In summary with reference to various reports, Fantom popularly known as FTM Coin- a leading player in the crypto market, plans to rebrand as Sonic (S) – a move predicted to significantly impact its market position and value. Analysts have favorably projected that this change could hike FTM's price by up to 250%, even potentially surpassing the price of top-rated XRP by 2025. This prediction appears to already be going into effect, with Fantom noting a substantial value gain of 70% within a period of 30 days.
In addition, Sonic Labs has launched FTM to S token swaps via its Gateway, displaying confidence in its proposed transition to Sonic. Despite these advancements, Fantom seems to face a slight reduction in its trading volume, as competitors such as Binance Coin (BNB) and Cutoshi (CUTO) have gained some positive momentum.
Foremost cryptocurrency exchange platform, Binance has announced its support for the Fantom to Sonic token swap and related rebranding timeline. This move coincides with Fantom's bold action creating a 19-month activity high despite a 46% drop. As Fantom defies the current market downturn and pushes for a 40% rally, analysts prove eager to predict its pathway to hitting $1 and exceeding despite a possible dip amid rumors of a delisting on Coinbase
Fantom's FTM token has recorded a 32% surge in the last month thanks to its Sonic upgrade. Following the announcement of its Litepaper, FTM spiked subsequently adding traction to Fantom's growth. Reports also highlight Fantom's resilience amidst market fluctuations, as it continually maintains support at $0.70 and looks to hit $1 this month. Additionally, after the launch of Sonic's mainnet, the FTM price eyes a $1.20 target.
FTM Coin News Analytics from Fri, 22 Mar 2024 07:00:00 GMT to Thu, 06 Feb 2025 04:30:00 GMT - Rating 6 - Innovation 7 - Information 8 - Rumor 5