too, as its supply on exchanges declined sharply. However, these developments failed to have a positive impact on FTM’s weighted sentiment, suggesting that the crypto community showed less trust in FTM.Though the network’s value increased by nearly 5% in the last 24 hours, the same was not true with the token‘s price action. As per, FTM increased its price by nearly 1% on the last day, and at press time, it was trading at $0.454 with a market capitalization of over $1.2 billion.
However, the bulls might be getting ready to push FTM’s price up soon, as suggested by a few on-chain metrics. FTM’s MVRV Ratio registered a recovery, thanks to the recent marginal gains. Network growth also increased, indicating more new accounts were used to transfer the token. Besides that,Source: SantimentSubscribe to get it daily in your inbox.