Discover the reasons behind the declining FTM token price despite the activation of the Sonic Chain bridge with Ethereum.
Sonic Chain, a new branch of Phantom (FTM), has recently launched its bridge with Ethereum. Despite its high security confirmed by reputable security companies, the FTM token price has been decreasing. The bridge allows easy transfer of assets like USDC, EURC, WETH, and FTM to Sonic. Developers plan to introduce new decentralized applications (DApps) to increase protocol adoption and improve FTM token liquidity and price.
