Fantom (FTM) Regains Momentum After Weeks Long Bleed – Will This Continue?

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The market opened today with enthusiasm, seeing a rebound after last week’s slippage. According to CoinGecko, the entire market is up more than 3% today.

This led to the bulls overtaking the bearish momentum, pulling several altcoins to the top of the list. Fantom is one of those tokens hoping for a bullish reversal.

Last week, FTM was down nearly 10%, but bulls regained initiative and the token is up almost 6% today. This, along with an upcoming release might make investors and traders buy into the market’s bullishness.

The partnership was first announced on Fantom’s blog in the early half of July, citing that Alchemy’s expertise in the blockchain infrastructure realm makes them the ideal partner for Sonic’s launch.

According to the broadcast, Alchemy will power the Sonic Incentive Program, giving developers access to $5,000 to help with development on the upcoming Sonic platform.

This means developers needing help finding funds for their projects will have an easier time building on the upcoming platform.

The incentive program is part of the broader 200 million $S token Innovator fund to help kickstart the transition from Opera to Sonic.

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