FTM to Sonic Price Prediction After Upgrade [All Possible Scenarios]

FTM is being rebranded and renamed to Sonic, and crypto enthusiasts are now wondering how this change and promised upgrades will impact the token’s price. So, let’s review the event and FTM to Sonic price prediction to see how the token may perform in the coming months.

What Is the FTM Sonic Upgrade?

The Fantom Sonic upgrade transitions the Fantom blockchain to a new, more efficient network called Sonic. It will change the Fantom network to a next-generation blockchain that handles over 10,000 transactions per second (TPS) with sub-second transaction finality. The upgrade will also reduce storage needs by up to 90%.

The main aspects of this upgrade include:

• Increasing scalability to provide faster transactions.
• Improving interoperability to transition FTM tokens to Sonic tokens seamlessly. FTM holders can exchange their tokens 1:1 for Sonic tokens (S), meaning 1 FTM = 1 S.
• The Sonic network introduces new governance capabilities using the S token.

The upgrade assures that the Fantom Opera network stays functional while allowing users to migrate to Sonic gradually.

When Is Fantom Sonic Upgrade Happening?

The Fantom Sonic upgrade was scheduled for late 2024, around December. By early 2025, the migration process should be fully operational, allowing users to exchange FTM for Sonic (S) tokens using a dedicated web interface.

The Upgrade’s Impact on FTM’s Price

Although renaming a project can generally generate hype and attention, causing a price increase in the short term, the project’s performance and adoption determine its long-term growth.

 The price of FTM currently fluctuates between $0.8 and $1. FTM to Sonic price prediction can include three main scenarios:

• Bullish Scenario: If Sonic can gain community support and investor attention after the transition, its price can rise to $2.5–$5 within 6–12 months.
• Average Scenario: If Sonic doesn’t gain major attention, its price may revolve around $1–$2.
• Bearish Scenario: If Sonic faces delays, technical issues, or low adoption, its price can fall to $0.20–$0.35.

The Impact on Sonic’s Price

Sonic (S) is the main token of the upgraded Fantom network. Its price performance can follow three scenarios:

• In the Best-Case Scenario, the price of the S token can start at $0.50 and rise to $1.00 within months of launch.
• If the token follows a constant growth, it may reach $0.40–$0.60.
• In the worst-case scenario, if things don’t go as planned, Sonic’s trading price could fall to $0.20–$0.30.

Summary

FTM to Sonic price prediction shows that the Fantom Sonic upgrade can be a significant milestone for the Fantom ecosystem, which may lead to technical and economic growth.

While the exact impact on prices depends on the adoption of the token and the project’s performance, FTM and Sonic tokens seem to have long-term value for investors.

Although it seems like a worthy transition, it is wise to monitor market changes closely, study patterns, set realistic strategies, and consult crypto experts to make informed investment decisions.