๐ Uncover the Next Big Thing: Fantom Coin's Rebrand to Sonic Labs and Its Skyrocketing Potential! ๐
Fantom Coin, previously known as Fantom Foundation, has recently rebranded to Sonic Labs. This rebranding is part of their transition to the new Sonic blockchain, which aims to provide a high-speed, secure layer-1 platform with a layer-2 bridge to Ethereum. The new S token will replace the FTM token and will play a crucial role in transaction fees, staking, and governance within the Sonic ecosystem.
๐ฎ Expected Returns: The rebranding and the launch of the Sonic blockchain are expected to boost Fantom Coin's value. Currently trading at around $1.32, analysts predict that FTM could reach $1.50 by mid-December 2024, representing an 18.69% increase in just a few weeks. Looking further ahead, if the bullish sentiment continues, FTM could potentially hit $2 by the end of the year.
Price Analysis and Future Prediction ๐
Current Price: As of now, Fantom Coin (FTM) is trading at $1.32.
Short-Term Prediction: Over the next three months, FTM is expected to continue its upward trend. Analysts predict a potential rise to $1.50by mid-December 2024. Key support levels are around $1.20, while resistance levels are at $1.40.
Long-Term Prediction: With the launch of the Sonic blockchain and the introduction of the S token, FTM holders can exchange their tokens at a 1:1 ratio. This transition is expected to bring new opportunities and growth to the ecosystem, potentially driving the price higher.
Overall, the rebranding to Sonic Labs and the launch of the Sonic blockchain present a promising outlook for Fantom Coin, with potential returns for investors in the coming months. ๐
Excited about Fantom Coinโs future? ๐ฌ What are your thoughts on this rebranding move?
