↑ Fantom Foundation's Legal Triumph Fuels Sonic Chain Momentum

The major development around Fantom seems to be its legal victory against Multichain. The Singapore Court ruled in favor of Fantom Foundation, ordering Multichain to compensate $2.19 million for losses suffered. This windfall comes as a significant boost to Fantom, especially at a time when Fantom Foundation announced the creation of Sonic Foundation and labs for a new Sonic Chain. More exciting is the allocation of $120 million in FTM tokens for this Sonic migration.

Despite expectations of performance enhancement, Fantom (FTM) revenue dropped by double-digits. However, with Fantom becoming a Google Cloud partner and testing impressive upgrades like Sonic, it has sparked speculations of a major breakout. The Fantom price is predicted to surge by financial analysts and their DeFi surged 20% as the Sonic upgrade rolls out. The creation of Sonic Foundation and a potential throughput gain of 6700% further secures this belief.

Innovation strides continue as Fantom taps into the meme coin market with a launch of a $6.5million dev fund.Fantom seems to be moving forward despite market pressures, showing notable resilience and adaptability. This positive outlook on Fantom encourages traders to anticipate an increase in its price and overall market performance.

Fantom News Analytics from Thu, 14 Sep 2023 21:18:05 GMT to Fri, 12 Jul 2024 09:38:42 GMT - Rating 7 - Innovation 8 - Information 7 - Rumor 5