Fantom (FTM) Price Surge

Fantom (FTM) price has risen 25% in seven days, reaching $0.51 on Sept. 16. This is part of a rebound that began on Aug. 6 and has seen the price rise more than 40% over the last 30 days, outperforming Bitcoin and Ethereum.

Bullish Trading Pattern

Fantom price is flashing a classic bullish trading pattern, which could extend its month-long double-digit rally. This performance has seen FTM become one of the biggest gainers among the top 100 cryptocurrencies by market cap over a one-month period.

Upcoming Sonic Upgrade

The most notable development on Fantom is the Sonic upgrade, expected to launch in November or December 2024. This upgrade will significantly enhance the network's performance, increasing transaction processing speed to over 2,000 TPS with a finality time of roughly one second.

Source: https://cointelegraph.com/news/fantom-ftm-price-surges-40-in-a-month-what-s-behind-the-momentum

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