Main navigation

Fantom (FTM) Price up 23% on Andre Cronje's Unexpected Comeback, YFI Pumps Too

Advertisement
Thu, 3/11/2022 - 13:34
Fantom (FTM) Price up 23% on Andre Cronje's Unexpected Comeback, YFI Pumps Too
Cover image via stock.adobe.com

Disclaimer: The opinions expressed by our writers are their own and do not represent the views of U.Today. The financial and market information provided on U.Today is intended for informational purposes only. U.Today is not liable for any financial losses incurred while trading cryptocurrencies. Conduct your own research by contacting financial experts before making any investment decisions. We believe that all content is accurate as of the date of publication, but certain offers mentioned may no longer be available.

Read U.TODAY on
Google News

Renowned crypto developer and founder of many projects Andre Cronje suddenly broke his silence and returned to Twitter, after almost a year and a half of absence. The crypto figure returned with the accompanying buzz, boosting the quotations of one of his key projects, Fantom (FTM), thanks to a new avatar and a nickname with the ".ftm" domain name.

Advertisement

Cronje's return, specifically with the Fantom narrative, came as a complete surprise, given his departure from all projects in March this year. At the time, the DeFi developer's exit triggered a massive drop in the prices of all of the cryptocurrencies affiliated with him. His recent comeback, on the other hand, had the opposite effect and cheered up the quotations of projects such as YFI, FTM and KP3R, where most of the positivity went to just the latter two on the list.

FTM and KP3R price action

During the absence of its lead developer, Fantom has lost $3.62 billion in market capitalization, with FTM now trading below $0.3 cents per token. That said, FTM has been in line with its tokenomics in recent months, with some of its supply being burned, staking awards reduced and grants handed out to contributors from Gitcoin.

Article image
Source: CoinMarketCap

KP3R, a project to coordinate projects and developers by Cronje, was luckier, with only a 43% drop in market capitalization from its March values. KP3R peaked today at $117.86 with an all-time high of $1,865 per token.

Advertisement
TopCryptoNewsinYourMailbox
TopCryptoNewsinYourMailbox
Advertisement

Latest Press Releases

Our social media
There's a lot to see there, too

Popular articles

Advertisement
AD