Fantom [FTM]: With Andre Cronje’s possible comeback, here is what you should know

ambcrypto.com:

There is a Latin maxim that goes like: “quod approbo non reprobo”. The literal translation of the maxim is that “that which I approve, I cannot disapprove”.

In layman’s terms, this means you cannot blow hot and cold at the same time.

Well, this doesn’t happen to be the case for Andre Cronje, who announced his exit from Fantom Foundation and the crypto space in March 2022. This announcement led the FTM token to suffer a sharp decline in value. 

Furthermore, via a blog post published in April, titled “The rise and fall of crypto culture”, Conje reiterated that he harbored no intentions of returning to the crypto space while also calling for increased regulatory actions in the crypto space.

As of 21 May, Andre Cronje was spotted coding for the Fantom Foundation stablecoin platform causing the FTM token to record an intraday spike of 6% in its price. Up by 16% in the last 24 hours, how has the coin reacted to the news of a possible comeback by Conje? Let’s find out… 

Recording gigantic strides in the last 24 hours, the FTM token registered a 16% spike in price following the spotting of Conje writing some code for the Fantom Foundation stablecoin platform.

Standing at $0.4218 at the time of press, the price of the token in the past seven days grew by 13%. 

Further to this, the past few days have been marked with a  bullish bias for the FTM token. At the 37.60 index in an upward progression at the time of press, buying pressure was mounted on the token further driving the price up. Similarly, slightly above the 50 neutral region, the MFI indicated increased accumulation at press time.

This stood at 51.60 at the time of press. The position of the MACD also lent credence to the bullish divergence. Maintaining a position below the