Fantom's FTM cryptocurrency has experienced significant gains, becoming the top gainer among the top 100 cryptocurrencies by market cap. The rise is attributed to the anticipation surrounding the launch of its Sonic mainnet and increased investment from whales. FTM reached an eight-month high of $1.13, with a market cap of over $3 billion. The altcoin has been rising for five consecutive days, but is still down from its all-time high in October. The upcoming Sonic mainnet launch aims to enhance Fantom's position in the DeFi industry. Additionally, collaborations and increased demand have contributed to the rally. Whales have also increased their buying activity, with a surge of over 1235% in netflow. Analysts expect the rally to continue if FTM surpasses the critical resistance level of $1.13.



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