Spell Token Price

There are two schools of thought when it comes to determining the price of a cryptocurrency like Spell Token.
By way of intrinsic value: Intrinsic value is typically assessed through on-chain metrics, project metrics, and financial metrics of Spell Token, collectively known as fundamental analysis. Factors such as the law of supply and demand, tokenomics, use case, project roadmap, and the regulatory and governance environment will influence the long-term value of Spell Token.
By way of price action: technical analysis , using candlestick chart patterns and indicators like MACD, RSI, and Bollinger Bands, forecasts the price of Spell Token on the basis that history tends to repeat itself.
Since candlestick charts reflect market sentiment, news announcements and community sentiment can also significantly influence the price action of Spell Token.
Long-term investors usually favor fundamental analysis, while short-term traders often depend on technical analysis. In practice, combining both approaches can yield intriguing scenarios for Spell Token and the broader cryptocurrency market.

Spell Token achieved the all-time high of $0.03506 in 2021-11-02, and is currently trading at $0.0006388.

Spell Token reached its all-time low of $0.0002981 on 2021-08-05.

The current market cap of Spell Token is $103.29M, as 161.69B SPELL is trading at the price of $0.0006388.

There are currently 161.69B SPELL circulating in the market. These Spell Token can be actively traded or used in the open market.

The maximum supply of SPELL is 210B , which includes its circulating supply, locked or staked supply, and the supply that has yet to be mined, minted, or created.

At the moment, the fully diluted market cap, also called the fully diluted value (FDV) of Spell Token is $134.14M. The FDV is calculated taking the assumption that all supply of Spell Token is circulation, multiplied by its current price of $0.0006388.

Using an algorithm to automatically identify historical data trends, this Spell Token price prediction adjusts its forecast from time to time based on current market conditions. With advanced machine learning, this prediction tool can help investors gauge market probabilities before making investment decisions.

Spell Token offers a good potential ROI due to its inherent volatility, which presents numerous profit opportunities. However, this volatility is a double-edged sword, making it suitable for investors with high risk tolerance and a strong financial position. It is crucial to remember that Spell Token and the broader crypto market are subject to extreme market conditions, regulatory changes, social media influence, and other unpredictable factors. Therefore, it is advisable to exercise risk management and do your own research (DYOR) before investing in Spell Token.

You can buy Spell Token via Gate by following the steps on how to buy SPELL once you have funded your account.