Friday, January 27

Tag: Fantom News

fUSD stablecoin Release and announcement of Cronje’s return send Fantom (FTM) price higher
Cryptocurrency

fUSD stablecoin Release and announcement of Cronje’s return send Fantom (FTM) price higher

After a strong 2,000% spike in early 2021, Fantom's (FTM) price collapsed alongside multiple altcoins and even though the blockchain has an impressive capability, it has yet to get large adoption due to the lack of a compelling use case. FTM price hit an all-time high at $3.46, only to collapse to its pre-bull market lows under $0.25 after the failure of the Solidly DeFi project and the departure of developer Andre Cronje.   Read Also: XRP Ledger Is Conclude to Having Native NFT Operationality Data from Cointelegraph Markets Pro and TradingView reveals that since dropping to $0.238, FTM has rallied 119.23% to $0.5216 on May 23. Three reasons for the spike in FTM prices are the release of the first native stablecoin on the Fantom network, new protocol upgrades and collab...
Fantom Price Rise on Supposition of Andre Cronje’s Return, But TVL Drops.
Cryptocurrency

Fantom Price Rise on Supposition of Andre Cronje’s Return, But TVL Drops.

As stated by the  CoinMarketCap data, Fantom (FTM) is up 16.78% at $0.42, ranking among the top gainers over the last 24 hours. Fantom rebounded upon reaching oversold levels of $0.22 on May 12. After a brief consolidation, Fantom started a positive climb, reaching intraday highs of $0.4512 on May 22, after three consecutive days in the green. Aside from favorable technicals, the recent climb was also likely sparked by speculation that a former developer and Yearn Finance creator, Andre Cronje, was returning to Fantom. Read Also: Cardano's Sidechain Milkomeda Could Become Network's ZkRollup Cronje and lead developer Anton Nell unexpectedly stop Fantom in early March. The move triggered a major sell-off of FTM, which the token has failed to recover from. In the s...