Binance Supports Sonic, Boosting Its Market Performance
- Binance announced support for Sonic (S), previously known as Fantom (FTM).
- Sonic will be available on Binance Simple Earn, ‘Buy Crypto,’ Binance Convert, Margin, Auto-Invest, and Futures.
- The price of Sonic increased from $0.68 to $0.835 between January 13th and January 15th, a rise of approximately 28%.
- Sonic was rebranded from Fantom to improve transaction efficiency.
- Investors can exchange FTM tokens for S tokens at a 1:1 rate within the Sonic ecosystem.
The addition of Sonic to various Binance programs resulted in a significant price increase, with the asset reaching a peak of $0.835 before settling at $0.789.
