Tag: Spell Token

‘Magic’ Altcoin Project Soars After Earning Support From Top Crypto Exchange

by Dailyhodl

One altcoin is enchanting the crypto world after a surprise listing on the Crypto.com App digital currency exchange.

In a new blog post, Crypto.com says that users can purchase Spell Token (SPELL) using USD, EUR, GBP and nearly two dozen other fiat currencies.

News of the listing sent SPELL skyward, increasing 45% from $0.011 to a weekly peak of $0.016 right after the announcement.

SPELL is an Ethereum token that governs the Abracadabra.money platform where users deposit interest-bearing cryptos to mint the stablecoin Magic Internet Money (MIM).

Users can stake SPELL to obtain sSPELL tokens that will grant them platform voting rights and a claim to fees generated by the protocol. The altcoin has a maximum supply of 210 billion.

MIMs can be traded with other stablecoins including Tether (USDT), Dai (DAI) and USD Coin (USDC).

Spell Token joins a roster of more than 200 cryptocurrencies and stablecoins supported by the Crypto.com App.

The crypto exchange recently announced partnerships with several leading sports franchises, including the Los Angeles Lakers, Formula 1 Racing and the UFC.

The price of SPELL has corrected to $0.014 at time of writing. It reached an all-time high of $0.035 on November 2nd.

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Disclaimer: Opinions expressed at The Daily Hodl are not investment advice. Investors should do their due diligence before making any high-risk investments in Bitcoin, cryptocurrency or digital assets. Please be advised that your transfers and trades are at your own risk, and any loses you may incur are your responsibility. The Daily Hodl does not recommend the buying or selling of any cryptocurrencies or digital assets, nor is The Daily Hodl an investment advisor. Please note that The Daily Hodl participates in affiliate marketing.

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Coinbase Launches Support for Series of Altcoins Across Full Retail Platform

by Dailyhodl

Top US crypto exchange Coinbase is expanding support for four Ethereum tokens and a pair of other altcoins across its full retail platform.

After a release on Coinbase Pro, IDEX (IDEX) is now available to buy and sell on the company’s main retail trading platform and mobile applications.

The Ethereum token powers the IDEX decentralized exchange which features an order book, automated market maker (AMM) and staking for holders.

IDEX has seen a roller coaster of price action this week, leaping from $0.25 to as high as $0.46 before slowly correcting down to its current valuation of $0.31.

Coinbase is also listing the environmentally-conscious Moss Carbon Credit (MCO2). The Ethereum-based project seeks to fight climate change and protect the Amazon rainforest.

The MCO2 token surged nearly 125% from 9.24 to $20.77 after the initial Coinbase Pro listing but has since cooled off and currently trades for $12.01.

Polkastarter (POLS) is next on the list of new Coinbase additions. It’s a fundraising project built on the Polkadot blockchain. The altcoin ramped up from $2.94 to $4.94 for a total leap of 68% but has settled back to $3.45 at time of writing.

Also joining the Coinbase suite is ShapeShift Fox Token (FOX), the native token of decentralized exchange ShapeShift. FOX is Ethereum-based, and holders have voting rights on the project’s DAO (decentralized autonomous organization).

The Coinbase Pro listing announcement helped spark a rise from $0.77 to a weekly high of $1.04. FOX has since dipped to $0.74, down over 10% on the day.

Next up is Spell Token (SPELL), which governs the Abracadabra.money platform where users deposit interest-bearing cryptos to mint the stablecoin MIM.

SPELL moved from $0.009 to as high as $0.020, sitting at $0.015 at time of writing.

The final altcoin now available across all Coinbase platforms is SuperFarm (SUPER). The Ethereum token powers the non-fungible token (NFT) marketplace SuperFarm, where users can stake their SUPER holdings to earn NFT-redeemable points.

SUPER rose from $1.06 to a weekly high of $1.77, is currently priced at $1.35.

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Disclaimer: Opinions expressed at The Daily Hodl are not investment advice. Investors should do their due diligence before making any high-risk investments in Bitcoin, cryptocurrency or digital assets. Please be advised that your transfers and trades are at your own risk, and any loses you may incur are your responsibility. The Daily Hodl does not recommend the buying or selling of any cryptocurrencies or digital assets, nor is The Daily Hodl an investment advisor. Please note that The Daily Hodl participates in affiliate marketing.

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Four Low-Cap Altcoins Erupt to New All-Time Highs After Surging 330% or More in Just One Month

by Dailyhodl

Four altcoins with market caps ranging between $240 million and $900 million are up by triple-digit percentage points over the past four weeks.

The four crypto assets, namely Dopex (DPX), Popsicle Finance (ICE), Radio Caca (RACA), and Spell Token (SPELL), are also fresh off all-time highs recorded earlier this week.

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Dopex is a decentralized options exchange, Popsicle Finance is a multichain yield optimization platform, Radio Caca is a non-fungible token (NFT) platform, and SPELL is the governance and utility token of decentralized finance platform Abracadabra.money.

DPX, which boasts a market capitalization of over $268 million, hit its all-time high of $1,992.31 on Monday. At time of writing, the altcoin is down about 5% from its record high, according to CoinGecko. DPX has surged by 331% over the past 30 days.

Popsicle Finance’s token ICE also hit an all-time high of $24.02 on Monday but is currently down by 22% from the new record high at the time of writing, according to CoinGecko. The platform boasts a market capitalization of over $247 million, and in the last 30 days, ICE has soared by 644%.

NFT platform Radio Caca saw its token hit an all-time high of $0.00271085 on Sunday. RACA is currently 25% off the high, according to CoinGecko. RACA has a market cap of over $374 million and is up by 381% over the past 30 days.

Spell Token (SPELL) also hit its all-time high of $0.02406690 on Sunday and is off 43% from its record high, according to CoinGecko. Over the last 30 days, SPELL has surged by 1107%. Spell Token boasts a market cap of over $830 million.

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Disclaimer: Opinions expressed at The Daily Hodl are not investment advice. Investors should do their due diligence before making any high-risk investments in Bitcoin, cryptocurrency or digital assets. Please be advised that your transfers and trades are at your own risk, and any loses you may incur are your responsibility. The Daily Hodl does not recommend the buying or selling of any cryptocurrencies or digital assets, nor is The Daily Hodl an investment advisor. Please note that The Daily Hodl participates in affiliate marketing.

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Four Emerging Altcoins Soar 101% or More Within Seven Days As Crypto Markets Ignite

by Dailyhodl

Four emerging altcoins are on a tear after surging 101% or more within one week as Bitcoin (BTC) and the crypto markets ignite.

One of the high-flying coins as of late is meme cryptocurrency and Dogecoin (DOGE) competitor Shiba Inu (SHIB).

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The altcoin skyrocketed from a low of $0.000006 to a high of $0.00002, marking gains of over 233% in just seven days.

Even after a big rally, SHIB has yet to reclaim its all-time high of $0.000037.

Another top-performing altcoin this week is Spell Token (SPELL), the governance and utility asset of decentralized finance protocol Abracadabra Money.

The crypto asset soared from a seven-day low of $0.0032 to a new all-time high of $0.0089 at time of writing, according to CoinGecko. The move represents gains of over 178% in just one week.

Next up is Secret (SCRT), the native asset of privacy-focused smart contract platform Secret Network. CoinGecko shows that SCRT rallied over 125% from a seven-day low of $1.81 to a high of $4.11.

The coin has given up some of its gains since and is trading at $3.48 at time of writing.

The fourth altcoin on the up and up is OMG Network (OMG), a layer-2 scaling solution for Ethereum (ETH). The emerging altcoin rose from a low of $8.95 to a high of $17.88 to mark gains of 101% in just one week.

Although OMG has more than doubled its value in a week, it is still down from its all-time high of $25.62 in January of 2018. OMG is currently trading at $14.81, according to CoinGecko.

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Disclaimer: Opinions expressed at The Daily Hodl are not investment advice. Investors should do their due diligence before making any high-risk investments in Bitcoin, cryptocurrency or digital assets. Please be advised that your transfers and trades are at your own risk, and any loses you may incur are your responsibility. The Daily Hodl does not recommend the buying or selling of any cryptocurrencies or digital assets, nor is The Daily Hodl an investment advisor. Please note that The Daily Hodl participates in affiliate marketing.

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Bitcoin (BTC) $ 40,598.88 7.35%
Ethereum (ETH) $ 2,174.03 7.71%
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Bitcoin Cash (BCH) $ 227.14 9.28%