Fantom (FTM) has been making waves in the crypto ocean lately, riding high on the anticipation of its Sonic mainnet launch. In late November 2024, FTM's price surged by over 21%, making it the top gainer among the top 100 cryptocurrencies.
However, the crypto seas are known for their unpredictability. By mid-December, #FTM reached a yearly high of $1.47, only to slide 8% shortly after. Analysts suggest this dip could be a natural correction, with key support levels to watch at $1.24 and $1.09.
In a significant development, Binance announced its support for the rebranding and token swap of Fantom (FTM) to Sonic tokens, with a 1:1 swap ratio planned for 2025.
As of now, FTM is trading at approximately $0.98, reflecting the market's dynamic nature.
In the ever-evolving world of crypto, it's essential to stay informed and approach investments with caution. As the Sonic mainnet launch approaches, all eyes will be on Fantom to see if it can hit the high notes or if the market will play a different tune.
