↑ Fantom's Transition to Sonic: An Overview of Achievements, Challenges, and Expectations

The Fantom network has been making significant strides in the crypto market. A rebrand to Sonic (S) was recently implemented with the goal of enhancing speed and scalability in DeFi. In terms of performance, Fantom's price has seen various fluctuations. Positive instances include a 50% price gain before its Sonic rebrand, a surge of 70% within 30 days, a notable recovery from a dip with subsequent uptrend continuation, and a major upgrade propelling a potential rise to $1.6. Negative trend, however, was observed with a 8% decline after reaching a new yearly high.

Recently, a raft of interest has been generated with the launching of Fantom's Sonic upgrade, which hit a 19-months activity high even though the price dropped by 46%. Although presenting some initial struggles after the Fantom rebrand, market sentiment remains optimistic with experts expecting Fantom price to surge on track to reach $1.68. Furthermore, Fantom's $961K liquidation pool is expected to initiate major trend reversal. Active participation was also received from developers, invited by Andre Cronje to join the upgrade process.

Highlighting the tech advancements, Sonic labs' Genesis block launch fuelled green light for the Fantom’s Sonic upgrade. This rebrand led to a Sonic TVL, a rise of 66% to $253M, offering consolidated support to Fantom's price.Porsche and Frauscher are introducing the Frauscher x Porsche 850 Fantom sports boat aligning technology with lifestyle.

However, the Fantom transition has not been without criticism as it came under CFTC scrutiny, leading to a suspension of trading on Coinbase. Nevertheless, Binance announced its support for the Fantom token swap and rebranding. With the Sonic mainnet launch nearing, the Fantom price has the potential to hit $2.

Fantom News Analytics from Wed, 01 May 2024 07:00:00 GMT to Tue, 04 Mar 2025 07:52:30 GMT - Rating 7 - Innovation 9 - Information 8 - Rumor 2