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SPELL Price   

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SPELL

Spell Token  

#SPELL

SPELL Price:
$0.00141
Volume:
$0.3 B
All Time High:
$0.035
Market Cap:
$0.2 B


Circulating Supply:
139,085,126,888
Exchanges:
23
Total Supply:
135,068,845,045
Markets:
33
Max Supply:
420,000,000,000
Pairs:
43



  SPELL PRICE


The price of #SPELL today is $0.00141 USD.

The lowest SPELL price for this period was $0, the highest was $0.00141, and the current live price for one SPELL coin is $0.00141306.

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.


  SPELL OVERVIEW


The code for Spell Token is #SPELL.

Spell Token is 2.8 years old.


  SPELL MARKET CAP


The current market capitalization for Spell Token is $196,535,870.

Spell Token is ranked #239 out of all coins, by market cap (and other factors).


  SPELL VOLUME


There is a very large daily trading volume on #SPELL.

Today's 24-hour trading volume across all exchanges for Spell Token is $278,807,689.


  SPELL SUPPLY


The circulating supply of SPELL is 139,085,126,888 coins, which is 33% of the maximum coin supply.

Relatively, Spell Token has a large supply of coins, 6,322 times larger than Bitcoin's supply, for example.


  SPELL BLOCKCHAIN


SPELL is a token on the Ethereum blockchain, and has digital contracts with 3 other blockchains.

See list of the SPELL Blockchain contracts with 4 different blockchains.


  SPELL EXCHANGES


SPELL is integrated with many pairings with other cryptocurrencies and is listed on at least 23 crypto exchanges.

View #SPELL trading pairs and crypto exchanges that currently support #SPELL purchase.


  SPELL RESOURCES


Websiteabracadabra.money
Whitepaperdocs.abracadabra.money
TwitterMIM_Spell
TelegramMIM_Spell
DiscordwcsUNxYrFM
Mediumabracadabra-money/abracadabra-spell-and-magic-inte...


  SPELL NEWS


Bitcoin, Ethereum Technical Analysis: BTC Falls on Saturday, Following B...

    Bitcoin retreated from a brief spell above $27,000 on Saturday, as uncertainty in the market remained high to start the weekend. The global cryptocurrency market was marginally higher to start the weekend, trading 0.42% higher as of writing. Ethereum continued to consolidate above a recent floor of $1,535.Bitcoin Bitcoin (BTC) retreated below the $27,000 level to start the weekend, after a late surge in price on Friday. Following a low of $26,686.32 earlier in Friday's session, BTC/USD peaked at a high of $27,092.70 as the day progressed. Although BTC has since slipped, and is currently trading at $26,866.74, it is still higher than yesterday's bottom. The consolidation comes as the relative strength index (RSI) continues to hover above a floor at the 45.00 mark. Whilst now tracking at 46.72, the next target is likely to be at a ceiling of 50.00, and if hit, bitcoin will be back above $27,000. Overall, bitcoin is trading 4% lower than at the same point last week. Ethereum Ethereum (ETH) is largely unchanged at the time of writing, as the cryptocurrency consolidated to start the weekend. ETH/USD reached a high of $1,571.75 on Friday, however has since fallen to a current reading of $1,546.80. This is slightly higher than yesterday's low at $1,538.09, which was marginally above a support point at $1,535. The drop in price coincides with the RSI failing to breach its own point of resistance at the 40.00 mark. Currently, price strength is at the 37.46 level, with the 10-day mo... read More



Does Kraken's Huge Influx of BTC Spell Trouble for Bitcoin Price?

    The historic influx of 14,924 Bitcoins into Kraken, one of the leading cryptocurrency exchanges globally, has raised questions and piqued the interest of investors, analysts, and enthusiasts alike. It marks a pivotal moment in the market since the influx represented the largest recorded on Kraken since 2018. The sheer volume of BTC deposited into the platform may suggest several potential scenarios, according to the latest analysis by CryptoQuant. Another Correction for Bitcoin? One possibility is that long-term investors are capitalizing on the recent price increases, where Bitcoin blasted past $28.5k, cashing in their profits or seeking a secure haven for their assets amidst market uncertainty. Alternatively, these funds could be part of a strategic move in anticipation of future market developments. BTC Sent to Kraken. Source: CryptoQuant CryptoQuant's data also suggested that a steep drop in Kraken's reserves on June 20th was swiftly followed by a rapid surge in the price of Bitcoin. Such a trend could be indicative of investors' actions to either lock in their gains by converting crypto holdings into fiat currency or diversifying their portfolios by transferring assets into other cryptocurrencies. An increase in exchange inflows is often seen as a harbinger of price turbulence. It signals that investors are sending a large number of coins in a transaction, a hint of potential selling pressure. However, the latest surge in BTC deposits into Kraken does not necessarily ind... read More



Why Bitcoin Spark Could Spell Trouble for Monero and Litecoin

    The DeFi industry is a financial technology ecosystem that is powered by distributed ledger technology, eliminating third-party liabilities such as fees and medium of exchange. As the name suggests, DeFi is actively controlled by community members through decentralized decision-making processes such as voting. DeFi’s sustainability is supported by peer-to-peer transactions held together by different software and hardware, connectivity, and security protocols. DeFi has grown massively since Bitcoin’s mainstream adoption in the 2013 bull market cycle. New projects like Monero and Litecoin emerged to promote the industry’s growth further. However, with its utility and functionalities, this new Bitcoin alternative could render the two networks out of use. What is Monero (XMR)? Monero is an open-source but opaque blockchain network developed to enhance the anonymity of transactions. The platform capitalizes on the egalitarian consensus to mine its native digital asset, XMR. Monero operates under privacy configurations that randomly generate pseudo names from unrelated alphabet and number combinations. The downside of Monero is that the platform could be more beginner-friendly, making it only conducive for experienced Web3 users. What is Litecoin LTC? Litecoin is among the top Bitcoin hard forks in existence today. The platform was established in 2011 to address centralization concerns about the Bitcoin network. Litecoin’s main concern was how large mining f... read More



Bitcoin's (BTC) Quiet Streak May Spell Heightened Volatility Down the Ro...

    Following a period of substantial capital inflows at the beginning of the year, the recent months have witnessed a shift towards either neutral or negative inflows, suggesting a period of stagnation as uncertainty took over the asset class. According to blockchain intelligence platform Glassnode, the market has been hovering on a relatively neutral level since April this year. This aligned with the slow-down in Bitcoin and Ethereum capital inflows and reflects a growing sense of apathy and uncertainty in the market. Heightened Volatility Soon? Even though there was a surge in volatility during the recent drop to $26k and another one when Grayscale scored a victory against the US Securities and Exchange Commission (SEC) in court, Realized Volatility has surprisingly stayed at a consistently low level. 'Liquidity across the digital asset market continues to dry up, with both on-chain and off-chain volumes reaching historical lows. Whilst HODLing remains the market preference, a significant proportion of the supply is teetering on the edge of falling into a significant unrealized loss.' Glassnode's latest insight stated that the market is still in a historically low volatility environment, which is also evident across Bitcoin network settlement volumes. The total USD volume of BTC changing hands is languishing around cycle lows of $2.44 billion per day and has returned to October 2020 levels. The market is currently experiencing minimal profits or losses, indicating that most of... read More



These Bearish Signs Spell Trouble for Bitcoin Amid Rollercoaster at $26K...

    Bitcoin's price has once again been supported at a key level. However, the downtrend may not be over yet, as there are some very bearish signs on the chart. Technical Analysis By Edris The Daily Chart On the daily timeframe, the price has been grappling with the $25K support level for quite a while now. It has rejected the price once more, and the market is seemingly targeting the 50-day and 200-day moving averages. These indicators have finally demonstrated a bearish crossover around the $28K mark, with the 50-day dropping below the 200-day. This is a strong negative trend shift signal, and the price might finally break below $25K and even decline toward $20K. Source: TradingView The 4-Hour Chart On the 4-hour timeframe, things look a bit better for BTC. The price has been forming a large falling wedge pattern with the lower boundary located at the $25K support level. The price is currently trending toward the higher trendline of the pattern, and in case a bullish breakout occurs, a rise back to the $30K resistance zone will be highly probable. The RSI indicator is also showing a clear bullish divergence between the two recent price lows, adding to the probability of a bullish move in the short term. While the signals on the two timeframes analyzed in this post contradict each other, the higher timeframe is always stronger than the lower one. Moreover, Bitcoin's market trend cannot be considered bullish again until it breaks the $30K level to the upside. Source: TradingView ... read More



HarryPotterObamaSonic10Inu Casts Spell On The Memecoin Sector And Soars ...

    While Bitcoin and the crypto market experienced, HarryPotterObamaSonic10Inu and the memecoin sector are blooming. Recent data points to double-digit gains across the board for these assets, with the potential for further profits if Bitcoin and larger cryptocurrencies continue trading sideways. As of this writing, HarryPotterObamaSonic10Inu trades at $0.14, with profits of around 30% during the last 24 hours. On the previous seven days, the token saw a 54% profit, but the last month has been the best in performance, with a 246% increase. HarryPotterObamaSonic10Inu Leads Memecoin Sector’s Gains As Bitcoin Acts Like A Stock Data from market tracker CoinGecko indicates that HarryPotterObamaSonic10Inu’s gains have been followed by ElmoERC and DogeKaki. These cryptocurrencies experienced 10% and 11% rallies’ respectively. Other cryptocurrencies that experienced positive price action in the memecoin sector include Mooncat CAT and Mog Coin. The last of these tokens recorded a 17% increase over the past hour and at the time of writing alone. As Bitcoin, Ethereum, and other significant cryptocurrencies trend sideways, traders are attracted to riskier and volatile assets. In addition, these tokens experienced more volatility as they possessed less trading volume and liquidity. In other words, smaller traders can influence the price action on some of these assets. While on Bitcoin, and even Dogecoin (DOGE), traders need billions of dollars to influence the price actio... read More



New Milestone For Ethereum Could Spell Good News For ETH Price

    The number of Ethereum non-zero addresses, meaning addresses that hold at least some amount of Ether, just reached an all-time high. According to data from Glassnode, this metric which counts only externally owned addresses just reached an all-time high of 104,127,318. But what does this mean for the price of Ethereum? Ethereum Non-Zero Addresses Reach New All-Time High More addresses mean more people are using the network and Ethereum is in the driver's seat when it comes to most application aspects of the crypto industry. As a result, the Ethereum blockchain has seen the highest growth rate in new addresses in recent years.  This growth has been particularly high as more people flock to decentralized finance (DeFi) protocols and non-fungible tokens (NFTs), the majority of which are built on the Ethereum blockchain. As of the time of writing, there are now 104,127,318 Ethereum addresses holding at least one wei, the smallest unit of ETH. Just around two years ago in 2021, this metric was around 50 million addresses, showing a 100% jump during this time.  Although only a fraction of these wallets are active, the high number of non-zero addresses shows the sheer increase in ETH adoption. In the same vein, the number of non-zero Bitcoin addresses only recently reached an all-time high of 47.8 million addresses. More Addresses Means Increased Network Activity and Adoption The growing interest in trading, smart contracts, DeFi, and NFTs will continue to boost the numbe... read More



Binance US to Delist Tron and Spell Tokens Amid Heightened Regulatory Pr...

    According to a recent announcement from Binance US, the American-based subsidiary of the largest cryptocurrency exchange by volume, the exchange plans to delist the cryptocurrency asset tron. The news follows Binance's being sued by the U.S. Commodity Futures Trading Commission (CFTC), and Tron founder Justin Sun's being sued by the Securities and Exchange Commission (SEC) five days earlier. Binance US Reveals Spell and Tron Deslisting Binance US announced that it plans to delist the cryptocurrency assets tron (TRX) and spell (SPELL) on April 18, 2023. The company stated that it periodically reviews the assets it lists, and when a 'digital asset no longer meets our high standards, or industry circumstances change, we conduct a more in-depth review of the affected asset and assess whether further action is necessary (i.e. delisting).' Binance US will close deposits for SPELL and TRX on April 17, 2023, the day before delisting, but withdrawals will remain open. Although it is delisting Tron's native asset TRX, Binance US will continue to support USDT's TRC20 version and USDC issued on the Tron network. Following the delisting news, TRX lost 2.8% of its value against the U.S. dollar, while SPELL lost more than 4%. Spell is associated with the Abracadabra.money project, which issues the stablecoin asset called magic internet money (MIM). The delisting news follows Binance Holdings Ltd. being sued by the CFTC and Tron founder Justin Sun being sued by the SEC. In the SEC lawsuit a... read More



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. DOGE&rsq... read More



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... read More



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... read More



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... read More



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... read More



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... read More



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