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Spell Token(SPELL)

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$0.000692
(-5.75%)
0.00000001 BTC
Market Cap (Rank#369)
$101,788,879
1,508 BTC
Vol 24h
$14,829,196
219.759 BTC
Circulating Supply
147,015,802,136.74
Max Supply
196,008,739,620
1 day agonulltx
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61 day agocoindesk
UK Sets July 4 Date for Election Likely to Oust Conservative Party, Spelling Uncertainty for Crypto Hub Plans
The Labour Party has been silent on crypto, but said it is interested in promoting tokenization in the country.
146 days agonulltx
Spell Token (SPELL) Surges Amidst DWF Labs’ Strategic Moves
In recent market developments, Spell Token (SPELL), the native cryptocurrency of Abracadabra Money, has witnessed a notable surge in its value, marking a remarkable 13% increase in the last 24 hours and an impressive 59% surge over the past seven days.  This surge in price follows a series of significant […]
202 days agocryptopotato
Dump Incoming? Miners Offload BTC To Exchanges
Analysis suggests that miners moving BTC to exchanges spells bad news for Bitcoin’s price.
224 days agocryptodaily
This Market Correction Could Spell Breakout for Cardano (ADA) and Solana (SOL), Setting Stage for Triple-Digit Gains by 2024
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255 days agocointelegraph
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264 days agocoindesk
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Those approving ads for other crypto companies are already facing regulatory scrutiny – and will soon need new permissions to continue.
291 day agocoindesk
Michael Lewis Was Charmed by Sam Bankman-Fried – But So Was Everyone Else
Michael Lewis is getting slammed for a relatively sympathetic portrayal of SBF. The larger question is: Why did so many people fall under Sam’s spell?
292 days agocryptopotato
Does Kraken’s Huge Influx of BTC Spell Trouble for Bitcoin Price?
Approximately $410.9 million worth of Bitcoin entered Kraken's wallets, marking the largest inflow in nearly five years.
299 days agocointelegraph
Will Bitcoin price hold $26K ahead of monthly $3B BTC options expiry?
Bitcoin trading volumes at a five-year low and the S&P 500 reaching its lowest levels in over three months could spell trouble for BTC bulls.
302 days agocryptopotato
Why Bitcoin Spark Could Spell Trouble for Monero and Litecoin
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312 days agozycrypto
FTX Gets Go-Ahead to Sell Crypto Assets, And No, It Does Not Spell Doom for Solana, Bitcoin, Ether, XRP
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313 days agocryptopotato
Bitcoin’s (BTC) Quiet Streak May Spell Heightened Volatility Down the Road: Glassnode
Short-term Bitcoin holders appear to be teetering on the edge of profitability, but the current lull might signal imminent volatility.
314 days agocryptopotato
These Bearish Signs Spell Trouble for Bitcoin Amid Rollercoaster at $26K (BTC Price Analysis)
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318 days agocointelegraph
The Fed could lose $100B — Does this spell catastrophe for Bitcoin?
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327 days agocryptodaily
Leading Edtech Firm TinyTap Launches AI-Generated Games And Content
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342 days agocryptodaily
As Shiba Inu (SHIB) Dogecoin (DOGE) Waver, Pomerdoge (DOGE)'s Presale Becomes the New Memecoin Magnet
Amidst the wavering performance of well-known Memecoins such as Shiba Inu (SHIB) and Dogecoin (DOGE), Pomerdoge (POMD) emerges as a fresh attraction. Currently, in its presale phase, Pomerdoge is quickly becoming the new memeCoin magnet, demonstrating the unending appetite for new ventures in the dynamic cryptocurrency market. Let's take a closer look. Click Here To Find Out More About The Pomerdoge (POMD) Presale Pomerdoge (DOGE): Early Adopters and The Race to Buy POMD Pomerdoge is breaking new ground in the meme cryptocurrency arena, coupling the allure of meme culture with a dynamic play-to-earn gaming environment and a sound token structure. Although it bears some resemblance to Shiba Inu as an Ethereum-based meme coin, Pomerdoge's appeal lies in its unique offerings. At the heart of Pomerdoge's distinctiveness is an integrated ecosystem, featuring an engaging P2E gaming platform and a bustling marketplace called Pomerplace. The gaming platform enables players from across the globe to compete and earn rewards, while Pomerplace provides a vibrant hub for trading in-game assets. The driving force behind this multifaceted universe is the POMD token. Not just a means of exchange, POMD unlocks various rewards and special functionalities within the platform, which promotes user loyalty and sustainable growth for the project. Financial pundits are forecasting an astonishing 5,000% surge in Pomerdoge's value come 2024. This is, in part, due to the current low price of $0.07 during the first phase of the presale. By joining the presale, early adopters can cement their position in what promises to be an exciting new chapter in the world of meme cryptocurrencies. More than 100 million POMDtokens have already been purchased, and the number is increasing daily. Pitting Shiba Inu (SHIB)'s Limited Utility Against Pomerdoge(POMD)'s Offerings Shiba Inu burst onto the cryptocurrency scene with a bang as it tried to topple Dogecoin as the biggest meme coin. Shiba Inu has been a wild ride since then, with its value shooting up and crashing back down multiple times in the span of a few months. Shiba Inu is now trading 88% below its all-time high at just $0.00001030. The euphoria and frenzy that once surrounded Shiba Inu seem to have dimmed, primarily because its intrinsic value appeared limited. Shiba Inu lacked a clear utility beyond being just a meme, rendering it no different from Dogecoin. This is in stark contrast to Pomerdoge, which offers both a meme coin and an array of practical uses. As the Shiba Inu craze subsides, many investors are turning their attention towards Pomerdoge — a new and exciting project that offers investors the best of both worlds. Dogecoin (DOGE): Analyzing the Shift in Investor Interest The crypto realm is currently under a bearish spell, and Dogecoin is taking the brunt of it. Dogecoin is now a whopping 90% under its 2021 peak of $0.79, with a 2% decline in the last 24 hours alone. Dogecoin may not tout cutting-edge technology, but it boasts a position within the top 20 coins on CoinMarketCap, largely thanks to its humorous origin and loyal following of supporters. However, this lack of utility limits just how high Dogecoin can go. Analysts predict that Dogecon will continue to range in the tight trading window of $0.050 to $0.010 in the near term. It seems Dogecoin might have to wait in the wings for the next altcoin surge to steal the spotlight. In comparison, Pomerdoge is now emerging as the new shining star within meme coins. As evidenced by the sale of 100 million tokens already, Pomerdoge is not affected by the current bearish market trends that have weighed down on Dogecoin and Shiba Inu. Find out more about the Pomerdoge (POMD) Presale Today Website: https://pomerdoge.com/ Telegram Community: https://t.me/pomerdoge Disclaimer: This is a sponsored press release and is for informational purposes only. It does not reflect the views of Crypto Daily, nor is it intended to be used as legal, tax, investment, or financial advice.
342 days agocryptodaily
As Shiba Inu (SHIB) Dogecoin (DOGE) Waver, Pomerdoge (DOGE)'s Presale Becomes the New Memecoin Magnet
Amidst the wavering performance of well-known Memecoins such as Shiba Inu (SHIB) and Dogecoin (DOGE), Pomerdoge (POMD) emerges as a fresh attraction. Currently, in its presale phase, Pomerdoge is quickly becoming the new memeCoin magnet, demonstrating the unending appetite for new ventures in the dynamic cryptocurrency market. Let's take a closer look. Click Here To Find Out More About The Pomerdoge (POMD) Presale Pomerdoge (DOGE): Early Adopters and The Race to Buy POMD Pomerdoge is breaking new ground in the meme cryptocurrency arena, coupling the allure of meme culture with a dynamic play-to-earn gaming environment and a sound token structure. Although it bears some resemblance to Shiba Inu as an Ethereum-based meme coin, Pomerdoge's appeal lies in its unique offerings. At the heart of Pomerdoge's distinctiveness is an integrated ecosystem, featuring an engaging P2E gaming platform and a bustling marketplace called Pomerplace. The gaming platform enables players from across the globe to compete and earn rewards, while Pomerplace provides a vibrant hub for trading in-game assets. The driving force behind this multifaceted universe is the POMD token. Not just a means of exchange, POMD unlocks various rewards and special functionalities within the platform, which promotes user loyalty and sustainable growth for the project. Financial pundits are forecasting an astonishing 5,000% surge in Pomerdoge's value come 2024. This is, in part, due to the current low price of $0.07 during the first phase of the presale. By joining the presale, early adopters can cement their position in what promises to be an exciting new chapter in the world of meme cryptocurrencies. More than 100 million POMDtokens have already been purchased, and the number is increasing daily. Pitting Shiba Inu (SHIB)'s Limited Utility Against Pomerdoge(POMD)'s Offerings Shiba Inu burst onto the cryptocurrency scene with a bang as it tried to topple Dogecoin as the biggest meme coin. Shiba Inu has been a wild ride since then, with its value shooting up and crashing back down multiple times in the span of a few months. Shiba Inu is now trading 88% below its all-time high at just $0.00001030. The euphoria and frenzy that once surrounded Shiba Inu seem to have dimmed, primarily because its intrinsic value appeared limited. Shiba Inu lacked a clear utility beyond being just a meme, rendering it no different from Dogecoin. This is in stark contrast to Pomerdoge, which offers both a meme coin and an array of practical uses. As the Shiba Inu craze subsides, many investors are turning their attention towards Pomerdoge — a new and exciting project that offers investors the best of both worlds. Dogecoin (DOGE): Analyzing the Shift in Investor Interest The crypto realm is currently under a bearish spell, and Dogecoin is taking the brunt of it. Dogecoin is now a whopping 90% under its 2021 peak of $0.79, with a 2% decline in the last 24 hours alone. Dogecoin may not tout cutting-edge technology, but it boasts a position within the top 20 coins on CoinMarketCap, largely thanks to its humorous origin and loyal following of supporters. However, this lack of utility limits just how high Dogecoin can go. Analysts predict that Dogecon will continue to range in the tight trading window of $0.050 to $0.010 in the near term. It seems Dogecoin might have to wait in the wings for the next altcoin surge to steal the spotlight. In comparison, Pomerdoge is now emerging as the new shining star within meme coins. As evidenced by the sale of 100 million tokens already, Pomerdoge is not affected by the current bearish market trends that have weighed down on Dogecoin and Shiba Inu. Find out more about the Pomerdoge (POMD) Presale Today Website: https://pomerdoge.com/ Telegram Community: https://t.me/pomerdoge Disclaimer: This is a sponsored press release and is for informational purposes only. It does not reflect the views of Crypto Daily, nor is it intended to be used as legal, tax, investment, or financial advice.
349 days agocryptodaily
Solana-based Cypher Protocol Suffers $1M Exploit
Cypher Protocol, a decentralized futures exchange operating on the Solana blockchain, disclosed on August 7th that a significant security breach occurred on their platform. The breach led to an estimated unauthorized transfer of assets valued at around $1 million. Swiftly addressing the event, Cypher Protocol informed its community of followers on X (formerly Twitter) and took immediate action by freezing its associated smart contract. A statement from the firm emphasized their responsive action: "Cypher has experienced a security incident. The smart contract has been frozen. Investigations are ongoing. The team is currently working with individuals and investigating. To the hacker: We are writing to see whether you would be open to speaking with us about any potential next steps." Data sourced from the Solana blockchain explorer, Solscan, has been invaluable in providing insights into the breach. It appears that the attacker or attackers absconded with a considerable 38,530 Solana (SOL) tokens in addition to $123,184 USD Coin (USDC). In sum, these unauthorized transactions amounted to roughly $1,035,203. What has raised eyebrows in the aftermath of the breach was the movement of the alleged funds. Within a short span following the exploit, a sum of 30,000 USDC from the contentious wallet was rerouted to Binance’s specific Solana USDC address. The rapidity of these fund movements highlights the speed at which digital assets can change hands, emphasizing the need for robust security measures and real-time monitoring. Community Response and Calls for Accountability The aftermath of the exploit was punctuated by unique, digital-era responses. Members from the cryptocurrency community sent a series of NFTs to the suspected wallet. These weren’t typical assets, but they bore messages – some of which appealed to the hacker's conscience to return the stolen funds. Among the various messages, one read: "Seriously though, you used Binance and KuCoin to fund and to try and get 30k out. People will find you. Please do the right thing and give the rest back." The timing of this security breach was rather inopportune, as it coincided with Cypher Protocol’s collaborative mtnDAO hacker house event, which they co-hosted with another Solana protocol, Marginfi. Ensuring clarity and dispelling doubts about their own security, Marginfi swiftly relayed via their Telegram channel that they remained unaffected by the breach and continue to maintain their operational independence from Cypher. As of the time of reporting, no Solana-based funds have been detected as transferred to the Ethereum network, leaving the next steps of the alleged hacker unpredictable. Incidents like these not only impact the entities directly involved but also reverberate throughout the crypto community. They underscore the persistent challenges in the realm of digital security and emphasize the need for continuous improvements in safeguarding digital assets. Disclaimer: This article is provided for informational purposes only. It is not offered or intended to be used as legal, tax, investment, financial, or other advice.
349 days agocryptodaily
Solana-based Cypher Protocol Suffers $1M Exploit
Cypher Protocol, a decentralized futures exchange operating on the Solana blockchain, disclosed on August 7th that a significant security breach occurred on their platform. The breach led to an estimated unauthorized transfer of assets valued at around $1 million. Swiftly addressing the event, Cypher Protocol informed its community of followers on X (formerly Twitter) and took immediate action by freezing its associated smart contract. A statement from the firm emphasized their responsive action: "Cypher has experienced a security incident. The smart contract has been frozen. Investigations are ongoing. The team is currently working with individuals and investigating. To the hacker: We are writing to see whether you would be open to speaking with us about any potential next steps." Data sourced from the Solana blockchain explorer, Solscan, has been invaluable in providing insights into the breach. It appears that the attacker or attackers absconded with a considerable 38,530 Solana (SOL) tokens in addition to $123,184 USD Coin (USDC). In sum, these unauthorized transactions amounted to roughly $1,035,203. What has raised eyebrows in the aftermath of the breach was the movement of the alleged funds. Within a short span following the exploit, a sum of 30,000 USDC from the contentious wallet was rerouted to Binance’s specific Solana USDC address. The rapidity of these fund movements highlights the speed at which digital assets can change hands, emphasizing the need for robust security measures and real-time monitoring. Community Response and Calls for Accountability The aftermath of the exploit was punctuated by unique, digital-era responses. Members from the cryptocurrency community sent a series of NFTs to the suspected wallet. These weren’t typical assets, but they bore messages – some of which appealed to the hacker's conscience to return the stolen funds. Among the various messages, one read: "Seriously though, you used Binance and KuCoin to fund and to try and get 30k out. People will find you. Please do the right thing and give the rest back." The timing of this security breach was rather inopportune, as it coincided with Cypher Protocol’s collaborative mtnDAO hacker house event, which they co-hosted with another Solana protocol, Marginfi. Ensuring clarity and dispelling doubts about their own security, Marginfi swiftly relayed via their Telegram channel that they remained unaffected by the breach and continue to maintain their operational independence from Cypher. As of the time of reporting, no Solana-based funds have been detected as transferred to the Ethereum network, leaving the next steps of the alleged hacker unpredictable. Incidents like these not only impact the entities directly involved but also reverberate throughout the crypto community. They underscore the persistent challenges in the realm of digital security and emphasize the need for continuous improvements in safeguarding digital assets. Disclaimer: This article is provided for informational purposes only. It is not offered or intended to be used as legal, tax, investment, financial, or other advice.
351 day agocryptodaily
Elon Musk Says They “Never Will” Launch a Twitter/X Token
Elon Musk has restated any rumours that Twitter or “X” will launch a crypto token. In a stern reply to a fellow Twitter user Musk dispelled talk of a token by saying, “And we never will.” Tesla CEO Elon Musk recently dispelled rumours that Twitter (or “X”) would launch a crypto token. One Twitter user posted to the social media platform warning fellow users, saying: Elon Musk and
351 day agocryptodaily
Elon Musk Says They “Never Will” Launch a Twitter/X Token
Elon Musk has restated any rumours that Twitter or “X” will launch a crypto token. In a stern reply to a fellow Twitter user Musk dispelled talk of a token by saying, “And we never will.” Tesla CEO Elon Musk recently dispelled rumours that Twitter (or “X”) would launch a crypto token. One Twitter user posted to the social media platform warning fellow users, saying: Elon Musk and
355 days agonulltx
Bitcoin Reversal Spells Bullish Sentiment For August
Bitcoin’s recent surge above $30k indicates a potential reversal of the bearish sentiment that plagued the market in the past week. The price decline likely prompted many traders to capitulate and sell off their positions, leading to increased selling pressure. However, the current rise in trading volume suggests renewed interest and confidence from investors, as […]

About Spell Token?

The live price of Spell Token (SPELL) today is 0.000692 USD, and with the current circulating supply of Spell Token at 147,015,802,136.74 SPELL, its market capitalization stands at 101,788,879 USD. In the last 24 hours SPELL price has moved -0.000058 USD or -0.08% while 14,715,226 USD worth of SPELL has been traded on various exchanges. The current valuation of SPELL puts it at #369 in cryptocurrency rankings based on market capitalization.

Learn more about the Spell Token blockchain network and how it works or follow the price of its native cryptocurrency SPELL and the broader market with our unique COIN360 cryptocurrency heatmap.

Introduction

Spell Token (SPELL) is the native cryptocurrency of the Abracadabra.money platform, a cutting-edge lending protocol that revolutionizes the way users borrow and lend assets. Built on the Ethereum Mainnet and Fantom Opera, Spell Token offers a range of features and functionalities that empower users to unlock the full potential of their assets. With its innovative technology and user-friendly interface, Spell Token aims to provide a seamless and secure experience for borrowers and lenders alike.

Technology & Mechanism

Consensus Mechanism

Spell Token operates on the Ethereum blockchain, utilizing the Ethereum Virtual Machine (EVM) and its consensus mechanism, which is currently based on Proof of Work (PoW). However, with the upcoming Ethereum 2.0 upgrade, Spell Token will transition to a Proof of Stake (PoS) consensus mechanism, enhancing scalability and reducing energy consumption.

Blockchain Technology

As a decentralized lending platform, Spell Token leverages the power of blockchain technology to ensure transparency, immutability, and security. By utilizing smart contracts, Spell Token enables users to interact with the platform directly, eliminating the need for intermediaries and reducing the associated costs and risks.

Key Features

Scalability

Spell Token addresses the scalability challenge by operating on multiple blockchains. Currently available on Ethereum Mainnet and Fantom Opera, Spell Token has plans to expand to other chains in the future, allowing users to access the platform seamlessly regardless of the blockchain they prefer.

Security

Spell Token prioritizes the security of user funds and employs robust security measures to safeguard assets. By utilizing smart contracts and adhering to best practices in code auditing, Spell Token ensures that user transactions and interactions are secure and protected from potential vulnerabilities.

Privacy

Privacy is a crucial aspect of the Spell Token ecosystem. While the blockchain itself is transparent, Spell Token implements privacy-enhancing technologies to protect user identities and transaction details. Through the use of zero-knowledge proofs and other privacy protocols, Spell Token ensures that user information remains confidential.

Decentralization

Spell Token embraces the principles of decentralization, empowering users to have full control over their assets. By eliminating intermediaries and central authorities, Spell Token enables peer-to-peer lending and borrowing, fostering a more inclusive and equitable financial ecosystem.

Development Team & Governance

The Spell Token project is led by a team of experienced developers and blockchain enthusiasts who are dedicated to creating a robust and user-friendly lending platform. The project follows a decentralized governance model, allowing token holders to participate in decision-making processes through voting and proposals.

Use Cases & Potential Impact

Spell Token has a wide range of use cases and potential impacts across various industries. As a lending platform, it enables users to unlock the value of their assets by borrowing against them, providing liquidity for personal or business needs. Additionally, Spell Token incentivizes users to participate in farming and staking, allowing them to earn commissions and rewards.

Purchase & Storage

How to Buy

Spell Token (SPELL) can be purchased on several reputable cryptocurrency exchanges, including [Exchange 1], [Exchange 2], and [Exchange 3]. Simply create an account on one of these exchanges, deposit funds, and trade for SPELL.

Wallets & Storage

To securely store your Spell Tokens, it is recommended to use a hardware wallet such as Ledger or Trezor. These wallets provide an extra layer of security by keeping your private keys offline. Alternatively, you can also use software wallets like MetaMask or Trust Wallet, which offer convenient access to your SPELL tokens while ensuring the safety of your funds.

Partnerships & Collaborations

Spell Token has formed strategic partnerships and collaborations with various projects and platforms in the blockchain space. These partnerships aim to enhance the functionality and adoption of Spell Token, providing users with more opportunities and options within the ecosystem.

Roadmap

The Spell Token project has an ambitious roadmap that outlines its future plans and objectives. The team is focused on expanding to additional blockchains, enhancing the platform's features, and exploring new partnerships and collaborations. By continuously improving and innovating, Spell Token aims to become a leading lending protocol in the decentralized finance (DeFi) space.

Risks & Challenges

Like any cryptocurrency project, Spell Token faces certain risks and challenges. These include regulatory uncertainties, market volatility, and potential security vulnerabilities. However, the team behind Spell Token is committed to addressing these challenges proactively, implementing robust security measures, and ensuring compliance with applicable regulations.

Community & Regulatory Compliance

Community

Spell Token has a vibrant and active community of users and supporters who are passionate about the project's vision. The community actively engages in discussions, provides feedback, and participates in governance decisions, ensuring the project's continuous growth and development.

Regulatory Compliance

Spell Token is committed to adhering to legal and regulatory requirements in the jurisdictions it operates in. The project aims to foster a compliant and transparent ecosystem, working closely with legal experts and regulatory bodies to ensure that it meets all necessary obligations. In conclusion, Spell Token (SPELL) is a groundbreaking lending platform that leverages blockchain technology to provide users with seamless borrowing and lending experiences. With its innovative features, commitment to security and privacy, and a dedicated development team, Spell Token is poised to disrupt the traditional lending industry and empower individuals to unlock the full potential of their assets. Whether you are a borrower, lender, or investor, Spell Token offers a range of opportunities and benefits within its decentralized ecosystem.
Spell Token Price0.000692 USD
Market Rank#369
Market Cap101,788,879 USD
24h Volume14,829,196 USD
Circulating Supply147,015,802,136.74 SPELL
Max Supply196,008,739,620 SPELL
Yesterday's Market Cap100,594,376 USD
Yesterday's Open / Close0.000742 USD / 0.000684 USD
Yesterday's High / Low0.000742 USD / 0.000684 USD
Yesterday's Change
-0.08% ( 0.000058 USD )
Yesterday's Volume14,715,226 USD
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