Fantom (FTM) coin is currently defying market trends by exhibiting consistent growth. The coin, which was priced under $5, has experienced a surge, even hitting a three-month high. Its rising price has been attributed to several factors, including a recent rebranding to Sonic and a release of Litepaper. Notably, Fantom has also unveiled a plan to allocate
$120M in FTM tokens to facilitate Sonic migration, bolstering investor faith.
Despite occasional dips and losing trading volume to Binance Coin (BNB) and Cutoshi (CUTO), the overall
uptrend is promising. Over the past month, the coin’s price has increased by 40%, and spiked by 12% the time Sonic Labs revealed its plans to take on the $11 trillion lending market with a new blockchain feature. This move could potentially lead to FTM's price touching $1 mark.
Additional reasons for the coin’s positive performance are the Sonic Testnet going live and
whales contributing to a $160 million buying spree. These factors have led to a surge in sign‑ups on the rebranded BlockDAG website and pushed their presale to over $102M, with Fantom gaining noticeable traction during this period.
Provided the momentum keeps up, Fantom is likely to see further gains and high trading volumes. However, these developments will highly hinge upon Sonic’s successful upgrade and Fantom’s strategic approach to future innovations.
FTM Coin News Analytics from Fri, 16 Feb 2024 08:00:00 GMT to Tue, 29 Oct 2024 14:04:57 GMT -
Rating 8
- Innovation 7
- Information 9
- Rumor 6
