eToro, a popular investment platform, announced in a statement yesterday that it has listed 2 popular cryptocurrencies. With the effect of the recovery in the general crypto market, both cryptocurrencies have increased since the announcement. Phantom (FTM) price witnessed an increase of over 15 percent, while 24-hour trading volume also increased by 77 percent.
The investment platform is also a decentralized streaming platform with FTM. Theta Network (THETA) also listed. After the addition of FTM and THETA to the platform, the total number of cryptocurrencies available on eToro has reached 57.
We’ve added new cryptoassets 🎉🚀
👉SWIPE
— eToro (@eToro) March 15, 2022
FTM mainnet is now on eToro
A smart contract platform created as an alternative to Ethereum (ETH) Phantom (FTM)has suffered quite a lot due to some news that made the headlines recently.
In an announcement made in early March; DeFi developers Andre Cronje and Anton Nell announced that they are leaving the crypto space. FTM was one of the platforms that these two developers were associated with, and it was badly affected. In addition, it was claimed that as of April 3, a total of 25 decentralized finance applications associated with Cronje and Nell will be terminated.
However, FTM CEO Michael Kong handled the situation quite well and quickly made a statement without allowing for speculation. Kong described the announcement as misleading in terms of the token.
In a statement, Fantom Network thanked Andre for working with them for 4 years and adding value to Fantom and the entire crypto and DeFi space in general, and stated that users need not worry, they will follow the steps on the platform’s roadmap.
Phantom and Theta have witnessed drops of around 20 percent and 13 percent, respectively, over the past 7 days, following the downtrend that has been influential in the overall crypto market. But the prices of both THETA and FTM have soared since the new eToro listing.
77% increase in Phantom’s trading volume
The price of Phantom has increased by more than 15 percent since the listing was announced. The cryptocurrency, which is traded at an average of $1.20 per token at the time of writing, has increased by 77 percent in the last 24 hours with a trading volume of $1,691,155,324. According to CoinMarketCap data, Fantom ranks 39th on the list of top 100 cryptocurrencies with a market capitalization of $3 billion.
FTM mainnet is now available on @eToro! https://t.co/7leGjDzBVv
— Phantom Foundation (@FantomFDN) March 16, 2022
THETA couldn’t get enough of its listing
Theta Network’s price saw a slight increase of over 4.5 percent after the listing’s announcement. At the time of writing, THETA, which has a 24-hour trading volume of $157,619,258, is trading at $2.73, up 2% in the last 24 hours. According to CoinMarketCap data, THETA ranks 45th in the top 100 cryptocurrencies list with a market capitalization of $2.7 billion.
You can check the price movements here.
Disclaimer: What is written here is not investment advice. Cryptocurrency investments are high-risk investments. Every investment decision is under the individual’s own responsibility. Finally, KoinFinans and the author of this content cannot be held responsible for personal investment decisions.