FTM Price Surges on Anticipation of Sonic Upgrade

Fantom (FTM) has experienced a remarkable price surge of 40% over the past month, outperforming major cryptocurrencies. 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, resulting in a whopping 103% increase.

The upcoming Sonic upgrade is the primary driver behind this surge, as it will supercharge Fantom's network performance. The upgrade introduces a new Fantom Virtual Machine, an optimized consensus mechanism, and improved storage.