- Contrary to other tokens, FTM has maintained a steady upward trend, notably differentiating itself in the cryptocurrency market.
- Future projections place FTM’s value at $10 by 2030 and $25 by 2040, reflecting solid growth potential.
FTM has seen a 13.7% increase in the last 24 hours. This phenomenon is not recent; the token has seen a 55.6% increase in value in the last week, demonstrating a steady upward trend.
Anticipation for Fantom’s upcoming network upgrade, known as Sonic, which is scheduled to move from testnet to mainnet in the spring of 2024, could be driving interest in FTM. This upgrade is expected to significantly improve transaction processing speed.
From a technical standpoint, FTM has been on an uptrend since late January, differentiating itself from other tokens such as Bitcoin and Ethereum, which have experienced corrections throughout the year. Currently, FTM is testing a resistance zone between $1 and $1.10, which has previously acted as support on several occasions.
Longer term, FTM’s price is projected to reach $10 by 2030 and increase to $25 by 2040. These projections are based on the potential impact of the Sonic upgrade and FTM’ s recent positive trajectory, which has outperformed the gains of market leaders such as Bitcoin and Ethereum.
The Sonic upgrade not only promises to increase network capacity, but also introduces significant improvements in the execution of smart contracts through the Fantom Virtual Machine.
Fantom Sonic is the new iteration of the @FantomFDN technology stack, ushering in major upgrades and scalability improvements without requiring a disruptive hard fork.
Let's dive in 🧵 pic.twitter.com/Xp6W9BhiiN
— QuickNode (@QuickNode) March 18, 2024
This support will make it easier for Ethereum-based decentralized applications to migrate to Fantom, powering applications in areas such as decentralized finance and blockchain-based gaming.
