Spice also saw a volume spike of 223% over the last 24 hours.

According to Coinmarketcap, “Spice describes itself as an appreciation token that integrates and ranks social network content. Built on the Simple Ledger Protocol (SLP), Spice is an appreciation token for the BCH Blockchain. Spice is also part of a larger Social Tipping Platform. By utilizing Spicebot, Spice works with services such as Spicefeed which captures all tipped content and aggregates it into an overview of content across social networks.”

In the last 24 hours, Spice has had a low price of $0.0007291, and has reached a high of $0.003891 – according to data from Coinmarketcap.

Spice has seen 89% of its trading volume from the CoinEX exchange in the last 24 hours.

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Who is buying Spice?

After a large spike in trading volume, there has probably been a large amount of traders that have looked to buy Spice in the past 24 hours.

After its large price spike, there will be traders who no doubt have jumped in to consider a buy of the Spice cryptocurrency.

With its many claimed use-cases, such as for social tipping, there is no doubt that some traders will think this coin has some great fundamental value. If they are right or wrong is another matter and one that time will tell.

This post was originally published on Coinjournal.