$0.001289
Time period | Change amount | % Change |
---|---|---|
1H | $-- | +1.17% |
24H | $-- | +7.33% |
7D | $-- | +9.89% |
30D | $-- | +37.52% |
1Y | $-- | +93.42% |
Spell price today is $0.001289 with a 24-hour trading volume of $35.41 M, and as such Spell has a market cap of $180.73 M, giving it a market dominance of 0.0087%. The Spell price moved 7.33% in the last 24 hours.
Spell reached its highest price on 2021-11-02 when it was trading at its all-time high of $0.03506, while its lowest price was recorded on 2021-08-05 when it was trading at its all-time low of $0.0002981. The current lowest price since the last cycle high was $0.0002981, and the highest price since the last cycle low was $0.03506. The social sentiment of Spell is currently Positive.
The current circulating supply of Spell is $140.48 B SPELL. In terms of market cap, Spell is currently ranked 404.
There are two schools of thought in determining the price of Spell.
By way of intrinsic value: This typically involves on-chain metrics, project metrics and financial metrics of Spell, collectively known as fundamental analysis. The law of supply and demand, tokenomics, use case, project roadmap as well as regulations and governance involved would affect the value of Spell from a long term perspective.
By way of price action: Primarily analyzed via candlestick chart patterns and technical indicators such as MACD, RSI and the bollinger bands, technical analysis forecasts the price of Spell on the basis that history tends to repeat itself. As the candlestick charts are a general representation of the emotion of the market, news announcements and community sentiment can be significant price action drivers for Spell as well.
Investors tend to prefer the long term nature of fundamental analysis, whereas short term traders tend to rely on technical analysis more. In reality, both analyses may combine and create interesting scenarios for Spell and the cryptocurrency market as a whole.
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Those approving ads for other crypto companies are already facing regulatory scrutiny – and will soon need new permissions to continue.
A long-awaited district judge’s ruling that some XRP token sales were not investment contracts will likely eventually lead to a bipartisan regulatory framework that is more favorable to the pro-crypto crowd in Congress, writes John Rizzo.
A project leader called for adding lawyers, jurisdictions and trustees for Abracadabra DAO, the entity overseeing Magic Internet Money (MIM) and SPELL tokens.
Silvergate Bank had a really rough week, to the point where a not-insignificant number of people were waiting for the Federal Deposit Insurance Corporation (FDIC) to announce the bank had entered receivership after close of business Friday.
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