Spell Token
Market Open
15 Jun, 08:27
$
0. 000132
-0
-0.1514%
$
595.96M Volume
$ 0.000132
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SPELLUSD Overview
SPELLUSD denotes the market price of Spell Token (SPELL) expressed in US dollars. It shows how much USD is required to buy one unit of SPELL at any given moment and is used to track the token’s fiat-denominated value across markets.
Spell Token is a blockchain-based utility and governance token originally issued for the Abracadabra Money protocol. Launched in 2021 by the Abracadabra development team, SPELL is an ERC-20 token that has been bridged to multiple EVM-compatible chains. It functions as a protocol incentive and voting instrument; its issuance and distribution have featured scheduled emissions rather than a strict fixed supply cap.
The SPELLUSD rate is determined by market forces across centralized and decentralized venues. Liquidity in automated market makers, order book dynamics on exchanges, on-chain metrics such as protocol TVL and user activity, as well as broader crypto market sentiment and macroeconomic news all influence price formation. Arbitrage between venues and changes in protocol fundamentals can also drive short-term movements.
For traders and investors, SPELLUSD provides a direct way to gain exposure to the token’s economic and governance value. Market participants use the pair for speculation, portfolio allocation, hedging, and assessing DeFi ecosystem risk.
SPELL has historically exhibited material volatility and liquidity can vary by venue; attention to order book depth and slippage is advisable when trading.
Spell Token is a blockchain-based utility and governance token originally issued for the Abracadabra Money protocol. Launched in 2021 by the Abracadabra development team, SPELL is an ERC-20 token that has been bridged to multiple EVM-compatible chains. It functions as a protocol incentive and voting instrument; its issuance and distribution have featured scheduled emissions rather than a strict fixed supply cap.
The SPELLUSD rate is determined by market forces across centralized and decentralized venues. Liquidity in automated market makers, order book dynamics on exchanges, on-chain metrics such as protocol TVL and user activity, as well as broader crypto market sentiment and macroeconomic news all influence price formation. Arbitrage between venues and changes in protocol fundamentals can also drive short-term movements.
For traders and investors, SPELLUSD provides a direct way to gain exposure to the token’s economic and governance value. Market participants use the pair for speculation, portfolio allocation, hedging, and assessing DeFi ecosystem risk.
SPELL has historically exhibited material volatility and liquidity can vary by venue; attention to order book depth and slippage is advisable when trading.
SPELLUSD Chart
SPELLUSD FAQ
What is the current Spell Token price?
The current price is $0.000132, based on the latest trades across major cryptocurrency exchanges.
What does the price change mean?
The price has changed by -0 (-0.1514%), showing how much the asset has moved compared to the previous close.
What is the previous close for Spell Token?
The previous close was $0.000132, which serves as a reference point to measure daily performance.
How is the daily change percentage calculated?
The change percentage (-0.1514%) is calculated based on the difference between the current price and the previous closing price.
What does the daily range show?
The range reflects the lowest ($0.000127) and highest ($0.000136) prices traded during the selected period, helping assess volatility.
Why is Spell Token (SPELL) moving today?
Price movements in Spell Token are driven by market sentiment, trading volume, news, adoption, and overall crypto market conditions.
Is the current trend bullish or bearish?
If the current price ($0.000132) is below the previous close ($0.000132), it indicates upward momentum. If below, it suggests a downward trend.
Where can I see live charts for Spell Token?
You can view real-time charts, price updates, and market data for Spell Token (SPELL) directly on this page.
