Sonic (S), formerly known as Phantom (FTM), is currently experiencing significant growth in the market. This notable growth has pushed Sonic’s price to a level that could help it surpass the $1 mark. After the expected update, S token’s price showed a remarkable uptrend, reaching $0.8 twice. On January 13, Phantom officially rebranded to Sonic, converting FTM tokens to S tokens at a 1:1 ratio. During this transition, Sonic’s digital currency reached $0.84 and then retraced to the support level of $0.5. In the past month, the price of S fluctuated between $0.4 and $0.6 and broke out of this range early this week. According to data, Sonic’s Total Value Locked (TVL) increased from $405.39 million to $635.31 million in the past seven days. Sonic has high processing power, leading analysts to believe it could be a competitor to Solana in the coming years. Currently, Sonic is trading at $0.91, showing a 48% increase in the past month. On the real-time digital currency price page, you can view the prices of all tokens and cryptocurrencies live and moment by moment.
