Fantom (FTM) Soars 14% on Anticipation of Faster Sonic Upgrade While Top Cryptos Falter

Fantom (FTM) token has surged 14% in last 24 hours, outperforming top cryptos like Bitcoin and Ethereum which are struggling
Fantom's price spike is likely driven by anticipation of upcoming Sonic network upgrade, which aims to boost transaction speeds from 3 TPS to 2,000 TPS
New Fantom Virtual Machine will enable easy migration of apps from Ethereum, potentially attracting more developers
FTM token has been on a bull run since late January with no signs of correction, unlike most other major cryptos
FTM is currently testing resistance around $1 - $1.10 price level after rapid multi-week price growth