Sonic (S) Leads Crypto Market With 54% Weekly Surge, Is $1 The Next Stop?
Sonic (S), previously known as Fantom (FTM), is leading the crypto market with a significant surge over the daily and weekly timeframes. Analysts noted that the post-rebrand bullish momentum has sent the token to test a key resistance level, which could propel the price to the $1 barrier. Related Reading: Nansen’s Bitcoin On-Chain Analytics Reveal 42% Increase In BTC Transactions Sonic Leads With Post-Rebrand Bullish Momentum Following the anticipated token upgrade, Sonic’s native token price has seen significant bullish momentum, reaching the $0.80 mark twice. On January 13, Fantom....
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Fantom price has been such a joy to watch for investors in recent days, as a much-needed breath of fresh air continues to spread throughout the crypto market. Bitcoin and other large-cap assets seem to be recovering well after a period of sluggish and frustrating price action. Notably, Fantom emerged as one of the best performers in the cryptocurrency market over the past week, posting a substantial 26% price increase in the last seven days. The Layer 1 token has particularly been on a hot streak in the past day, soaring by 15%. The Catalyst Behind The Latest FTM Surge The much-awaited....
Dfinity Foundation’s Internet Computer blockchain has welcomed its first decentralized exchange named Sonic. The first decentralized exchange on the Dfinity Foundation’s Internet Computer blockchain went live this week, following up on the recent release of a new whitepaper. And according to information shared with Cointelegraph, there are already two other exchanges in the works. The first version of the new DEX called Sonic launched to mainnet on Sunday. There are initially only three pools for token swaps using its native token Internet Computer Protocol (ICP): InterICP/WICP (wrapped....
Amidst rising global wealth, resurging interest in blockchain, and a shift in cultural prominence towards digital experiences, NFTs have become a powerful medium for art. Next Earth, an NFT-based replica of Earth, has seen tremendous growth over the past year. They recently released an update with major new features including Land Art, which allows users to create art on Earth using colored tiles. Next Earth has built its community by giving users more ways to own unique lands in the metaverse. This represents an ongoing shift in our culture towards experiences over products, and digital....
The overall crypto market shows signs of price reversal from the downtrend, boosting investors’ confidence. To start with, the week started well for BTC as the market saw its price above $22K. Bitcoin had traded below the $20K price mark until the close of the market on September 9, when it hit $21,381.15. BTC managed to hold down its fort at that price until Monday, September 12, when the market opened with impressive rallies. Related Reading: SEBA Bank To Include Ethereum Staking In Services Currently, BTC and many altcoins are trading in the greens. Bitcoin price has added by 3.32% at....
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....