Altcoin Surpasses Meme Coins with Upcoming Update: 3x Increase in One Month!

Layer 1 (L1) blockchain platform has outperformed meme coins in recent times. One of the prominent projects in the crypto market, Fantom (FTM), has attracted attention with its recent surge. Among the main reasons for the increase are the growing expectations for the upcoming Sonic update on the Fantom mainnet. Successfully run on the test network, Sonic will enhance the network’s transaction speed and significantly reduce transaction costs. Fueled by these expectations, FTM has experienced a ~200% surge in the past month, making it one of the best-performing projects in the crypto market outside of meme coins. The Sonic update was deployed on the testnet last October. It is expected to be integrated into the mainnet this spring. According to CoinGecko data, FTM has seen a 198% surge in the last month, climbing from $0.40 to $1.19. Thanks to this surge, FTM reached its highest level since April 2022.