⇑ Fantom's Trailblazing Quest: Sonic Upgrade Ignites FTM's Meteoric Rise

Fantom (FTM), the blockchain project, continues to gain remarkable attention in the crypto space underlined by significant developments, unprecedented returns, and rigorous activities. At the center of it all, Fantom has unveiled its rebranding into Sonic Labs as it focuses on establishing a high-speed blockchain system with a finality of 720ms, an attractive feature for developers. Infusing Sonic Upgrade into its ecosystem, the transition is seen as highly beneficial with expectations of significant price increase. Moreover, the launch of a $6.5M dev fund for 'safer memecoins' reinforces Fantom's bet on innovation.

The crypto market flourished with Fantom's token, FTM, showing signs of rallying despite the periodic slumps. FTM recorded an astounding 70% gain within 30 days and even achieved a 90% climb post Sonic testnet rollout. Targeting a dollar, it has emotionally charged the investors' hope of reaching new highs.

Most interestingly, Fantom's Sonic Upgrade seemed to have stirred up the interest of whales as accumulation intensified. Offsetting market's general sell-off, FTM continues to shine with its price surging 40% in just a month, making it among the top gainers. Furthermore, notable names in the crypto space have FTM within their radar, poised to offer impactful returns. Additionally, Fantom moves closer towards realizing its vision with the commitment of over $144,000,000 in FTM to Sonic Labs accelerator program.

Nonetherless, the project has its share of controversies. The Fantom Foundation is currently locked in a legal battle against Multichain over a $2M exploit. Despite the legal hitches, the general outlook of Fantom seems more bullish, and its rebranding to Sonic and the subsequent upgrade paints a bright future.

Fantom News Analytics from Tue, 05 Mar 2024 08:00:00 GMT to Wed, 11 Dec 2024 15:00:58 GMT - Rating 8 - Innovation 7 - Rumor 7