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The CEO of the Fantom Foundation has unveiled the Sonic Foundation, which will oversee the creation and launch of Fantom's new Sonic Chain.

Fantom (FTM), a Directed Acyclic Graph (DAG) protocol has teased the broader community two key updates bordering on its Sonic Network. Fantom Floats Sonic Token, Labs and Foundation As the parent protocol revealed through the Fantom Foundation, it said is launching the duo of Sonic Labs and Sonic Foundation.

TL;DR Fantom Foundation announces the launch of Sonic, a new blockchain with innovative features. The launch of Sonic includes the creation of the Sonic Foundation and Sonic Labs to manage the governance and growth of the ecosystem. A $10 million strategic financing round led by Hashed, with backing from other prominent investors, has closed.

Alongside the new entities, Fantom raised $10 million in a funding round that will go towards Sonic's ecosystem development.

The Fantom Foundation is launching the Sonic Foundation and Sonic Labs alongside its upcoming blockchain.

Fantom's (FTM) price fell through the crucial support of the 61.8% Fibonacci Retracement, which left the altcoin vulnerable to further losses.

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A closely followed crypto strategist says he's bullish on one Ethereum (ETH) competitor that surged by as much as 43% last week. Pseudonymous trader Altcoin Sherpa tells his 216,300 followers on the social media platform X that Fantom (FTM) will see more rallies in the coming months.

This week, market experts spotlight Solana (SOL), Fantom (FTM), and Chainlink (LINK) as top altcoins to watch, highlighting their unique strengths and recent performance amid unusual market patterns. Solana Overcomes Network Issues, Outperforms Bitcoin and Ethereum with 17.32% Weekly Increase Despite grappling with network congestion earlier this year, Solana has showcased its resilience.

This pioneering effort was spearheaded by Andre Cronje. He meticulously applied advanced concepts like Concurrent Common Knowledge (CCK) and Lamport Timestamps.

The majority of market analysts placed focus on Bitcoin in the past week on spot BTC ETF disclosure trend, however, tokens like Solana (SOL), Fantom (FTM), and Chainlink (LINK) stood out. This article explores the current price outlook and why these altcoins are worth placing on watchlists in the coming week.

Bitcoin is hogging all the limelight, but SOL, AR, GRT and FTM are also trying to move higher.

Top cryptocurrencies demonstrated a robust recovery last week. The global market cap surged by 7% to reach $2.41 trillion.

Fantom price has been such a joy to watch for investors in recent days, as a much-needed breath of fresh air continues to spread throughout the crypto market. Bitcoin and other large-cap assets seem to be recovering well after a period of sluggish and frustrating price action.

Those who hold the FTM will need Ethereum to migrate to S, a ticker coined for the Sonic upgrade.

Fantom ($FTM) is today's biggest gainer among the top 100 coins. This comes after the week's positive flip for Bitcoin, which followed the CPI report and spot Bitcoin ETFs news, also saw leading altcoins pick slight gains.

In the latest development, the Fantom Foundation has revealed additional details of its new Layer-1 blockchain Sonic Network, which connects to Ethereum via a Layer-2 bridge. This will allow Sonic to tap into a large number of users, liquidity, and other protocols.

The cryptocurrency market is no stranger to volatility, but when a project undergoes a significant technological upgrade, it can lead to notable gains. Such is the case with Fantom (FTM), the native token of the Fantom blockchain, which has recently experienced a remarkable surge in value.

Ethereum (ETH) rival Fantom (FTM) has outpaced the broader crypto market and surged in price this week amid a new upgrade. FTM is trading around $0.801 at time of writing. The 55th-ranked crypto asset by market cap is up nearly 5.5% in the past 24 hours and more than 15% in the past week.

"CoinDesk Daily" host Jennifer Sanasie breaks down the biggest headlines impacting the crypto industry today, as Fantom blockchain's FTM token rose 13% in the past week, outperforming the broad market CoinDesk 20 Index. Plus, Hong Kong is expanding the cross-border digital yuan pilot.

TL;DR Fantom's Sonic upgrade drives a notable increase in the performance of the FTM token, reflecting the success of the platform's strategic initiatives. FTM rose by 10.20% over the last seven days, reaching $0.8082, an appreciation of 20 cents compared to the previous week.

The recent strong performance being demonstrated by FTM token is an indicator that Fantom's strategic initiatives may be beginning to bear fruit.

Fantom is running “insanely fast” after a recent update, as noted by users. The blockchain's main goal is to move at the speed of the Internet for the fastest decentralized apps.

Fantom's (FTM) price has gained tremendously over the last few days, but the altcoin is now considering a potential correction.