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fUSD stablecoin launch and rumors of Cronje’s return send Fantom (FTM) price higher -Breaking

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fUSD stablecoin launch and rumors of Cronje’s return send Fantom (FTM) price higher

Fantom experienced a strong 2 000% rise in 2021.FTMThe price of FTM () fell along with many altcoins. Despite its impressive capabilities, the blockchain is yet to be adopted widely due to a lack of compelling uses. FTM’s price reached an all-time peak of $3.46. However, it fell to below $0.25 following the collapse of Solidly DeFi and Andre Cronje’s departure.

From Cointelegraph Markets Pro TradingViewFTM’s stock has risen 119.23% since it dropped to $0.238, to $0.5216 by May 23.

FTM/USDT 4-hour chart. Source: TradingView
VORTECS™ Score (green) vs. FTM price. Source: Cointelegraph Markets Pro