According to CoinMarketCap, FTM registered a daily decline of more than 3%, and at the time of writing, it was trading at $0.5255 with a market capitalization of over $1.45 billion.

This was quite in contrast to Token Terminal’s data- FTM was also on the list of the top blockchains by the lowest P/S ratio, which suggested that the token was undervalued.

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