consistently travelling southward on the one-day chart. UNI's bulls have not been able to break past its immediate support, causing traders to lose confidence.
Over the last 24 hours, Uniswap lost 4% of its value. In the past week, UNI surged 4% on the one-day chart.
The technical outlook of UNI remained mixed with some signals pointing toward the bears taking over the market.
The coin's current support zone was between $5.60 and $5.00, respectively. The bulls have constantly attempted to break past the $5.94 level.
This has caused buyers to leave the market as sellers have entered the one-day price chart. As Bitcoin struggles at $19,000, most altcoins also attempt to move past their immediate price ceilings.
If the Uniswap price continues to witness less demand, then over the next trading sessions the coin can attempt to touch the closest support line.
At the moment, UNI is trading extremely close to the local support line and if buying strength doesn't pick up, the coin will fall below the immediate support line.
Uniswap Price Analysis: One Day Chart
Uniswap was priced at $5.69 on the one-day chart | Source: UNIUSD on TradingView
UNI was trading at $5.69 at the time of writing. The bulls have been defeated at the $5.94 resistance mark a couple of times.
Uniswap price can lose most of its gains if the coin continues to witness less demand. Overhead resistance stood at $5.94.
If UNI falls below that level, it will be reduced to $5.00. The amount of Uniswap tr...
|Ethereum Merge Could Spell Trouble for Distressed Crypto Lender Hodlnaut
Ethereum's pending transition from Proof-of-Work (PoW) to Proof-of-Stake (PoS) can trigger new risks for the troubled crypto lender - Hodlnaut.
The Singapore-based company was one of several firms in the crypto industry that succumbed to the pressures of the downturn after the collapse of Terra ecosystem tokens.
According to a new report, Hodlnaut has warned of risks to its assets if the Merge fuels a 'bout of volatility in virtual coins.'
As such, sudden price movements in the price of the Ethereum-based tokens could prompt 'smart contracts to automatically liquidate the assets,' said the distressed company in the blog post.
One way to alleviate risks, according to Hodlnaut, is to unwind tokens deployed on decentralized finance (DeFi) platforms. However, this move could lead to material losses.
Hodlnaut is currently put under judicial management to protect it from legal proceedings from third parties.
The court-appointed judicial managers have inquired about the estimated losses from such an unwinding and any preventative steps that can be taken to preserve the value of assets.
The anticipation surrounding the Ethereum Merge has reached new highs as it gained recognition from the world's most popular website, which is counting down to the upgrade.
Tech juggernaut Google has added a countdown leading up to the event, with two bears on either side that should merge into one if the upgrade occurs as planned this week.
With just days away, several crypto firms are on the lookou...
|Bitcoin ETP Outflows Spell Bearish Sentiment Among Institutional Investo...
Bitcoin ETPs have become more popular than ever since the SEC approved multiple bitcoin ETPs in the fourth quarter of 2021. They had subsequently had a good run with hundreds of millions of dollars flowing into these ETPs. They provided a way for institutional investors and others who didn’t want any direct exposure to the digital asset to trade on it. However, it seems the wind is starting to change as outflows become the order of the day.
Outflows Rock Bitcoin ETPs
The market is still reeling from entering a new month but the effects of the month of April continue to linger. April sticking to form had recorded the highest monthly net outflows ever recorded in the history of Bitcoin ETPs. In total, there was a total of 14,327 BTC that flowed out of the market in this dreadful month. This, in turn, had caused the total asset under management (AUM) of the digital asset to decline drastically that by the end of the month, there were only 187,000 BTC in AUM.
It is obviously the worst month for the ETPs since they became a thing. The US and Canadian bitcoin ETPs were not spared of the onslaught either. In the US markets, a total of 3,312 BTC had flowed out of the ETFs, while their Canadian counterparts saw an even worse trend with 7,100 leaving BTC ETPs. This translated to a 10% decline in BTC AUM in the North American country.
Outflows rock BTC ETPs | Source: Arcane Research
It is important to note that all US outflows had been recorded in the BITO. Exposure to bitc...
|Weiss Ratings Report Claims Crypto-Backed Home Loans Spell Trouble
A report published on May 2 by the rating agency Weiss Ratings warns that crypto-backed mortgages 'spell risk.' Weiss editor Jon D. Markman said backing a mortgage with crypto is an 'interesting strategy,' but stressed that during these market conditions 'investors should be skeptical.'Weiss Ratings Editor Doesn't Believe Crypto and Mortgages Mix
According to the editor at Weiss Ratings, Jon D. Markman, lenders who allow people to use crypto to back a mortgage might be adding more risk to current market conditions. Markman uses the firm Milo as an example, as the Florida-based digital bank is allowing mortgage investors to use digital currencies as collateral. In Markman's opinion, the trend is similar to the risk-associated home loans that were sold in 2007-2008.
'Pooling risky home loans, then selling them to unsuspecting asset managers, was the recipe for the Great Recession of 2009,' the Weiss editor insists. As long as housing prices continued to climb, homebuyers were able to refinance and everyone got paid, including bondholders.' Markman continued:
However, when housing prices imploded, millions of low credit score borrowers defaulted. The rest is history.
Markman Believes Higher Interest Rates Will Lower Current Home Prices
The Weiss Ratings report further discusses how interest rates are rising thanks to the Federal Reserve's recent rate hikes. Typically, Markman says, higher interest rates add a lot more to the monthly mortgage cost and in time the Weiss editor be...