Fantom - News Analyzed: 3,500 - Last Week: 100 - Last Month: 500

Fantom, a significant player in the cryptocurrency space, has undergone a considerable change, transitioning to Sonic, and demonstrating a nearly 66% increase in its total value locked (TVL), reaching $253 million. The rebranding was followed by a tumultuous period marked by factors such as Binance's delisting of the Fantom coin, substantial price drops, and debates among experts about the potential of Sonic versus alternatives like Rollblock and Dogecoin. Speculative predictions for Fantom's price in 2025 range from a meteoric rise to a potential market miss. Moreover, recent trends have shown an increase in whale accumulation ahead of the rebranding, suggesting a bullish trajectory. Despite experiencing a drop per the transition and facing pressures in hitting yearly highs, Fantom's uptrend appears to continue, with its price even breaching the $1 mark. Prior to its rebranding, Fantom demonstrated strength with remarkable growth, recording a surge of 70% over 30 days and showcasing robust indicators before hitting major resistance. Meanwhile, the Sonic upgrade promises a swift blockchain with a finality of 720ms, which could redefine blockchain speed and efficiency. The Fantom Foundation's commitment of over $144 million to the Sonic Labs Accelerator Program imparts a sense of stability and continuity. On the flip side, Binance Coin and Cutoshi appear to be taking over Fantom's trading volume. Amidst these changes, Binance expressed plans about the Fantom-to-Sonic token swap and rebranding timeline. Rumors of a potential 'liquidation scheme' involving Fantom's stablecoin also circulate, while Fantom continues to vie for a spot at the top along with XRP and Doge Uprising.

Fantom News Analytics from Wed, 01 May 2024 07:00:00 GMT to Wed, 29 Jan 2025 14:29:33 GMT - Rating 4 - Innovation 7 - Information 8 - Rumor -2