Sonic Coin, formerly known as Fantom, continues its evolution and attracted significant investments in a recent token sale. The company secured support from Galaxy to solidify its market position.
Sonic Coin Developments
Sonic Coin, previously known as Fantom, has rebranded and continues to develop its DeFi projects. Recently, the company conducted a strategic token sale, raising $10 million from May 6th to May 8th under the management of Galaxy. This step mirrors the equity distributions given to early-stage investors. Sonic Coin utilized these funds to strengthen its presence in the DeFi ecosystem in the U.S.
S Coin Price Forecasts
Trading at $0.61, S Coin has shown a 5% increase. It is noteworthy that former U.S. President Donald Trump is set to unveil new decisions aimed at reducing drug prices, which could further support a decline in inflation. The S Coin reached a crucial level at $0.6, and experts predict it may retest the $0.669 level while also setting its sights on higher thresholds.
Macroeconomic Factors
As the article was being prepared, Fed official Kugler commented on ongoing progress in the battle against inflation, emphasizing that maintaining restrictive interest rates helps the Fed counteract macroeconomic shifts. Optimism in the altcoin market continues to rise, buoyed by positive developments in U.S.-China relations.
Sonic Coin is actively shaping its market presence by attracting significant investments and adjusting to changes in the macroeconomic landscape. The rising interest in S Coin and its forecasted levels will be closely monitored by investors.
