Popular Exchange Lists This Altcoin Price Rises 45 Percent

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While the crypto money market has been experiencing declines and rises, the price of this altcoin started a rapid increase with the listing of the popular crypto money exchange Crypto.com.

This Altcoin Is Up 45 Percent

Popular cryptocurrency exchange Crypto.com has listed a new altcoin on its platform. This altcoin captivated the crypto world after a surprise exchange listing.

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

With Crypto.com’s new listing, Spell Token is included in the list of more than 200 cryptocurrencies and stablecoins supported by the popular cryptocurrency exchange.

This listing news of Crypto.com sent the price of Spell Token (SPELL) to the sky, reaching a record 45% increase from $ 0.011 to $ 0.016 immediately after the announcement. rose to its high level.

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

As of the time of writing, the Spell Token has retreated slightly after the last increase, according to CoinMarketCap data, and has fallen by 5% in the last 24 hours. SPELL hit an all-time high of $0.035 on November 2 and is currently trading at $0.014.

What is Spell Token (SPELL)?

Spell Token (SPELL) is a token that manages Abracadabra.money, a platform that allows users to deposit collateral in the form of interest-bearing crypto assets (like yvYFI, yvUSDT, yvUSDC, xSUSHI). It tries to maintain its value of $1.00.

Users can stake SPELL to acquire sSPELL tokens that will charge them for platform voting rights and fees generated by the protocol.

Spell Token also ranks 2800th among cryptocurrencies according to CoinMarketCap data, while the altcoin has a total supply of 210 billion.