No discussion of altcoins to monitor in December 2024 would be complete without mentioning Fantom ($FTM ). This month marks the highly anticipated Sonic upgrade, set to launch on the Mainnet. Leading up to this pivotal development, FTM has impressively reached the $1.4 threshold, reflecting a remarkable 100% increase over the past 60 days.
Currently trading at $1.434, there is potential for FTM to surge to $2.14 in the short term, bolstered by an increase in Bull Bear Power (BBP), which suggests that bullish sentiment is prevailing. Should the Sonic Mainnet launch proceed as planned, we could see the price approach $2.5 however, this trajectory may be jeopardized if selling pressure intensifies.
