The price of Sonic (S) experienced a significant rally of 12.5% while the broader crypto market was in a downturn. This surge in price was driven by reports that Binance has become a validator for the Sonic network, sparking speculation about the launch of staking for S on the platform. Additionally, Sonic partnered with Fjord Foundry, a decentralized fundraising launchpad, which will enhance the utility and adoption of S. Sonic's growing prominence in the decentralized finance (DeFi) industry has also contributed to its positive momentum, with nearly 80 developers and $724 million in total value locked in Sonic-based dApps. Multiple technical indicators also suggest bullish signals for Sonic's price, with analysts predicting targets of $1.475 and $2.



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