FTM Coin, also known as Fantom, has garnered significant attention with several factors potentially impacting its price. The digital currency has witnessed a commitment by one whale investor who accumulated 3.2 million FTM ahead of its rebranding to Sonic. Further, with the launch of the Sonic mainnet, capable of handling 10,000 transactions per second, the currency's potential use cases are significantly expanding and attracting a broader investor audience.
Fantom's rebranding to Sonic, including the
launch of its mainnet with enhanced capabilities, is forecasted to significantly buoy its price, potentially pushing it past the $2 mark. A few emerging DeFi titans could pose as threats, but
Fantom's unique framework might counter this competition. However, trading volume for Fantom has retreated, impacted by enhanced trading activities around Binance Coin and Cutoshi. Locating the factors enabling Fantom's impressive rally might not be entirely straightforward. Still, it appears to be fueled by its tech upgrades, rebranding, its transition to Sonic, combined with a significantly involved investing populace. Furthermore, it appears that Fantom's technology might be actively attracting investors and uses away from Dogecoin. Bitcoin's accumulating momentum has ignited many altcoins, Fantom included, towards increased gains. Moving forward, Fantom's rebranded website launch after the Sonic upgrade should increase its investors and support base. Yet, its potential competition could be Rollblock's Crypto Casino with its value as a long-term proposition.
FTM Coin News Analytics from Fri, 08 Mar 2024 08:00:00 GMT to Wed, 08 Jan 2025 00:30:15 GMT -
Rating 7
- Innovation 7
- Information 9
- Rumor 6
