Fantom - News Analyzed: 5,200 - Last Week: 100 - Last Month: 400

Fantom, a well-acknowledged project in the cryptocurrency world, underwent a significant transition when it rebranded to Sonic. The change was driven by the ambitions to increase the speed and scalability in the DeFi space, with Sonic promising a staggering 10,000 transactions per second. In light of this, prominent cryptocurrency exchanges like Binance and Bybit supported the Fantom to Sonic token swap, instilling investor confidence.In collaboration with Porsche and Frauscher, Sonic launched an electric speedboat, making waves in the industry. In more developments, Sonic Labs also unleashed a testnet, heightening anticipation for the mainnet launch. Despite some initial market hesitation due to CFTC scrutiny and Coinbase suspending Fantom trading, FTM received its bullish momentum back and has shown substantial signs of strength.Moreover, experts predicted a potential 70% price increase within the frame of 30 days, edging towards the $2 mark, while a bold strategic analysis by another sector expert suggested an 18,000% surge by 2025 that could further push Fantom (FTM) to an astoundingly high price of $150.Simultaneously, a strong crypto competitor, BlockDAG, posted stiff competition with its rapid grownth, and the shipment of miners lead some to question if BlockDAG could soon outperform Fantom. Andre Cronje, a prominent figure in the crypto world, extended an open invitation to developers to contribute to Fantom's Sonic upgrade, further fueling optimism in the project.In all, despite facing minor setbacks, Sonic's project rebranding from Fantom appears to have generated an aura of optimism around its futuristic endeavors, promising higher speed, increased scalability and enhanced DeFi strategies.

Fantom News Analytics from Fri, 21 Jun 2024 07:00:00 GMT to Thu, 22 May 2025 08:07:16 GMT - Rating 6 - Innovation 8 - Information 7 - Rumor -2