Fantom (FTM) has experienced a 25% price increase in just seven days, reaching $0.51 on Sept. 16. This surge is part of a larger rebound that began on Aug. 6, resulting in a total rise of over 40% in the past month. In comparison, Bitcoin (BTC) has decreased by 4% and Ether (ETH) by 12.6% over the same period. The upcoming Sonic upgrade on the Fantom blockchain is expected to significantly enhance its performance, increasing transaction speed to over 2,000 transactions per second. Despite the positive price movement, investor interest in Fantom's decentralized finance ecosystem remains subdued. However, there has been a recent increase in the total value locked in Fantom's DeFi applications. Technical analysis suggests a potential bullish trend for FTM, with a breakout above $0.53 indicating a reversal of the downtrend and a target price of $0.81. Read more AI-generated news on: https://app.chaingpt.org/news