Global #Fantom

Sonic Labs, co-founded by renowned crypto figure Andre Cronje, has launched Sonic, a blockchain compatible with both the Solana Virtual Machine (SVM) and Ethereum Virtual Machine (EVM).

Fantom (FTM) has been the talk of the crypto world following its recent breakout, propelling the token to new trading highs.

Fantom (FTM) has recently experienced promising growth, with its price increasing significantly over the past week. However, traders and investors are left wondering how long this uptrend can continue, as key indicators suggest that momentum may be starting to wane.

Fantom (FTM) has shown significant resilience and potential for further gains following a key technical support retest. On Friday, FTM found robust support at $0.364, aligning with the 61.8% Fibonacci retracement level.

The Fantom Foundation, the organization behind the Fantom blockchain, has announced a significant allocation of up to 200 million FTM tokens, currently valued at approximately $120 million, to incentivize the migration of projects and developers to its new Sonic network. This strategic move aims to accelerate the adoption of Sonic, a faster and more efficient iteration of the Fantom blockchain.

As the Fantom (FTM) price surges to its highest levels in a month, investors are pondering whether it's still a good time to invest in Fantom.

Bitcoin (BTC) has seen a rise of over 8% this week, indicating continued interest from buyers even at lower price levels.

Fantom (FTM) has experienced substantial price appreciation in recent days; however, there is now speculation about a possible correction in the altcoin's value.

A notable transaction has attracted the notice of traders and analysts within the cryptocurrency community. An astute investor has recently acquired a significant quantity of Fantom (FTM) tokens, suggesting a potentially tactical maneuver.