↑ FTM Coin's Market Activity Spurs Bullish Optimism Despite Potential Pitfalls
A flurry of recent events might influence the **price** of **Fantom (FTM)** coin, a high-throughput smart contract platform. There has been a...
Fantom (also known as FTM Coin) has been making considerable noise in the cryptocurrency market lately. With its upcoming rebranding to Sonic, many analysts project a potential 50% price surge. While Coinbase suspension of Fantom trading there are slight fears of a price drop. However, many expect FTM to rally further following its transition to Sonic, with some estimates suggesting 250% gains are possible.
Interestingly, Fantom has been delisted from Binance, causing its price to drop. Despite its current struggles, many investors and analysts anticipate its price to rebound and hit around $1 due to the Sonic Price Prediction. Nevertheless, some experts believe other coins might outperform FTM as they all battle to dominate the DeFi sector.
As the FTM to Sonic transition continues, FTM aims to maintain its $0.70 price support. Observers speculate its value might soar to $1 this month despite losing some trading volume to other coins. However, a new altcoin is rumored to outshine Fantom and Litecoin in the ongoing bull cycle. Significant anticipation surrounds Fantom's price as Sonic mainnet launches with a sub-second finality, and as the FTM token benefitted from a 32% surge over the past month.
With the promising utility and cheap entry point of another DeFi coin, Fantom holders are considering targeting this coin. Even amidst this move, Fantom keeps up with its resistance, sparking further interest from investors. All these factors put together indicate a bright future for Fantom, regardless of the rebranding to Sonic.
FTM Coin News Analytics from Tue, 26 Mar 2024 07:00:00 GMT to Wed, 15 Jan 2025 08:15:00 GMT - Rating 5 - Innovation 7 - Information 8 - Rumor -3