Fantom (FTM) Surges 40% as Upcoming Sonic Upgrade Sparks Investor Interest

Fantom (FTM) has been on an impressive run in recent weeks, surging by a remarkable 40% over the past month. The cryptocurrency reached $0.51 on September 16, marking a significant rebound since August 6.

Data shows FTM climbed from $0.26 on August 5 to an intraday high of $0.53 on September 16, representing a staggering 103% increase. This performance is striking when compared to major cryptocurrencies, with Bitcoin dropping 4% and Ethereum falling by 12.6% in the same period.

The total crypto market cap shrank by 2.5% to $2.02 trillion during this time.

Crypto trader 'Mister Crypto' attributes FTM's rally to 'a lot of development behind the scenes,' specifically highlighting the upcoming Sonic upgrade as a major driver of interest.