I decided to lower our $ETH holding by 3% and buy more $LUNA I'm looking at epic $SPELL recovery and think $LUNA could pull something similar Both tokens crashed due to the same FUD without any valid reason so it is not crazy to expect similar recovery
Spell Token price in USD and SPELL-USD price history chart
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Spell Token price chart / performance
From
Mar 19, 2023
To
Mar 26, 2023
Returns
Return (24h)
+0.08%
Return (7D)
-7.60%
Return (1M)
-18.64%
Return (1y)
-83.65%
My Investment
Profit Taken
$0.00
0%
Profit/Loss
$0.00
0%
You Have:
$0.00
Spell Token (SPELL) Overview
SPELL coin is the governance token of the Abracadabra.Money decentralized lending platform.
It is an ERC-20 token and is used as an incentive and governance token within the ecosystem. SPELL is mainly used for governance in the Abracadabra protocol and earning fees from the protocol itself. Abracadabra uses interest-barring tokens to mint Magic Internet Money - a USD-pegged stablecoin. SPELL’s maximum supply is 210,000,000,000 and is distributed for team allocation, global farming incentives, and during the initial DEX offering.
Posts
Here you can read and comment on all posts made by Strategists about Spell Token SPELL. See all Spell Token price predictions in real time and make the best use of their crypto knowledge.
Diversitas
30 Jan, 2022
33 people like this
@anonymouscrypto thank you for your answer. I have the same opinion. Because some strategy’s will stay heavely in alts when btc make a big run. love to see that it’s something you not will do🙌
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Decentralized Finance Index
13 Jan, 2022
Added $SPELL , I have mentioned this coin previously in my updates and talks about CRV, CVX, and FXS. I think it speaks volumes that all of the recently added coins by iconomi are DeFi protocols. Capital is starting to move in this direction which we have positioned ourselves in early.
3 people like this
What does Spell do?
you got glmr?
Decentralized Finance Index
7 Jan, 2022
The Frax $FXS Thesis
Part 2
6/ Interest Rates
FRAX can be minted into collateralized money markets like Aave and Rari's Fuse. The more FRAX that is minted, the lower the interest rates. New pools and token's looking to collateralize no longer need to find 3rd parties for stablecoin liquidity
7/ By creating collateral status, Frax can make any coin a productive asset. They can be used to borrow off of and farm. Yield correlates with return - these coins are easier to hold, and people are less incentivized to sell them.
8/ If Frax can influence the liquidity, collateral ratios, interest rates for any asset, then what does a king make?
9/ Also at Frax's disposal is its ability to influence frax related pools with $FXS incentives. We saw how instrumental Curve Finance has been in the growth of various stablecoin projects ($SPELL).
Now imagine Frax applying that flywheel to non-stablecoin projects
10/ The Trinity
What we've discussed is just the start. One must imagine FRAX as controlling the entire stack - Frax V3 will achieve The Trinity
11/ So how much are the keys to the central bank worth? We'll find out
3 people like this
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