↑ Fantom's Sonic Boom: A Pendulum Swing or a Definite Trajectory?

Recently, the cryptocurrency world has been keeping a close watch on Fantom (FTM), as it props up a significant growth of 40% over the last month. The surge appears to be generally linked with Fantom's large-scale upgrade and its rebranding to Sonic Labs. The murky details surrounding this rebrand and the Sonic's launch have created immense intrigue among potential investors leading to a buzz around Fantom.Fervor continues to grow as Fantom declared a launch of a $6.5 Million developer fund aiming to create safer memecoins. Alongside, Fantom's price seems to oscillate around the key support level, suggesting a possible uptrend. The bullish forewarnings hint at some significant price action with Fantom surging up by 15% over a week.Investor sentiment on Fantom remains positive with an anticipation of Sonic upgrade, determining the continued bullish trajectory. Furthermore, Fantom announced a $120 Million allocation in FTM tokens for the Sonic migration, bolstering the expectations of a price rally.Despite some doldrums, the price of Fantom sees potential with a bullish candle forming after obtaining crucial funding. Nonetheless, as the crypto market deals with fluctuations, insights anticipate a near-term bearish signal for Fantom predicting an 8% drop.On a parallel side, featuring Fantom's technology prowess, it partners with Google Cloud, fortifying its infrastructure and AI capabilities. However, controversy tumbles as a Fantom stablecoin watcher alleges of a liquidation scheme, raising some valid concerns.Finally, weighing the current developments and consequential expected momentum, experts urge an exploration on the investment potence in Fantom.

Fantom News Analytics from Tue, 16 Jan 2024 08:00:00 GMT to Wed, 25 Sep 2024 17:08:07 GMT - Rating 6 - Information 8 - Rumor -2