FTM Coin, also known as
Fantom, has been experiencing significant activity in the crypto market. The coin saw a dramatic spike following the release of
Sonic’s Litepaper. Early sceptics of cryptocurrency are having a change of heart with the explosive growth recorded in coins like
Fantom. The coin's surge over the past month by
40% has caught the attention of many, with the progression seemingly defying market expectations. The coin has also managed to outperform
CoinDesk 20 as its Total Value Locked (
TVL) jumped.
Sonic Labs aims to target the $11T lending market with a new blockchain feature, pushing
Fantom to new heights. However, these bullish trends are not without potential pitfalls, as analysts predict a short-lived seven-day high rally. Despite experiencing losses amid a market decline,
Fantom managed to surge by 36% thanks to a boost in sentiment following the
Sonic launch. The ambitious goal to match a $3 All-Time High (
ATH) by 2025 has challenged the narrative of are crypto down seasons in the past. Even with a
78% decrease in value recorded, analysts predict that the launch of
Fantom's upgraded
Sonic chain and surged TVL might indicate coming gains. Lastly, a successful rebranding to
$S has sparked hopes of a recovery of
Fantom's price.
FTM Coin News Analytics from Fri, 16 Feb 2024 08:00:00 GMT to Wed, 16 Oct 2024 08:18:28 GMT -
Rating 8
- Innovation 7
- Information 6
- Rumor -3
