TL;DR Sonic Labs launches its native S token, replacing the FTM token on a 1:1 basis, with listings on 13 major exchanges. The transition from FTM to S is designed to be seamless, with 90 days for unrestricted exchanges.

Fantom's surging activity raises hopes for a rebound as technical indicators flash mixed signals.

Here's a quick rundown of how some of your favorite assets wrapped up the week.

Fantom (FTM), a popular altcoin in the crypto space, is currently at a pivotal juncture, with its price consolidating near a key support level of $0.88. This price point is critical due to the presence of a $961K liquidation pool, making it a zone to watch closely.

The crypto markets are heading towards the end of the yearly trade that has been historically bullish, even in times of a bear market. Meanwhile, the current trend suggests the buyers have been facing extreme exhaustion at the moment, which suggests the yearly close may not be as bullish as expected.

FTM's $0.88 price level could test investor confidence amid liquidation risks.

Bitcoin (BTC) didn't bring much holiday cheer to investors as it remained under $100,000. BTC has been marginally down over the last 24 hours and is trading at around $98,100.

Sonic Labs announced on Dec. 25 that its official Sonic Gateway can now bridge FTM tokens from Ethereum to S tokens on the Sonic mainnet. The gateway will also allow the transfer of Euro Coin (EURC), USD Coin (USDC), and Wrapped Ethereum (WETH).

Newly launched Fantom spinoff Sonic Chain has finally released its Ethereum bridge dubbed the amid its sustained expansion drive. Announced on its X page, the protocol said the new gateway can help user bridge assets like USDC, EURC, WETH, and FTM from Ethereum to Sonic.

Fantom is set to rebrand as Sonic (S) in early January 2025.

The delisting of Fantom and the formal introduction of Sonic tokens with a 1:1 token swap ratio in 2025 are both announced by Binance.

Fantom shows promising momentum as bullish metrics fuel its potential market breakout.

Fantom (FTM) price is down over 12% in the last 24 hours as the network transitions to its new token, Sonic. This sharp decline has intensified FTM's ongoing downtrend, with technical indicators like the ADX highlighting strengthening bearish momentum.

Fantom, now rebranded as Sonic Labs, has finally launched the Sonic Protocol, a high-throughput, EVM-compatible layer-1 blockchain platform, on the mainnet. This launch is designed to offer developers attractive incentives and powerful infrastructure to build functional Decentralized Applications (DApps).

A crypto analyst on TradingView, known as ‘Tradecitypro,' has published a detailed Fantom (FTM) report, breaking down the cryptocurrency's price action across the daily and 4-hour timeframe. After accurately predicting Fantom‘s surge above $1, the analyst highlights key price levels, market trends, potential price movements, and bullish technical indicators for FTM's next parabolic trend.

Fantom (FTM) is showing promising signs of recovery as it gears up for a major upgrade. The cryptocurrency recently surged by 16% on December 15 in anticipation of its rebranding and the rollout of the Sonic mainnet.

Bitcoin (BTC) surged past $107,000, reaching a new all-time high of $107,780 after President-elect Donald Trump reiterated his plans to create a US Bitcoin strategic reserve similar to the country's strategic oil reserves. BTC is up 2.42% over the past 24 hours and 10% over the past week as its post-election rally continues.

Whales accumulated 24M FTM tokens ahead of the Sonic upgrade.

The markets began the weekly trade on a bullish note after the price of Bitcoin recorded a new ATH above $106.6K. This triggered a massive upswing in some altcoins, while others chose to trade within a narrow range.

The cryptocurrency market witnessed a significant upswing on December 16, with Bitcoin (BTC) hovering around $105K at press time. Earlier, BTC reached an all-time high of $106,400. The broader market followed suit, as major altcoins, including Ethereum (ETH), XRP, and Solana (SOL), recorded steady gains.

Today, the crypto prices reflect bullish momentum as Bitcoin (BTC) touched a historic all-time high of $106K. Major altcoins like Ethereum (ETH), XRP, and Solana (SOL) also witnessed gains over the last 24 hours.

Fantom (FTM) aims for $1.40 as bullish patterns and metrics fuel its momentum.

Amid the ongoing crypto volatility, the altcoin market has gained significant traction over the past few days. Notably, top altcoins such as Fantom have surged ~80% over the 30 days, indicating a strong bullish outlook.

Crypto whales are once again making bold moves in the altcoin market, showing possible changes in their investment strategies. According to Spotonchain, a blockchain analytical platform reported that it appears that these whales' strategies have changed from what they accumulated in previous weeks.

Bitcoin (BTC) reported another plunge below $95,000 late on Tuesday, falling to a low of $94,435 before recovering and climbing back above $97,000. The cryptocurrency is up marginally over the past 24 hours, trading around the $97,500 mark.

Bitcoin's consolidation in the $100,000 range is giving traders an opportunity to take a closer look at DOGE, SUI, PEPE and FTM.

The Open Interest of FTM moved higher, arm in arm with the price.

Fantom (FTM) has been experiencing a significant price surge recently, marking a notable recovery from its recent low of $0.64. After breaking through key resistance levels, FTM's price has soared by 85%, positioning itself for a potential move towards $1.68.

FTM is showing strong signs of a potential breakout, with both technical indicators and market sentiment pointing toward a bullish trajectory.

FTM's price surged significantly, breaking above a key weekly support level on the charts.

Fantom (FTM) is drawing significant attention as one of the day's top gainers, with its value surging 133.04% over the past 30 days. This impressive growth is supported by a strengthening trend, as indicated by the ADX climbing sharply to 35.6, signaling strong momentum behind the uptrend.

Bitcoin (BTC) continued to trade in a range, oscillating between $94,000 and $98,000, maintaining its price over the past ten days, even though other prominent cryptocurrencies registered substantial gains.

Fantom (FTM) price performance is in the spotlight as Sonic Labs just scored a major launch milestone. The startup announced earlier on Monday that it has achieved the Genesis Block for its next-generation smart contract chain.

A recent technical analysis on TradingView has drawn attention to the Fantom price, with a projected 18,000% increase to reach $150 by 2025. Ultra-bullish predictions are common in the crypto market, but this one is exceptionally optimistic for Fantom.

Historically, December has been a strong month for the crypto market, and December 2024 could follow that trend, particularly for altcoins. BeInCrypto has identified key altcoins to watch as the year comes to a close.

A widely followed crypto analyst thinks one Solana (SOL) challenger is gearing up for more rounds of upside bursts. Pseudonymous analyst Altcoin Sherpa tells his 232,200 followers on the social media platform X that Sei (SEI) looks bullish after breaking out of a rounding bottom pattern on the weekly chart.

Whales consistently play a significant role in shaping crypto market prices, making it worthwhile to track their buying activity for potential gains.

Fantom (FTM), one of the standout performers in the cryptocurrency market, has surged an impressive 60% over the past week, propelling its market capitalization above the $3 billion mark. This surge has caught the attention of traders and analysts alike, as the altcoin's rally has outpaced some of the biggest names in the market, including Ethereum (ETH), Solana (SOL), and Avalanche (AVAX).

Fantom (FTM) has been on a remarkable rally this week, with its price climbing by 8%, following an impressive 43% surge just the week before. As Bitcoin (BTC) begins to recover from recent dips, many altcoins, including Fantom, are experiencing significant upward momentum.

As Bitcoin ($BTC) stalls at the $100,000 crossroads, certain altcoins are at the brink of breakouts. $BNB, $NEAR, and $FTM are at this juncture.

Fantom is a highly scalable blockchain platform for DeFi, crypto dApps, and enterprise applications. Sonic Mainnet Launch Fantom is set to launch its Sonic mainnet in December 2024, marking a major upgrade to improve the networks performance.

Fantom crypto (FTM) surges 60%, leaving competitors behind. But will its rally last?

Fantom price has been on a roll with 60% gains on the weekly chart. Smart contract platform Fantom's native cryptocurrency FTM gained another 10.69% in the last 24 hours, shooting past an important milestone of $1.

Fantom's FTM emerged as the leading gainer among the top 100 cryptocurrencies by market cap amid community hype regarding the launch of its Sonic mainnet and a significant rise in whale investment.

The cryptocurrency market faces an absolute bloodbath, with Bitcoin (BTC) sliding toward the $90,000 mark as the ongoing price correction deepens amid rising liquidations and profit-taking.

In this article, we look at the latest news of the Thena, Fantom, and Helium projects, and then move on to the chart analysis of the respective crypto.

The crypto market today has been showing mixed signals, with a significant decline in the prices of numerous cryptocurrencies. The global crypto market cap is presently down by 1.89% in the past 24 hours, taking the numbers to $3.19 trillion.