⇗ Fantom Displays Resilience Amid Sonic Rebranding and Market Changes

In recent crypto updates, traders are moving from Fantom and VeChain to Bullionaire's presale for anticipated high returns in 2025. Despite this, Fantom (FTM) continues to demonstrate strength amid the Sonic rebranding. The rebranding from Fantom to Sonic has resulted in a significant 66% increase in Sonic's Total Value Locked (TVL), which has risen to $253M. Amidst this, Coinbase suspends Fantom trading due to scrutiny from the Commodity Futures Trading Commission (CFTC).
Major anticipation surrounds Fantom's rebranding to Sonic, with the potential to propel Fantom's price to $1. On another note, the crypto market has seen 1Fuel partnering up with big investors, making OFT look promising in comparison to early Dogecoin. Further, John Fantom’s obituary (2024) was featured in the Baltimore Sun. AAnalysts predict bullish action for FTM; Fantom is about to launch a sub-second trading network, Sonic, inviting developers to join. Andre Cronje, from the Fantom Foundation, is championing this initiative.
Interestingly, the price of Fantom FTM has been rallying, with the token surpassing the $1 mark, amidst talks of whether the price may gain 180%. Amidst a widespread crypto sell-off, Fantom has been outperforming the market, while Sonic's rebranding may lead FTM's price to surge to $1. Fantom has registered a 19-month activity high after a 46% drop and has the potential to surge by 50%. Investors are excited for what's to come, yet pressure for the uptrend faces could impact the cryptocurrency.

Fantom News Analytics from Fri, 16 Aug 2024 07:00:00 GMT to Tue, 11 Feb 2025 17:20:52 GMT - Rating 5 - Innovation 4 - Information 8 - Rumor -2