Fantom Price Rises 20% In One Week Due To This Rumor

The Fantom price is moving against the general sentiment in the market, while large cryptocurrencies trend to the downside, FTM is reclaiming lost territory. The token is trending to the upside due to speculations about its founder Andre Cronje. pic.twitter.com/SJ0XrCkN8v — iamdefinitelyandre.ftm (@AndreCronjeTech) November 3, 2022 Related Reading: Time To Buy SushiSwap (SUSHI)? Here Are The Levels To Watch At the time of writing, the Fantom price trades at $0.2 with a 17% profit in 24 hours and a 20% profit over the previous seven days. In the meantime, Bitcoin and Ethereum are recording losses and are at risk of returning to their range after seeing the bullish momentum exhausted. Fantom Price Makes A Comeback, Andre Cronje Too? According to a report from Wu Blockchain, the popular and controversial developer Andre Cronje changed his LinkedIn biography to “Memes at Fantom Foundation.” This change has led to rumors about its potential comeback as a key project member. Cronje is the so-called “DeFi Godfather”; he is behind some of the biggest protocols in the space, including Yearn Finance (YFI), Keep3r Network (KP3R), Fantom, and others. Earlier this year, Andre Cronje and other decentralized finance (DeFi) developers announced their departure from crypto. The developer cited a need for maturation in the industry and regulatory uncertainty. Cronje’s departure hurt the Fantom price and the valuation of projects associated with...