The price of Fantom (FTM) has been continuously declining for several days due to several factors. Here are some possible reasons:
Factors Causing the Decline in FTM Price
1. Increased Supply: The increase in FTM supply on crypto exchanges can cause a price decline .
2. Migration to New Token: Fantom is migrating to a new token, Sonic, which can cause a temporary price decline .
3. Market Conditions: Unstable cryptocurrency market conditions can also affect the price of FTM.
And investor fear makes FTM even more depressed due to massive selling
Prepare your nets to catch the opportunity to buy deep FTM.