Spell Token (SPELL): Current Market Overview
As of March 15, 2025, Spell Token (SPELL) is trading at approximately $0.0006552 USD. Over the past 24 hours, it has experienced a price increase of about 0.11%, with trading volumes reaching $13.48 million.
Key Metrics:
Market Capitalization: Approximately $103 million USD.
Circulating Supply: Around 158.58 billion SPELL tokens.
All-Time High: $0.0349 USD, indicating the current price is about 98.13% below its peak.
Recent Performance:
Over the past week, SPELL has seen a modest increase of approximately 0.23%.
About Spell Token:
SPELL serves as the governance and utility token for the Abracadabra.Money platform, a decentralized finance (DeFi) protocol that enables users to borrow the stablecoin Magic Internet Money (MIM) using interest-bearing assets as collateral. Holders of SPELL can stake their tokens to participate in governance decisions and earn rewards.
Market Sentiment:
The community sentiment around SPELL is currently bullish, reflecting optimism about its potential in the DeFi space.
*Please note that cryptocurrency markets are highly volatile. It's essential to conduct thorough research and consider your risk tolerance before making any investment decisions.*