Key Takeaways
The old Fantom blockchain has been rebranded as Sonic, with the FTM coin now called S.
On Jan. 14, 2025, S was worth about $0.694.
But what is Sonic (S)? How does Sonic work? Let’s see what we can find out and also look at some of the Sonic price predictions being made as of Jan. 14 2025.
For clarity’s sake, we will use prices related to the old FTM coin when discussing Sonic before 2025.
Let’s look at the Sonic predictions made by CCN on Jan. 14. We will use the wave count method to create the projections, adding and removing 20% to create the minimum and maximum targets.
Minimum S Price Prediction | Average S Price Prediction | Maximum S Price Prediction | |
---|---|---|---|
2025 | $0.33 | $0.38 | $0.45 |
2026 | $0.011 | $0.014 | $0.017 |
2030 | $2.85 | $3.55 | $4.25 |
The most likely wave count suggests that the Sonic trend is bearish. According to the court, the price has completed a complex W-X-Y-X-Z correction structure leading up to the $1.47 high in December.
Afterward, the price fell, following a fractal of the decline after the all-time high. If the fractal is followed, the Sonic price will reach $0.380 and $0.014 by the end of 2025 and 2026, respectively.
Then, we will use the rate of increase for the past two years to create the Sonic price prediction for the end of 2030.
Sonic has increased by 170% since January 2023 for a daily rate of 0.20%. Projecting this increase until the end of 2030 leads to a SONIC target of $3.55.
The wave count method gives a Sonic price prediction range between $0.330 to $0.450 for the end of 2025.
The wave count method gives a Sonic price prediction range between $0.011 to $0.017 for the end of 2025.
Using the daily rate of increase for the past two years, we can calculate a SONIC target of $3.55 by the end of 2030.
Sonic’s price has fallen since its 2024 high of $1.46 on Dec. 15. Most of the downward movement is contained inside a descending wedge. The wedge is considered a bullish pattern, meaning that it usually leads to breakouts.
To reiterate this bullish sentiment, both the Relative Strength Index (RSI) and Moving Average Convergence/Divergence (MACD) have generated bullish divergences (green). Such divergences often lead to upward movements and could catalyze a breakout from the wedge.
If that happens, Sonic’s price can increase by over 50%, and the next resistance will be $1.10.
The Sonic price analysis for the next 24 hours is bullish. The price will likely break out from the wedge and reach the $1.10 resistance area.
The Average True Range (ATR) measures market volatility by averaging the largest of three values: the current high minus the current low, the absolute value of the current high minus the previous close, and the absolute value of the current low minus the previous close over a period, typically 14 days.
A rising ATR indicates increasing volatility, while a falling ATR indicates decreasing volatility. Since ATR values can be higher for higher-priced assets, normalize ATR by dividing it by the asset price to compare volatility across different price levels. On Jan. 14, 2025, Sonic’s ATR was 0.1052, suggesting high volatility.
The Relative Strength Index (RSI) is a momentum indicator traders use to determine whether an asset is overbought or oversold. Movements above 70 and below 30 show over and undervaluation, respectively.
Movements above and below the 50 line also indicate if the trend is bullish or bearish.
On Jan. 14, 2025, the Sonic RSI was at 40, indicating bearish but not yet oversold conditions.
The CCN Strength Index combines an array of advanced market signals to measure the strength of individual cryptocurrencies over the last 30 days.
Every day, it assigns a strength score, ranging from 0 to 100, to the top 500 assets by market capitalization on CoinMarketCap, focusing on both trend direction and the intensity of price movements.
The index dynamically adapts to rapid changes. For example, an asset experiencing a 100% increase within a short timeframe would see a sharp jump in its score to reflect the intensity of the rise.
However, should that asset stabilize at this new price level, the score will gradually taper down and align with the dampened momentum as the movement normalizes. The same principle applies to rapid declines: a sudden drop will spike the score downward, but as volatility decreases, the score will slowly adjust back up.
On Jan. 14, 2025, Sonic scored 41.8 on the CCN Index, suggesting moderate momentum.
Let’s examine some key dates in the Sonic and the Fantom price history . Past performance should never be taken as a guide to future results.
Time period | Sonic/Fantom price |
---|---|
Last week (Jan. 7 2025) | $0.8503 |
Last month (Dec. 14, 2024) | $1.32 |
Three months ago (Oct. 14, 2024) | $0.743 |
One year ago (Jan. 14, 2024) | $0.4031 |
Five years ago (Jan. 14, 2020) | $0.009966 |
Launch price (Oct. 31, 2018) | $0.02158 |
All-time high (October 26, 2021) | $3.48 |
All-time low (March 13, 2020) | $0.001953 |
The market capitalization, or market cap, is the sum of the total number of S in circulation multiplied by its price.
On Jan. 14, 2025, Sonic’s market cap was about $1.99 billion, making it the 57th-largest crypto by that metric.
Supply and distribution | Figures |
---|---|
Total supply | 3,175,000,000 |
Circulating supply (as of Jan. 14, 2025) | 2,880,000,000 (90.7% of total supply) |
In its technical documentation or whitepaper , Sonic – then called Fantom – says it is designed to be a faster, more efficient form of blockchain. It aims to achieve this by using a form of Proof-of-Stake called Lachesis.
It says: “Built on our novel Lachesis protocol, Fantom’s Opera platform is a public, leaderless, asynchronous BFT blockchain, with guaranteed deterministic finality.”
Sonic, formerly known as Fantom, is designed to serve as a system where people can create their own decentralized applications (DApps).
The system claims to be faster. It allows individual computers, or nodes, on the network to verify transactions rather than having them all clustered together.
Sonic crypto, known as the ticker handle S, supports the Sonic blockchain.
Sonic uses a program called Lachesis, which helps its nodes operate. The code reduces the system’s overall size, which, in turn, makes it quicker, at least in theory.
The overall system uses a Proof-of-Stake (PoS) consensus mechanism, meaning people are selected to add blocks to the blockchain-based on how much S they hold.
The S coin allows holders to vote on network changes and pay node operators. It can also be bought, sold, and traded on exchanges.
It is hard to say. It is worth pointing out that, despite its rebrand, Sonic/Fantom has been around for quite a long time now and has failed to use its undoubtedly interesting technology to become one of the bigger players.
A lot will depend on how the migration to Sonic goes and whether investors and traders can accept the rebrand.
As always with crypto, you should do your own research before deciding whether or not to invest in Sonic.
No one can really tell right now. While the Sonic crypto price predictions are largely positive, price predictions have a well-earned reputation for being wrong. Keep in mind that prices can and do go down and up.
Before deciding whether to invest in Sonic, you must research S and other related coins and tokens such as Cardano (ADA) or EOS. Either way, you must also ensure you never invest more money than you can afford to lose.
Technical analysis by Valdrin Tahiri.
According to price predictions based on technical analysis, S won’t reach double figures until the 2030s at the very earliest.
Keep in mind that the crypto’s best-ever price is $3.48, which it reached in late October 2021.
S rewards people who operate the computers, or nodes, that help run the Sonic blockchain. People can buy, sell, and trade it on exchanges.