The price of Fantom (FTM) has been on an uptrend, which is worth looking into. At the time of writing, the price of Fantom was trading at $0.261536 with a 24-hour trading volume of $407,044,934, according to CoinMarketCap. The data shows that the symbolic it was up 20.28% in the last 24 hours and ranked 67th, with a live market capitalization of $665,610,896.

Based on the chart analysis below, Fantom crossed the $3 threshold twice in 2021 while trading at $0.2-$0.4 earlier in the year.

During that year, FTM posted 10x growth, setting two all-time highs at nearly the same level in a span of 12 months. The first highs were seen at the time of the general market growth in February and May. The second highs were seen in September 2021 and January 2022, when Fantom was worth $3.16 and $3.3, respectively, when the crypto market recorded its maximum growth.

Numerous developments contributed to Fantom’s value growth throughout 2021. In May of last year, the Fantom Foundation supported some native projects, such as SpiritSwap and SpookySwap, as part of the Fantom ecosystem.

Additionally, various protocols, such as Geist Finance, Scream, Reaper Farm, RoboVault, and others, appeared within the Fantom ecosystem during that year. Furthermore, Fantom blockchain started partnering with multiple projects from different fields, such as Coti (Payment), Suterusu (Privacy), V-ID (Identity), Travala (Travel), and others.

Fantom price evolved and reached its last all-time high in 2021; so far, the record has never been broken.

As can be seen from the chart, since the beginning of this year, the token has experienced some major challenges, indicating why it has cooled off. On March 10, Fantom announced the departure of one of its key developers, Andre Cronje, from the project at the end of March 2022. Blockchain.News further reported on the matter. As a result, the update caused the price of FTM to drop by more than 20% in 24 hours and trade lower.

On top of that, Fantom prices have also traded lower this year due to the broader crypto winter that began in earnest at the end of April.

But over the last 30 days, the price of Fantom is up 19.49%, 21.25% over the last seven days, and 24% over the last 24 hours. Market Report associates the latest optimism with rumors that DeFi pioneer Andre Cronje is making a comeback in the industry. The total volume of assets locked in Fantom also rose 3.10% in the last 24 hours to $517.22 million, thus reacting positively to speculation.

rumors about Cronje’s comeback began last week when he published a middling post discussing various issues that led to the recent market crash. The DeFi developer also used that opportunity to call for further regulatory reforms within the sector.

However, members of the crypto community were divided on the post, with some arguing that the post was not from Cronje. But earlier yesterday, Cronje updated his LinkedIn profile to read that he is the Vice President of Memes at the Fantom Foundation, and stated that he started the role this month. He also shared a tweet through his verified Twitter account that showed that he was back in the industry. All of this confirms the speculation that Cronje has finally returned.

Cronje is widely considered the father of DeFi for his various contributions to the space. He is credited with developing various projects like Yearn Finance, Keep3rV1, PowerPool, sushiexchange, PowerPool, CreamV2 and many more. He was president of the Fantom Foundation and served as technical advisor to the project.

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