Fantom (FTM) price surges 40% in a month Whats behind the momentum?

Fantom price flashes a classic bullish trading pattern which could extend its month-long double-digit rally.

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Breaking News: Fantom Price is surging

Fantom's price jumped nearly 6% in 24 hours and has surged over 16% in the past seven days.

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Trumps crypto platform launch, Uniswap denies charging for protocol deployment: Finance Redefined

Trump is launching the World Liberty Financial DeFi platform, Uniswaps CEO denies charging for protocol deployment, and the Sonic blockchain hits 720ms finality.

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Fantom (FTM) Sees 13% Gains as Crypto Market Turns Positive

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Fantom 2.0: Sonic Upgrade Set to Transform Speed and Efficiency

Fantom, a key player in the world of the blockchain, is going through a remarkable transformation with the Sonic upgrade which is the latest addition to its product line. It is not simply a brand identity change; it is a revolutionary change for the better that is going to set this platform apart and put […]

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Fantom Price Prediction for Today, August 21 FTM Technical Analysis

The Fantom price prediction shows that FTM remains in the green as the coin market gains 4.01% within the channel. Fantom Prediction Statistics Data: Fantom [...]

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Fantom rebrands to Sonic Labs, focusing on new high-speed blockchain

Fantom has rebranded to Sonic Labs, one of the main bodies supporting Sonic, a new layer-1 blockchain with a layer-2 bridge that connects to Ethereum. The project’s official documentation stated: “We rebranded to Sonic Labs on August 1, 2024. Previously, our company was called ‘Fantom Foundation’ and our Opera chain was referred to as ‘Fantom.'” […]

The post Fantom rebrands to Sonic Labs, focusing on new high-speed blockchain appeared first on CryptoSlate.

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FTM: Core Proposals Spark 16% Rally Ahead Of Sonic Mainnet Launch Details

Fantoms migration to Sonic is now underway, putting the platform under the spotlight which caused FTM, the native token of Fantom, to jump. According to CoinGecko, FTM gained more than 17% since last week, representing the hype their network migration caused within the community.  Related Reading: Celestia (TIA) Gains 14% Following Network Upgrade Announcement The new Sonic Labs is poised to continue Fantoms legacy as four core proposals are now underway for the eventual release of the Sonic mainnet. If passed, the proposals will provide users and developers with a smooth transition to the Sonic network once D-day arrives.  Core Proposals Promise Smooth Transition To Sonic According to the Sonic Labs X account, four proposals will affect the user experience during the switch to the Sonic network. The most notable is the proposed one-to-one ratio between FTM and $S, the native token of the new network. The new token will act like the old FTM token, with 3,175,000,000 $S tokens on Genesis Day.  With @MessariCrypto‘s Q2 2024 report, we looked back at the latest quarter in the world of #Sonic, including 4 governance proposals: 190.5M $S Airdrop $FTM to $S Compatibility Ongoing Funding Validators/Builders Let’s explore the report pic.twitter.com/Sypi35TTF4 Sonic Labs (prev. Fantom) (@0xSonicLabs) August 13, 2024 As a general thank you gesture to Opera users, the platform will allocate over 190,500,000 $S tokens to airdrop. The airdrop also has safeguards to protect the market from a sudden influx $S tokens. It will have a burn mechanism that penalizes users who choose to claim their airdrop position on day 1, burning almost 100% to 88.9% of the tokens vested for the user.  This gives users time to contribute to the overall on-chain activity while providing a guaranteed long-term gain. The new users are also eligible to receive the airdrop once the network is released.  4 Validators/Builders This proposal approved: Validator rewards migrated from Opera to #Sonic Apps in GasM can earn up to 90% of gas with a new burn model Ecosystem Vault funds allocated to @SonicCouncil 14-day staking lock-up period https://t.co/KCAtB2rm7t Sonic Labs (prev. Fantom) (@0xSonicLabs) August 13, 2024 Funding for the new network is also secured as they allocate 47,625,000 $S tokens for running Sonic Spark and Sonic University, providing developers the know-how to build on the platform. To ensure zero wastage of the funds, Sonic will burn the remaining funds if not used within a specified time frame. For example, if only half of the whopping 47,625,000 $S tokens were used, the other half would be burned to protect the integrity of the network while ensuring the funds are not wasted.  Validator rewards will also be migrated from Opera to Sonic to promote the use of the network while protecting $S from too much inflation in the first four years.  FTM Price To Stabilize On This Level Ahead Of Sonic Network Launch  As of press time, the token is struggling to flip the $0.3689 ceiling to support which is crucial for the bulls in the long term.  Related Reading: AVAX Set For ATH? Analysts Predict Explosive Rise To $285 Although the token is seemingly slowing down, the markets general positivity will pick up in the coming days, pushing bears off of the FTM market. This will open the opportunity to retake $0.3689 in the short term while providing the bears a solid support level to take $0.4855 in the long term.  Featured image from Zipmex, chart from TradingView

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Fantom (FTM) Poised For Bullish Divergence, Analyst Predicts 234% Surge

Fantom (FTM) might be preparing for a massive price increase, as pointed out in an analysis made by popular analyst Javon Marks. In a post on X, Marks pointed to the appearance of the Hidden Bullish Divergence in the chart of Fantom. The analyst stated that this could likely result in a large rebound for […]

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Fantom Q2 Performance: Financial Metrics React To Sonic Blockchain Anticipation

The Fantom blockchain saw mixed performance in the second quarter (Q2) of the year, with key financial metrics cooling amid the broader cryptocurrency market downturn and the Fantom Foundation’s announcement to rebrand as Sonic Labs, according to a new report from data intelligence firm Messari. FTM Market Cap, Revenue, And Token Economics  After outperforming in [...]

The post Fantom Q2 Performance: Financial Metrics React To Sonic Blockchain Anticipation appeared first on Crypto Breaking News.

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Multichain Foundation to pay $2.1M to Fantom for losses

The High Court of Singapore ordered Multichain to compensate the Fantom Foundation after a $210 million hack, awarding $2.18 million in damages.

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Cardano Among Alts Likely To See Price Boosts, Santiment Says

On-chain analytics firm Santiment has revealed Cardano (ADA) is one of the altcoins that could likely see price jumps shortly. Cardano Among Altcoins That Are Being Heavily Shorted Right Now In a new post on X, Santiment has talked about the altcoins being shorted against on the derivatives market. The indicator of relevance here is [...]

The post Cardano Among Alts Likely To See Price Boosts, Santiment Says appeared first on Crypto Breaking News.

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Fantom (FTM) Primed for Breakout: Analyst Eyes 522% Surge

Fantom (FTM) is poised for a substantial upward surge, attracting keen interest from analysts and investors alike. In the past week alone, FTM has surged nearly 12%, indicating strong potential for continued growth. The broader crypto market’s recovery, fueled by Bitcoin’s resurgence, is also bolstering altcoins like FTM. Renowned crypto analyst Jonathan Carter recently shared […]

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Fantom Price Prediction: Is FTM Crypto a Good Investment?

According to the long-term Fantom price prediction, by the end of 2030, the FTM crypto price is expected to reach a maximum level of $25 (+4,200%).

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Here Are Top 5 Altcoins to Make Your Lambo Dream Come True 

Prominent crypto expert and YouTuber Lark Davis highlights the top five altcoins that can make investors actualize their Lambo dream. …

The post Here Are Top 5 Altcoins to Make Your Lambo Dream Come True  first appeared on The Crypto Basic.

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Fantom Price Analysis: Whale Activity Sparks Interest in FTM, Analysts Eyes on $1.2289 Target

Fantom (FTM) is gearing up for a potential breakout, positioning itself for significant upward momentum. Recently, FTM hit a low of $0.56 but has since rebounded strongly. Both investors and analysts have taken note of this recovery and the renewed strength of FTM. At the time of writing, Fantom’s price stands at $0.837661, accompanied by […]

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Crypto Analyst Says Ethereum Competitor Fantom (FTM) Could Jump To $1.2

Crypto analyst Altcoin Sherpa has provided a bullish narrative for Fantom (FTM), suggesting that the crypto token could soon make a significant rally to the upside. The analyst also hinted at how Fantom could rise when this happens.   Fantom Could Rise To As High As $1.2 Based on the chart Altcoin Sherpa shared, Fantom could rise to as high as $1.2 on its next leg up. In the meantime, the analyst noted that the crypto token is consolidating at a key level. He added that he expects Fantom to form a chop range between $0.50 and $0.70 for a bit, so that range could serve as support as it moves to the upside.   Related Reading: Analyst Warns Of Bitcoin Breakdown Below Key Psychological Level, Says $40,000 Is Possible Altcoin Sherpa sounded optimistic about Fantoms trajectory, stating that he believes FTM will still be a decent project going forward, especially with the move to Sonic. In May, the Fantom Foundation announced plans to build Sonic, a layer-1 blockchain with a layer-2 network that connects to Ethereum.  Crypto analyst Bitcoin Ape also shared a sentiment similar to Altcoin Sherpa, predicting that Fantom could rise to $1.2. The analyst stated that FTMs rally could happen once there is a market recovery, with Bitcoin leading the way. Specifically, Bitcoin Ape highlighted a falling wedge pattern formed on Fantoms chart, which showed that a price rally was imminent.  Like Altcoin Sherpa, Bitcoin Ape also alluded to Fantoms pivot to Sonic as a bullish fundamental for the crypto token. The analyst noted that Fantom has been on a massive revamp lately with several updates, including the launch of Sonic Labs. He also mentioned the over $100 million in $S (Sonics native token) airdrop, which could attract developers and users to Fantoms ecosystem.  In the meantime, Bitcoin Ape predicts that Fantom could experience more volatility in the coming days because it is currently oversold. However, once the crypto token leaves its oversold condition, the crypto analyst expects that breakout to happen.  FTM Could Drop To As Low As $0.45 Before Next Leg Up Crypto analyst Ijaz Awan recently predicted that Fantom could drop to as low as 0.45 before its next move up. He noted that Bitcoins weakness is dragging altcoins like FTM down, which is why Fantom struggles to gain momentum. As such, he predicts that the crypto token could experience a period of consolidation between $0.45 and $0.55 before its next leg up.  Related Reading: Is The Bitcoin Bottom In? Crypto Expert Predicts Bullish Price Reversal However, the analyst warned that Fantom cannot afford to lose that range of support. He suggested that a drop below that price level would invalidate his structure and could lead to further price declines for the crypto token.  At the time of writing, Fantom is trading at around $0.54, down over 3% in the last 24 hours, according to data from CoinMarketCap.  Featured image created with Dall.E, chart from Tradingview.com

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Fantom allocates $120M in FTM tokens for Sonic migration

The fund will be used for native application grants, strategic grants to decentralized applications, and the development of infrastructure tools for developers and users.

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BlockDAG Titled The Top Performing Crypto Posts Moon Keynote & 30,000x ROI As It Outclass Fantom & Notcoin Price Predictions

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Last Chance: Market Expert Reveals Why Now Is The Perfect Time To Invest In These 5 Altcoins

Renowned market expert Michael Van de Poppe has recently shared his insights on the current state of the cryptocurrency market, highlighting potential breakout opportunities for altcoins.  As the largest cryptocurrency on the market, Bitcoin (BTC), consolidates in a price range between $67,000 and $70,000, Van de Poppe’s latest market update suggests that this may be the ” final time” to invest in altcoins before a potential breakout.  Altcoins Analysis In a series of social media posts, Van de Poppe analyzes specific altcoins, including Sui (SUI), Chainlink (LINK), Floki Inu (FLOKI), Fantom (FTM), and Polkadot (DOT), offering valuable insights for investors. One of the altcoins that has caught Van de Poppe’s attention is SUI, which, according to his analysis, has shown strength in the market with a higher low formation. Van de Poppe suggests that if momentum provides a breakout above $1.17, SUI could continue its uptrend toward $1.60 (currently trading at $1.067). Chainlink (LINK) is another altcoin Van de Poppe considers heavily undervalued. Drawing on historical data, he points out that LINK has delivered a 150% return in previous cycles, making it an attractive investment opportunity at its current trading price of $16.037. Related Reading: Shiba Inu Price Could Skyrocket By 1,100%, Predicts Analyst However, Van de Poppe also advises caution with certain altcoins. For instance, FLOKI, despite its substantial 1200% increase since the beginning of its recent run, carries a higher risk of a heavy correction. He suggests that interested investors wait for a 30-40% correction before considering an investment. Van de Poppe also draws attention to Fantoms native token FTM, which has been forming lower highs and lower lows. With multiple tests of the $0.60 support, a price breakdown seems likely. If a breakdown occurs, he identifies two potential areas of interest between $0.4924 and $0.6113 for swing trading. Crucial Support Levels For Ethereum  Regarding Polkadot, Van de Poppe highlights its potential as a market leader in the Real-World Asset (RWA) sector. He emphasizes that Polkadot is currently undervalued and is in the process of implementing RWA within its ecosystem. Despite the price not reflecting the thriving ecosystem, Van de Poppe expects this will change. Related Reading: Solana Searching For Direction: Will SOL Break Free Or Fall Flat? In addition to these lower-cap altcoins compared to the largest, Van de Poppe provides insight into Ethereum (ETH). In a separate analysis, the market expert suggests that ETH is looking for a higher low and expects confirmation of S-1 filing approval for the long-awaited Ethereum ETFs in the US in the coming weeks. Interestingly, on the 3-day Ethereum/BTC chart, Van de Poppe identifies the 0.05-0.051 BTC range as a key support area for Ethereum. Featured image from DALL-E, chart from TradingView.com

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