Fantom (FTM) Spikes Over 16% Today, Here's Why
Fantom ( FTM ) has rallied by 16.9% in the last 24 hours, and by 26.7% over the weekly charts. Not only that, but tokens based on the Fantom network have also made significant gains. SCREAM has rallied by over 400% in the 30-day chart. SCREAM, Source: CoinGecko On the other hand, GAINS has rallied by 31.9% over the last week. GAINS, Source: Coingecko FTM is currently the best performer in the 24-hour chart and the fifth-best performer in the weekly chart. So whats pushing Fantom? Fantom’s rally comes hot on the heels of Andre Cronje‘s blog about how the firm has managed to stay cash flow positive over the years. Cronje served as the former Technical Advisor and Chair of the Technology Council at the firm. Fantom presently holds more than 450 million FTM , $100 million in stablecoins, $100 million in crypto assets, and half that amount in non-crypto assets, according to Cronje’s post. The developer claimed that the project’s $7 million annual sala...