↑ Fantom to Sonic: Navigating Crypto rebranding, Scalability, and Legal Undertakings

The cryptocurrency market has noticed a definite stir around the token known as Fantom, now also recognized as Sonic (S). The transition from Fantom to Sonic has culminated from a pressing need to enhance speed and scalability in DeFi, thereby leading to a rebranding. However, this name change has not necessarily created a boost in price momentum in the short term, with some postulations of the Sonic (previously FTM) price soaring to the $2 mark by 2025-2030.

This rebranding and swap of tokens, with support from exchanges such as Bitvavo, Crypto.com, Binance and Bybit, has the potential to steer Fantom’s endeavour towards DeFi dominance. Insight into the Fantom price prediction implies that with effective clearance of specific resistance, the price of the FTM crypto could potentially rise significantly. Despite initial price dips, the strength shown both ahead of the rebrand and post its relaunch has analysts believing that the upward trend may continue.

A remarkable aspect of the Fantom storyline is the foundation’s quest to recuperate assets post an exploit with the Multichain foundation. The endeavour to liquidate Multichain, with suspicions about the hack being an inside job, has attracted attention. In this context, the Fantom Foundation’s revamp to Sonic and the creation of Sonic Labs underlines strategic planning and potential promising prospects in the future.

Developers have been invited by Andre Cronje to join the Sonic upgrade, indicating Fantom’s shift from solely being a software upgrade to becoming a supercharged version of the synth workstation. Fantom's blockchain technology offers scalability, and its capability to create its nodes and blockchains adds to its distinctiveness and innovation.

Fantom News Analytics from Wed, 20 Jun 2018 07:00:00 GMT to Sat, 27 Dec 2025 20:09:16 GMT - Rating 7 - Innovation 8 - Information 9 - Rumor 6