The price of FTM cryptocurrency has seen an upward trend.

At the time of writing this article, cryptocurrency Phantom is trading at $0.27 with a trading volume of $512 million in the last 24 hours. CoinMarketCap.

Data shows that the cryptocurrency is up 18% in the last 24 hours and ranks #67, with a total market capitalization of $689 million.

Based on chart analysis, Fantom crossed the $3 threshold twice in 2021, but traded at $0.2-$0.4 at the start of the year.

In 2021, the digital currency FTM recorded a 10-fold growth, almost reaching an all-time high at the same level.

Several developments have contributed to Phantom’s value growth throughout 2021.

In May last year, the Phantom Foundation supported some local projects like SpiritSwap and SpookySwap as part of the Phantom ecosystem.

Phantom’s price has evolved and reached an all-time high in 2021, which is still considered a record for now.

Reasons for the Rise of Digital Currency FTM:

The rise of FTM cryptocurrency is linked to rumors that developer Andrei Crony, one of the main contributors to the DeFi field, has returned to the industry after previously announcing his retirement, which we have mentioned in previous articles on Arab Bitcoin. :

Andre Crony, the founder of many crypto projects, breaks his retirement silence and comments on the crypto market!

Andrei is the founder of FTM and a major contributor to its development.

Crony is widely regarded as the father of Defy for his various contributions to space.

He is also credited with developing Earn Finance, Keep3Rv1, Powerpool, SushiSwap, Powerpool, Creamv2 and many more projects.

He was president of the Phantom Foundation and served as the project’s technical advisor.

Another reason for the rise in FTM is that the total amount of assets held on the Fantom blockchain increased by 3.10% in the last 24 hours to $517.22 million, thus creating a positive reaction to the coin’s price.

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