Fantom (FTM) Rallies 64% Ahead of Sonic Upgrade, New Contender IntelMarkets (INTL) Steals the Spotlight From Dogecoin (DOGE) Whales

The Fantom community is buzzing with anticipation for the upcoming Sonic upgrade, which many analysts predict could catapult FTM's price to a staggering $5.

Fantom (FTM) has been rallying strongly for the past few days. In the last week, the price of Fantom (FTM) has soared by 64%. The current trading price of Fantom (FTM) is $1.08.

The high anticipation around Fantom’s (FTM) upcoming Sonic upgrade has boosted the network. As per data from Santiment, the daily active addresses on Fantom (FTM) have hit an 18-month high.

Several analysts have predicted that Fantom (FTM) can reach $5 after the launch of the Sonic Upgrade, which is slated for December 2024. The upgrade will enable Fantom (FTM) to process more than 2,000 transactions per second (TPS), which is currently 30.

Meanwhile, Dogecoin (DOGE) has made a record in network activity, with over 60 billion DOGE tokens transferred by whales in 24 hours. The data from IntoTheBlock indicates a 41% surge in the volume of large Dogecoin (DOGE) transactions.

Due to these large-scale DOGE transactions, Dogecoin has overtaken luxury carmaker, Porsche, in market capitalization. The potential launch of an exchange-traded product (ETP) for Dogecoin has made DOGE more bullish.

On the monthly price chart, Dogecoin (DOGE) has soared by 148%. At present, a DOGE token is trading at $0.4118.

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