With the recent deep after Andre Cronje left Fantom, looks like FTM had a short bull run, just 2 weeks ago FTM price hit the low at $1.084 per token. Current price is $1.570 with a marketcap of $3,990,657,578.00. It’s price is 9.50% up in last 24 hours.
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The potential reasons might include positive news from the environment and whale buyers.
Fandom announced a new 335 million dollar incentive program in partnership with gitcoin grants. Beyond this, the upcoming Fantom protocol upgrades, Aave v3 deployments and main upgrades are being rolled out to improve the Fantom network.
Fantom announced a new partnership with F1 and F2 drivers Pietro and Enzo Fittipaldi. As part of the partnership, the Fantom name will be featured on Pietro’s European Le Mans, 24 hours of LeMans suit and helmet, and Enzo’s Formula 2™ suit and helmet through the 2022 racing season. Off the track the brothers will additionally work with Fantom to introduce their numerous fans to Fantom GameFi.
You should have already heard about leading money market Aave v3, which went live just recently.
The largest multi-chain lending and leveraged yield farming protocol, Alpha Homora V2, recently launched on Fantom.
FTM has been named among the top 10 most purchased after Bitcoin by the top 100 whales.