Fantom Soars as Sonic Upgrade Looms

Fantom (FTM) has experienced an impressive price surge of 40% over the past month, reaching $0.51 on September 16.

This significant rebound comes after a drop in August and marks a striking contrast to major cryptocurrencies like Bitcoin, which fell by 4%, and Ethereum, which dropped by 12.6%.

Data shows FTM climbed from $0.26 on August 5 to an intraday high of $0.53 on September 16, representing a whopping 103% increase.

Crypto trader 'Mister Crypto' attributes this growth to 'a lot of development behind the scenes,' specifically highlighting the upcoming Sonic upgrade.

The Sonic upgrade aims to supercharge Fantom's network performance by introducing a new Fantom Virtual Machine, optimized consensus mechanism, and improved storage.