↑ Fantom's Futuristic Play: From Cryptocurrency to Sonic Boom

According to recent updates on Fantom, the cryptocurrency has gained notable attention from investors and analysts for its high-grade technological aptitude and breakthrough price rally. Commended and often compared to other noteworthy cryptos like Qubetics, Aave, and BlockDAG among others, Fantom (FTM) has shown some promising trajectories in the recent past. There has been buzzing speculation that FTM's price is poised to hit $2 after a breakout rally soon.

Interestingly, in a significant development, Fantom has rebranded itself to Sonic, waking up FTM holders to this massive surprise! This move is intended to accelerate Fantom's driving power in the decentralized finance (DeFi) sector. Furthermore, profitability predictions for Sonic (Formerly Fantom), especially with its post-rebrand surge, are quite positive with short-term struggles expected.

Continued signs of strength are appearing even after the rebranding. For instance, Fantom's price surged significantly by 23% after selling pressure subsided. The launch of Sonic Labs' Genesis Block has instilled additional optimism around Fantom's Sonic Upgrade. However, the platform has also seen certain challenges as FTM slid 8%, and subsequently 7% after reaching its yearly high.

Despite some dips, continual momentum is anticipated as key breakout levels near and significant whale accumulation intensifies. Multiple reports suggest that if certain resistance levels are cleared, Fantom's price could potentially rise by up to 180%. Moreover, Fantom's Total Value Locked (TVL) has risen by 66% to $253M post the rebranding, marking a healthy sign of growth for the network.

Considering these factors, Fantom seems to be on the verge of a Mega Move, with a high price rally expected soon. However, in the dynamic world of cryptocurrencies, fluctuations remain inevitable and investors must keep a close watch on market trends.

Fantom News Analytics from Fri, 02 Aug 2024 07:00:00 GMT to Wed, 26 Mar 2025 17:21:56 GMT - Rating 7 - Innovation 7 - Information 8 - Rumor -4