↑ 'Fantom Rebrands as Sonic: A Leap Towards Enhanced Blockchain Speed and Scalability'

Fantom has been at the forefront of major cryptocurrency changes and developments. The project forms the fundamentals of automated aerocomposite NDT, with its developers introducing the solid base for Sonic, its rebranding move, which was announced on multiple platforms including Binance. The price of Fantom soared 70% in a span of 30 days, showing bullish price action and promising a rapid growth trajectory.

The Sonic upgrade invited more developers to the platform, leading to significant gains in the price of the digital currency. While it did face selling pressure, the price jumped 23% after it came to a halt. Further, Fantom shows strength ahead of the Sonic rebrand, with potential for a 50% price gain.

At an operational level, Andre Cronje has invited developers to join in on Fantom's Sonic Upgrade. Following the rebranding, Fantom's FTM token surged 32% due to Sonic Upgrade. The aim behind this upgrade is to redefine blockchain speed with 720ms finality.

Binance has announced its support for the Fantom token rebranding and the Fantom to Sonic token swap. However, the momentum cooled off slightly as Fantom price may face a potential 33% decline. Insiders also anticipate a continued uptrend for the cryptocurrency, gearing up for a $2 target.

On a negative note, Coinbase suspended Fantom trading amid CFTC scrutiny. Despite this, it remains ahead of the market even during a widespread crypto sell-off. Looking to the future, Fantom is set to redefine blockchain speed and scalability with its Sonic rebranding.

Fantom News Analytics from Thu, 23 May 2024 07:00:00 GMT to Fri, 18 Apr 2025 14:39:13 GMT - Rating 6 - Innovation 7 - Information 8 - Rumor 1