Fantom (FTM) has grabbed significant attention in the cryptocurrency market as it reveals a series of promising developments, aiming at a significant price increase. As Bitcoin yet float near the $100k mark, investors are keenly observing
FTM, along with DOGE, SUI, PEPE. Noticing the rising potential, Fantom and Dogecoin holders are tending toward a promising new DeFi coin due to its utility and affordable entry. Despite a stiff competition from altcoins under $5 like JUP and PYTH, FTM has displayed a potential to reach a seven-day high. However, traders should exercise caution as the rally might be short-lived. The price of Fantom has also shown signs of 8% growth as
Sonic Labs reveals the Genesis Block and a subsequent
Sonic rebranding, expected to hugely boost FTM's price. The emerging preference toward Fantom is driven by strong speculations of high returns. Still, the recent price dip poses a query on the possibility of a bull recovery. With a run-up to Sonic testnet going live, the path to $1 remains uncertain even after a 40% price rally. A new altcoin is speculated to outperform
Fantom and Litecoin in the ongoing bull cycle, while Fantom's momentum cools off. Beside this,
Sonic Labs hints at its layer-1 blockchain going public 'soon'.
Fantom allocates $120M in FTM tokens for Sonic migration, and intrigued investors look forward to the crypto assets that will yield potential gains in December 2024.
FTM Coin News Analytics from Fri, 22 Mar 2024 07:00:00 GMT to Sun, 08 Dec 2024 23:06:23 GMT -
Rating 8
- Innovation 6
- Information 7
- Rumor 2
