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Fantom (FTM) price surges by over 28% in the past days-What’s the reason?

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An impressive 26% price gain in the last week made Fantom (FTM) one of the greatest performers in the crypto market.

In recent days, Fantom (FTM) pricing has been a delight for investors as a breath of fresh air returns to the crypto market. Big-cap assets like Bitcoin are rebounding after a period of slow and unpleasant price activity.

An impressive 26% price gain in the last week made Fantom one of the greatest performers in the crypto market. The Layer 1 token has risen 15% in the previous day.

The long-awaited Sonic update has helped the Fantom price recover in recent months. Sonic should boost Fantom’s technological stack and scalability without a hard fork.

Recent Fantom Foundation announcements include the layer-1 chain Sonic Network. The new blockchain network will employ a native layer-2 bridge to access massive quantities of liquidity, users, and protocols from “Ethereum and beyond,” according to the blog post.

The Sonic Network and a new cryptocurrency with the ticker S are set to launch. In the recent communication, the project announced that FTM token holders may move Sonic’s token 1:1 if a governance vote is successful.

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