↑ Fantom's Rebranding to Sonic: Cryptomarket Stirred with Potential Price Surge

Sonic, formerly known as Fantom, is stirring the financial markets with its recent rebranding and the associated price surge. A variety of factors suggest the currency could soon move towards the $1 mark, with the subsequent resistance at $0.85. The rebranding to Sonic left FTM holders waking up to a big surprise and a strong price chart hinting at a 50% gain. This transformative rebranding era has already lifted Sonic’s total locked value (TVL) by 66% to $253M. Unexpectedly, Coinbase suspended Fantom trading due to scrutiny from the Commodity Futures Trading Commission (CFTC), adding some uncertainty to the mix. Furthermore, Andre Cronje has made a direct call to developers to participate in Fantom's Sonic Upgrade, which may increase the project's momentum and credibility. Amid the major upgrades, Fantom (FTM) retains the potential to continue its positive trend even after selling pressure relief and a dip recovery. Important milestones in its roadmap, such as the Sonic Announcement in October, paved the way for bullish market action. Furthermore, Fantom's price surpassed the crucial $1 mark, shedding optimistic light on the possibility of reaching up to $1.74. As Fantom prepares for final transitions to Sonic, there are speculations about a possible price drop. Nonetheless, there are numerous analysts predicting a positive outcome for Fantom, with one eyeing a 345% growth potential towards the $3 mark. The market awaits the official launch of Fantom's sub-second trading network Sonic, which is expected to secure the project's position firmly. Sonic Lab's Genesis Block launch only adds to the optimism surrounding Fantom's Sonic upgrade. In conclusion, Fantom's strategic moves, primarily revolving around its Sonic upgrade, are likely to push the cryptocurrency towards better performance in the finance market.

Fantom News Analytics from Wed, 01 May 2024 07:00:00 GMT to Tue, 18 Feb 2025 11:16:28 GMT - Rating 7 - Innovation 8 - Information 7 - Rumor -2