↑ Fantom (FTM) on the Upswing: Sonic Upgrade Fuelling Bullish Sentiment

Significant developments surrounding the Fantom (FTM) cryptocurrency have garnered attention in recent weeks. Particularly notable is the launch of the Sonic upgrade, which resulted in a 20% leap for Fantom DeFi. The Sonic Chain itself has generated buzz with the creation of its dedicated Sonic Foundation and Labs. Bullish sentiment is growing as a result of bullish price predictions, some suggesting an FTM surge to $2 this year.

In addition, the BlockDAG platform is drawing the interest of Fantom and Helium fans thanks to its new advisor, ex-Algorand guru Maurice Herlihy. Fantom has made an ambitious bet on ‘safer memecoins’ with the launch of a $6.5M dev fund. Despite a recent revenue drop, Fantom saw a spike in active users, suggesting continued interest in the platform.

Simultaneously, Fantom's price has demonstrated resilience, with a recovery above $1 mark after the announcement of the launch of memecoins and a stablecoin. Future developments include the launch of a bridged version of USDC, Fantom's new official ecosystem stablecoin, and the ongoing allocation of $120M in FTM tokens to facilitate Sonic migration.

Fantom News Analytics from Mon, 20 Nov 2023 08:00:00 GMT to Thu, 01 Aug 2024 01:02:19 GMT - Rating 7 - Innovation 8 - Information 6 - Rumor -3