⇗ Fantom Rebrands as Sonic, Gains Momentum amidst Bare Challenges

Fantom, a known cryptocurrency in the market, has undergone key developments recently, one of which is its rebranding to Sonic. The project has gained momentum as updates on their New Layer 1 Sonic, known for its heightened transaction speed at 10,000 TPS, were released. This strategic move aims to redefine the boundaries of blockchain speed, with a 720ms finality, attempting to set new standards in the Defi space.
This rebranding and upgrade are supported by leading exchange platforms like Coinbase, Binance, and Cryptocom. However, scrutiny from the CFTC did cause a pause in Fantom's trading on Coinbase. Binance has announced Fantom to Sonic token swap and presented a detailed timeline for the process.
In relation to pricing and market trends, Fantom's price saw a 70% gain in 30 days and forecasts suggest a possible 50% price gain is imminent. Some analysts argue that the rebranding stunt failed to boost price momentum, prompting a 15% drop in FTM price due to final preparations for Sonic transition. Nevertheless, bullish outlooks claim that Sonic's price might surge 180% if it manages to clear specific resistance.
Apart from the crypto aspect, the Fantom name has emerged in partnership with Porsche and Frauscher in introducing a high-end electric sports boat, Frauscher x Porsche 850 Fantom. In spite of these changes, risks surrounding Fantom's future persist, especially after Coinbase delisting announcement and the $7M polter finance exploit on Fantom Blockchain.

Fantom News Analytics from Thu, 11 Apr 2024 02:05:07 GMT to Wed, 25 Jun 2025 09:46:54 GMT - Rating 5 - Innovation 6 - Information 8 - Rumor 3