
Recent developments in the cryptocurrency market show the impact on Fantom (FTM). The altcoin has been rebranded to Sonic (S), which led to a significant surprise for FTM holders. Post-rebranding, Fantom saw extensive growth and appeared poised for a 50% price gain. Bulls believe FTM could break through resistance and reach $0.85. The performance surge and rebranding to Sonic have bolstered optimism around FTM that it could potentially achieve a price of $1.A notable highlight was the announcement that Binance completed the FTM token swap and rebranding to Sonic. Similarly, in the case of a key resistance of $0.84, it is seen as decisive for FTM's further price movement. Developments suggest Fantom may be on the verge of a massive move with the price gearing up to retest the bullish breakout. Investing in Sonic could be highly profitable, especially with full support from major platforms like Binance. Rumors of Fantomβs launch of sub-second trading network Sonic adds to the participatory interest in the project. Despite short-term struggles, Fantom projects strength and a potential for high returns for long-term holders. Whispers of Fantom's expected rise in the market describe it as a meteoric surprise while skeptics believe it could be a market miss. Performance-wise, Fantom have been seen to gain 70% in 30 days and subsequently, a huge markup in trading volumes. However, potential hurdles lie ahead as Sonic faces scrutiny from CFTC which leads to the suspension of Fantom trading on Coinbase.
Fantom News Analytics from Mon, 19 Aug 2024 07:00:00 GMT to Tue, 11 Mar 2025 14:01:26 GMT - Rating 7 - Innovation 6 - Information 8 - Rumor -2