⇗ Fantom Gears Up For Bullish Future With Sonic Rebranding And Diverse Ventures

Fantom(FTM) a highly scalable blockchain protocol, is gaining momentum in the market, however, its rebranding of FTM to Sonic(S) is creating buzz among cryptocurrency enthusiasts. Following Fantom's recent performance upgrade with Sonic, the blockchain network has seen an uptick in its total value locked (TVL) to $253 million. This move, and Fantom's overall upward price trajectory, suggests that Sonic is a layer-1 contender in the crypto arena.

The Fantom project is not only powering crypto assets but also undertaking ventures in aero-composites and electric luxury sports boats, underlining their reach beyond the digital currency sphere. Frauscher's collaboration with Porsche to set a speed record with their 850 Fantom is a testament to this progress. However, the rebranding has ignited some volatility in the market, the FTM token experiencing a 15% dip and an 8% slide. Nevertheless, the market is showing signs of recovery, suggesting a potential bullish future.

Binance and Bybit are backing Fantom's transition to Sonic, offering support for the token swap and rebranding process. Addressing concerns over potential delisting, Binance has confirmed its continued support for the new Sonic token, creating a promising environment for Fantom's rebranded endeavor. With Sonic's mainnet launch on the horizon, it's a critical time for the project. Despite mixed sentiments, many believe that the Fantom to Sonic change spells more opportunity than risk, and the upward trajectory could soon resume.

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