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FTM price rebounds 50% as Fantom reveals 30 years runway (without having to sell its token)

Published 11/30/2022, 09:55 AM
Updated 11/30/2022, 11:40 AM
FTM price rebounds 50% as Fantom reveals 30 years runway (without having to sell its token)

Fantom (FTM) continued its upward momentum on Nov. 30 amid reports that the Fantom Foundation generates consistent profits and has 30 years of runway without having to sell any FTM tokens.

FTM price gained nearly 13.5% to reach $0.24, its highest level in three weeks. The rally came as a part of a broader rebound trend that started when it bottomed out at around $0.17 on Nov. 22. This amounts to a 50% price rebound in the last eight days.

FTM/USD daily price chart. Source: TradingView
Solana ecosystem performance in different timeframes. Source: Messari
Fantom supply distribution among addresses with a 1-infinity FTM balance. Source: Santiment
FTM/USD three-day price chart. Source: TradingView

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