Fantom Price Surges 40%: Sonic Upgrade to Supercharge Network Performance

Fantom (FTM) has been on fire, surging 40% in price over the past month. Its value 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, a whopping 103% increase.

This performance is striking when compared to major cryptocurrencies: Bitcoin dropped 4% in the same period, while Ethereum fell by 12.6%. The total crypto market cap shrank by 2.5% to $2.02 trillion.

FTM's rally has made it one of the top gainers among the top 100 cryptocurrencies by market cap. According to crypto trader 'Mister Crypto', the upcoming Sonic upgrade is behind FTM's surge, citing 'a lot of development behind the scenes'.