Fantom (FTM) has been making waves in the crypto ocean lately, surging with anticipation of its Sonic mainnet launch. In late November 2024, FTM’s price soared by over 21%, making it the biggest gainer among the top 100 cryptocurrencies.

However, crypto seas are known for their unpredictability. In mid-December,#FTMhit a yearly high of $1.47, only to fall 8% soon after. Analysts suggest that this drop could be a natural correction, with key support levels to watch at $1.24 and $1.09.

In a significant development, Binance announced its support for the rebranding and swapping of Fantom (FTM) tokens to Sonic tokens, with a 1:1 swap ratio planned for 2025.

So far, FTM is trading at roughly $0.98, reflecting the dynamic nature of the market.

In the ever-evolving world of cryptocurrencies, it is essential to stay informed and approach investments with caution. As the Sonic mainnet launch approaches, all eyes will be on Fantom to see if it can hit the high notes or if the market will play a different tune.

$FTM