⇗ Fantom's Rebrand to Sonic Sparks Market Interest Amid Fluctuations

The cryptocurrency Fantom (FTM) which was rebranded to Sonic (S) has seen a series of performance fluctuations in a period that also saw it hit an all-time high. Despite a 15% drop amidst preparations for the Sonic transition and a delisting from Binance that led to a price drop, Sonic TVL saw a 66% rise to $253M since the rebranding from Fantom. Fantom's transition reshaped the blockchain landscape and set up anticipation for a likely bullish action, with Sonic surpassing the $1 mark. News of Sonic's Genesis Block Launch fueled optimism and its developers succeeded in closing a $10 million funding round. Following the transition to Sonic, the coin could potentially rally by over 250%. Despite these positive gains, Fantom also saw some dips and was subject of CFTC scrutiny.

Fantom has shown signs of a strong comeback as it gained momentum, with price predictions hinting at a marked rise in the future. The ambitious Sonic upgrade sought to transform speed and efficiency in blockchain technology, drawing significant attention from developers and investors alike. While some predictions envision staggering growth potential up to 345%, others hint at a consolidation phase and further bullish price action. Although it saw some periods of decline, the overall sentiment remains positive as Fantom bets on 'safer memecoins' and investors increased their holdings ahead of the rebranding to Sonic.

Fantom News Analytics from Wed, 01 May 2024 07:00:00 GMT to Wed, 05 Feb 2025 10:10:06 GMT - Rating 5 - Information 9 - Rumor 5