Fantom (FTM), the cryptocurrency, is creating significant buzz in the market. After a series of changes, it went through a rebranding, transitioning to
Sonic (S). As it gears up for a
$2 target, many traders are keeping a close watch. This transformation owes its potential to a
50% price gain. However, this bullish attitude is interspersed with downturns like a 16% drop wherein a $1 rebound seems difficult.
The cryptocurrency market saw a surge in competition with the entry of many
alternative coins. Fantom also faced regulatory scrutiny, which led to a temporary suspension of trading on
Coinbase. Nonetheless, Fantom displayed resilience through a volatile market, with a price surge of 15%. After
Sonic's migration is complete, its blockchain technology is slated to go public 'soon'. This 'soon' comes with the promise of a
performance narrative, coin swap, and airdrop, all working in favour of the renewed coin. Moreover, Fantom was not deterred by market fluctuations and a 78% rise in 30 days was recorded.
Amidst the transformation, Fantom is facing stiff competition as investors move to other promising cryptocurrencies. We also witness a merging of foundations aiding the transition of
Fantom to Sonic. The Sonic chain is likely to be launched across 13 exchanges in January 2025. Despite the several ups and downs, Fantom's persistent performance keeps it in the limelight in this unpredictable market.
FTM Coin News Analytics from Tue, 26 Mar 2024 07:00:00 GMT to Tue, 18 Feb 2025 08:00:00 GMT -
Rating 3
- Innovation 6
- Information 8
- Rumor -5
