The return of a well-known developer who previously said he would no longer work in the blockchain space has blown strong winds. The related altcoin project gained more than 20% in a short time.
With the return of the legendary developer, this altcoin flew
cryptocoin.comAs you follow, legendary DeFi developer Andre Cronje announced that he is leaving the industry in March of this year. Now rumors about his comeback are triggering 25% rally in Phantom price. Behind the rumors are changes to Cronje’s verified Twitter account and LinkedIn account.
Price action is providing additional fuel for the rally, where FTM has risen 25% in the past seven days and over 20% in the previous 30 days. FTM reached above $0.40 in early August. However, it suffered a correction on October 13 that brought its value down to $0.19. Phantom’s TVL volume also reacted positively to the news, increasing 3.10% in the last 24 hours. It is currently around $517.22 million.
Cronje’s rumored return
Rumors about Cronje’s comeback started when he published a post last week discussing various issues about the last bear market. The DeFi developer also called for more regulatory reforms. The blog post split the crypto community in two, with some arguing that it doesn’t belong to Cronje. But earlier today, Cronje updated his LinkedIn bio to Phantom Vice President. He added that he started working again this month.
The verified Twitter account also shared a tweet that hinted at its return to the industry. Ultimately, all of this leads to speculation that Cronje is finally back. In July, Cronje denied being behind an account on Twitter that looked like him. The now-deleted account tweeted about the developer’s return to the industry. This led to a brief rally for FTM-related tokens.
Cronje is widely regarded as a legendary DeFi developer. Yearn Finance, Keep3rV1, PowerPool, SushiSwap, PowerPool, CreamV2 etc. It carries the signature of many projects, including. Previously, he was President of the Phantom Foundation and served as the project’s technical advisor.
Who is Andre Cronje?
Andre Cronje is one of the most popular developers in the DeFi market. He is a software architect with 20 years of developer experience. After completing the 3-year computer science course in 5 months, he was asked to remain as a lecturer. He moved into the telecom industry developing big data and high transaction infrastructure before entering mobile security and cryptography. The past five years have been spent leveraging Blockchain technology to create bespoke FinTech solutions and provide cost-cutting financial products to the unbanked sector in Africa. He is currently one of the most influential people in the DeFi field.
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