Sonic (prev. FTM) ($S) Crypto Forecast: Up 13.3% Today

What is Sonic (prev. FTM)?

Cryptocurrency token S Market Cryptocurrency token S is a digital asset known for its innovative technology and strong community support. The overall cryptocurrency market has been experiencing heightened volatility recently, with regulatory developments and institutional adoption playing key roles in shaping market sentiment.

Why is Sonic (prev. FTM) going up?

S crypto is up 13.3% on Mar 24, 2025 5:55

• Entry of a major financial player into tokenization race with a blockchain-based U.S. Treasury fund could have boosted confidence in token S, indicating increasing acceptance of blockchain technology.
• Rejection of enforcement by the Acting SEC Chair, along with demands for clear crypto rules, may have brought clarity and regulatory certainty for token S, attracting more investors.
• Mention of NFTs potentially avoiding SEC securities regulations could have had a positive impact on the cryptocurrency market as a whole, including token S.
• U.S. lawmakers considering new rules with a stablecoin bill might have brought a sense of stability and legitimacy to the cryptocurrency space, benefiting tokens like S.

S Price Chart

S Technical Analysis

S News

Fidelity Joins Tokenization Race with Blockchain-Based U.S. Treasury Fund

Fidelity Joins Tokenization Race with Blockchain-Based U.S. Treasury Fund

https://coinpedia.org/news/fidelity-joins-tokenization-race-with-blockchain-based-u-s-treasury-fund/

Acting SEC Chair Rejects Enforcement—Demands Real Crypto Rules

Acting SEC Chair Rejects Enforcement—Demands Real Crypto Rules

https://news.bitcoin.com/acting-sec-chair-rejects-enforcement-demands-real-crypto-rules/

Crypto News: NFTs May Escape SEC Securities Regulations, Commissioner Peirce Weighs In

Crypto News: NFTs May Escape SEC Securities Regulations, Commissioner Peirce Weighs In

https://coinpedia.org/news/crypto-news-nfts-may-escape-sec-securities-regulations-commissioner-peirce-weighs-in/

U.S. Lawmakers Weigh New Rules With Stablecoin Bill

U.S. Lawmakers Weigh New Rules With Stablecoin Bill

https://coincu.com/327901-u-s-lawmakers-weigh-rules-with-stablecoin-bill/

Pi Coin Price Prediction: Can Pi Network Hit $2 Despite Binance Blow?

Pi Coin Price Prediction: Can Pi Network Hit $2 Despite Binance Blow?

https://coinpedia.org/news/pi-coin-price-prediction-can-pi-network-hit-2-despite-binance-blow/

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Sonic (prev. FTM) ($S) Crypto Forecast: Up 13.3% Today

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Sonic (prev. FTM) Price History

24.02.2025 - S Crypto was up 7.0%

• The bullish movement of S can be attributed to the positive sentiment generated by the SEC Crypto Roundtable, which indicates a growing acceptance and understanding of cryptocurrencies by regulatory authorities.
• The SEC's legal retreat and the optimism surrounding the potential approval of an XRP ETF have also contributed to the positive market sentiment, benefiting not only XRP but other cryptocurrencies like S as well.
• The US Treasury's decision to end sanctions against Tornado Cash, citing innovation benefits for Americans, has further boosted confidence in the cryptocurrency market, leading to increased investment in tokens like S.
• Despite concerns raised by Peter Schiff about the dollar's value and the potential for a painful economic transition, the cryptocurrency market remains resilient, with investors turning to digital assets like S as a hedge against traditional financial risks.

24.02.2025 - S Crypto was up 5.6%

• The bullish movement of token S can be attributed to the positive sentiment in the overall cryptocurrency market, with Bitcoin, Ethereum, and Dogecoin also experiencing gains.
• The lifting of sanctions on Tornado Cash by the U.S. Treasury and the consideration of acquiring Bitcoin with gold proceeds have likely boosted confidence in the crypto market.
• Additionally, the SEC's recent crypto roundtable and the optimism surrounding XRP ETF following a legal retreat by the SEC have created a favorable regulatory environment for cryptocurrencies, contributing to the bullish trend.
• Overall, the combination of positive market sentiment, regulatory developments, and institutional interest in cryptocurrencies has propelled the bullish movement of token S.

24.02.2025 - S Crypto was up 10.4%

• The positive sentiment in the cryptocurrency market may have contributed to the bullish movement of cryptocurrency token S.
• Comments suggesting NFTs might not be subject to SEC regulations could have boosted confidence in the sector, potentially favoring tokens like S.
• Speculation surrounding Pi Coin's price forecast and developments at Binance may have prompted investors to explore alternative tokens like S.
• Reports indicating the U.S. is considering using gold proceeds to purchase Bitcoin underscore the increasing mainstream acceptance of cryptocurrencies, possibly further driving the bullish trend for token S.

24.02.2025 - S Crypto was up 13.3%

• Entry of a major financial player into tokenization race with a blockchain-based U.S. Treasury fund could have boosted confidence in token S, indicating increasing acceptance of blockchain technology.
• Rejection of enforcement by the Acting SEC Chair, along with demands for clear crypto rules, may have brought clarity and regulatory certainty for token S, attracting more investors.
• Mention of NFTs potentially avoiding SEC securities regulations could have had a positive impact on the cryptocurrency market as a whole, including token S.
• U.S. lawmakers considering new rules with a stablecoin bill might have brought a sense of stability and legitimacy to the cryptocurrency space, benefiting tokens like S.

23.02.2025 - S Crypto was up 5.9%

• The bullish movement of cryptocurrency token S can be attributed to the overall positive sentiment in the market following optimism around XRP ETF and a favorable regulatory environment for cryptocurrencies.
• The US Treasury's decision to end sanctions against Tornado Cash, noted for innovation benefits, may have further boosted confidence in the cryptocurrency market, including token S.
• Concerns raised by Peter Schiff about economic transitions and dollar devaluation may have led investors to seek refuge in alternative assets like cryptocurrency token S to mitigate traditional market risks.
• Recent developments concerning Ripple and positive XRP price predictions could have had a positive impact on the value of token S.

23.02.2025 - S Crypto was up 5.1%

• The bullish movement of S today can be attributed to the positive news surrounding the SEC's first crypto roundtable, signaling a potential shift in digital asset regulation. This news likely boosted investor confidence in the cryptocurrency market.
• Additionally, the significant purchase of Bitcoin by U.S. Spot Bitcoin ETFs and the ongoing developments in the crypto space, such as Tornado Cash being ported to MegaETH Testnet, may have contributed to the overall positive sentiment towards cryptocurrencies.
• The warning about a jury scam demanding Bitcoin payments serves as a reminder of the importance of investor education and security measures in the crypto industry, but it did not seem to deter the bullish momentum of S.
• Overall, the combination of regulatory advancements, institutional investments, and technological developments has likely fueled the bullish movement of S in today's market.

22.02.2025 - S Crypto was up 5.1%

• Senator Lummis' proposal to shift from gold to Bitcoin may have sparked investor interest in cryptocurrencies, including token S.
• The crackdown on crypto scams in Montana could have increased investor confidence in legitimate cryptocurrencies like token S.
• Expert opinions suggesting Bitcoin's resilience regardless of political support might have positively influenced the sentiment towards token S.
• The delisting of Tornado Cash from sanctions list leading to a 100% gain in TORN could have created a positive ripple effect in the broader cryptocurrency market, benefiting token S as well.

22.02.2025 - S Crypto was up 5.4%

• Recent statements made by public figures might have influenced investors' confidence in the cryptocurrency market, resulting in a rise in investments in tokens like S.
• Transactions involving Bitcoin for the sale of popular music and potential acquisitions within the cryptocurrency industry suggest a wider acceptance of digital currencies in mainstream sectors, helping boost the value of S.
• Reports on the U.S. exploring strategies for national Bitcoin purchases and financial institutions showing interest in tokenized treasury funds highlight the growing institutional engagement with cryptocurrencies, contributing to the positive market outlook for tokens like S.

22.02.2025 - S Crypto was up 5.5%

• The bullish movement of S could be attributed to the overall positive sentiment in the cryptocurrency market, fueled by factors such as:
• Expert opinions suggesting that Bitcoin will flourish regardless of external support, potentially increasing investor confidence in the broader crypto space.
• Changes in regulatory actions leading to a surge in TORN token price and possibly affecting other cryptocurrencies like S.
• Speculation around a public figure's potential Bitcoin holdings being a positive indicator for the crypto market, creating excitement and driving up prices.
• Additionally, reports of unreleased songs being sold for $50K in Bitcoin, despite legal implications, could have also contributed to the positive sentiment and increased adoption of cryptocurrencies like S among mainstream users.

21.02.2025 - S Crypto was down 7.5%

• The bearish movement of token S could be attributed to the overall uncertainty in the cryptocurrency market due to the potential slowdown in the U.S. GDP as indicated by Fed's Williams.
• Speculation around the U.S. government potentially buying Bitcoin may have caused some investors to shift their focus away from other cryptocurrencies like token S.
• The SEC confirming that Proof of Work (PoW) crypto mining does not involve securities trading might have led to a shift in investor sentiment towards assets perceived as more regulatory compliant, impacting token S negatively.
• The news of the US Treasury lifting sanctions against Ethereum mixer Tornado Cash and the Trump Administration proposing blockchain for USAID procurement transparency did not directly impact token S but added to the overall market noise and sentiment.

21.02.2025 - S Crypto was down 5.9%

• Despite pro-crypto remarks from an influential figure and calls for clear stablecoin regulations to boost the US crypto market, S experienced a strong bearish movement.
• The lifting of sanctions on Tornado Cash by the U.S. Treasury and a boost in the DeFi sector did not seem to positively impact S.
• The market might have reacted negatively to legal action taken against the developer of Tornado Cash, leading to a bearish trend for S.
• The overall uncertainty surrounding regulatory actions and policies in the cryptocurrency space could have contributed to the bearish movement of S despite positive industry developments.

21.02.2025 - S Crypto was down 7.0%

• The bearish movement of S today could be attributed to the uncertainty surrounding the regulatory environment for cryptocurrencies, as highlighted by discussions on sanctions and legal actions by the US Treasury.
• The call by former President Trump for clear stablecoin regulations might have added to the market's unease, leading to a sell-off of S tokens.
• The removal of sanctions on Tornado Cash by the US Treasury could have initially been perceived as positive news for the cryptocurrency, but the ongoing legal action against the developer might have overshadowed this development, contributing to the bearish trend.
• The confirmation by the SEC that Proof of Work (PoW) crypto mining does not involve securities trading might not have directly impacted S token but adds to the overall regulatory landscape that crypto investors are closely monitoring, potentially influencing market sentiment.