FTM is good!
The Foundation announced a new blockchain plan for Sonic Network. Sonic is a new Layer1 blockchain that can be seamlessly connected to Ethereum.
According to the vote, existing FTM token holders can exchange for Sonic's native token S at a 1:1 ratio when Sonic is launched. Sonic uses advanced cross-chain technology and will bring users and developers better performance than the existing Opera network.
The Fantom Foundation promises to continue to support the Opera network and invest hundreds of millions of dollars in FTM for the development of the Sonic ecosystem, including marketing, business cooperation, and migration support. Next, the Foundation will use a series of votes to ensure community support for the Sonic plan and jointly shape its future.
Simply put, Sonic is Fantom's next-generation network, designed to significantly improve performance and efficiency while maintaining interoperability with Ethereum.
You can wait for a pullback and hold a light position for the long term.