Sonic, formerly known as Fantom, is a high-speed Layer-1 blockchain that launched a new mainnet in 2024. The blockchain has already attracted investor attention and analyst interest due to significant price volatility and unique features.
Recent Developments
Sonic has seen significant capital inflows, achieving over $1.3 billion in net inflows since the start of 2025. A key step was the addition of Sonic tokens to the Coinbase platform, which improved accessibility and increased institutional investor interest.
By April-May 2025, Sonic's TVL hit $1 billion for the first time. Engagement with projects like Circle boosted liquidity and ecosystem growth. The upcoming Sonic Summit 2025 in September in Singapore is expected to be a significant milestone for showcasing new partnerships and ecosystem achievements.
Technical Analysis
The current price of Sonic tokens oscillates between $0.40 and $0.70 after peaking at $1.03 in January 2025. Analysis shows that selling pressure is easing, and the support level at $0.40 remains stable. Moving averages and indicators signal neutral trends, and breaking above $0.60 on high volume will be necessary for a bullish trend.
Factors Influencing Sonic's Price
Several factors influence the price of Sonic, including its incentive model for developers and the number of projects building on the platform. Over 150 projects are already being developed using Sonic, contributing to market growth. Additionally, regulatory attention and institutional support can significantly impact market sentiment and, consequently, token prices. Price forecasts vary from $0.20 to $1+ depending on the overall state of the crypto market and Sonic's adoption by developers.
Price predictions for Sonic for 2025-2026 remain uncertain. If Sonic can solidify its market position and attract new developers and investors, the likelihood of price recovery to or above $1 by the end of 2025 increases.
