Sonic (prev. FTM) ($S) Crypto Forecast: Up 83.1% Today

What is Sonic (prev. FTM)?

Cryptocurrency Token S Market Cryptocurrency markets have been volatile today with various tokens experiencing mixed movements. The overall sentiment in the market seems to be positive, with investors closely monitoring developments in the crypto space.

Why is Sonic (prev. FTM) going up?

S crypto is up 83.1% on Feb 18, 2025 20:47

• The bullish movement in Cryptocurrency Token S could be attributed to the launch of a global OTC trading desk by BitGo Inc., providing spot and options trading, and lending services in key regions. This development may have increased confidence in the cryptocurrency market.
• Additionally, the acknowledgment by the SEC of Bitwise's XRP ETF filing and reports about Tether looking to acquire a major stake in a South African energy firm could have contributed to the positive sentiment, leading to increased buying interest in various cryptocurrencies, including Token S.
• The lack of a breakout in Litecoin might have shifted some focus towards other cryptocurrencies, including Token S, resulting in increased demand and a bullish movement.
• Overall, the combination of positive developments in the crypto space and shifting investor focus from Litecoin to other tokens could have fueled the bullish movement in Cryptocurrency Token S today.

S Price Chart

S Technical Analysis

S News

Why Litecoin Won’t Break Out—Analytics Firm Reveals the Cause

Why Litecoin Won’t Break Out—Analytics Firm Reveals the Cause

https://www.newsbtc.com/news/litecoin/litecoin-break-out-analytics-firm-reveals-cause/

BitGo Inc. Launches Global OTC Trading Desk Offering Spot and Options Trading, Lending Services in U.S., Hong Kong, and Middle East

BitGo Inc. Launches Global OTC Trading Desk Offering Spot and Options Trading, Lending Services in U.S., Hong Kong, and Middle East

https://thedefiant.io/news/cefi/bitgo-inc-launches-global-otc-trading-desk-offering-spot-options-trading-lending-61d13af2

Just In: SEC Acknowledges Bitwise’s XRP ETF Filing

Just In: SEC Acknowledges Bitwise’s XRP ETF Filing

https://coinpedia.org/news/just-in-sec-acknowledges-bitwises-xrp-etf-filing/

Tether Eyes Major Stake in South African Energy Firm

Tether Eyes Major Stake in South African Energy Firm

https://coinpedia.org/news/tether-eyes-major-stake-in-south-african-energy-firm/

SEC Acknowledges Filing for Bitwise Spot XRP ETF on February 18, 2025, $XRP

SEC Acknowledges Filing for Bitwise Spot XRP ETF on February 18, 2025, $XRP

https://thedefiant.io/news/regulation/sec-acknowledges-filing-bitwise-spot-xrp-etf-on-february-18-2025-xrp-b6b28637

Trending Today

Dogecoin ($DOGE) Crypto Forecast: Down 5.1% Today

Solana ($SOL) Crypto Forecast: Down 7.3% Today

Movement ($MOVE) Crypto Forecast: Down 7.2% Today

XRP ($XRP) Crypto Forecast: Down 5.2% Today

Jupiter ($JUP) Crypto Forecast: Down 13.0% Today

Celo ($CELO) Crypto Forecast: Down 5.1% Today

Litecoin ($LTC) Crypto Forecast: Up 5.5% Today

Cardano ($ADA) Crypto Forecast: Down 7.1% Today

Memecoin ($MEME) Crypto Forecast: Down 8.0% Today

Sonic (prev. FTM) ($S) Crypto Forecast: Up 83.1% Today

Sonic (prev. FTM) Price History

18.01.2025 - S Crypto was down 6.8%

• The bearish movement in S could be attributed to the overall market sentiment following the price fluctuations of major cryptocurrencies like Bitcoin and Ethereum.
• The U.S. Government Efficiency Department saving $55 billion in federal spending may have shifted investor focus away from riskier assets like cryptocurrencies, leading to a sell-off in S.
• MEMX seeking SEC approval to list 21Shares XRP ETF could have created uncertainty in the cryptocurrency market, causing traders to take a more cautious approach towards S.
• Bitcoin's correlation with the S&P 500 hitting zero might have triggered a broader market reaction, impacting the prices of various cryptocurrencies including S.

18.01.2025 - S Crypto was up 77.4%

• The bullish movement of token S today could be attributed to positive sentiment in the overall cryptocurrency market.
• The news of U.S. Bitcoin mining companies doubling their global hashrate share may have instilled confidence in investors, leading to increased interest and buying activity in various cryptocurrencies, including token S.
• Discussions about overpriced U.S. stock valuations and the crypto market crash might have driven investors towards alternative assets like cryptocurrencies, contributing to the bullish movement of token S.
• Overall, the bullish movement of token S today could be a result of a combination of positive market sentiment, increased interest in cryptocurrencies, and a shift in investment focus away from traditional markets.

18.01.2025 - S Crypto was up 83.6%

• Cryptocurrency token S surged as Elon Musk's DOGE continues to make headlines, potentially drawing more attention to the overall crypto market.
• The suggestion of a U.S. fund strategically investing in Bitcoin over gold by Bernstein may have boosted investor confidence in cryptocurrencies, including token S.
• The expansion of federal oversight efforts by Elon Musk's DOGE could signal a growing acceptance and legitimacy of digital assets, benefiting token S.
• The increase in global hashrate share by U.S. Bitcoin mining companies showcases the strengthening infrastructure and security of the cryptocurrency market, contributing to the positive sentiment around token S.

18.01.2025 - S Crypto was down 7.7%

• The bearish movement in cryptocurrency token S could be attributed to the overall market sentiment following news about the U.S. Bitcoin reserve proposal potentially triggering global crypto competition. Investors might be cautious due to the uncertainty surrounding future regulations and competition.
• Additionally, the revelation about potential support levels for Bitcoin in case of a breakdown could have added to the bearish pressure, leading to a broader sell-off in cryptocurrencies, including token S.
• A bet signaling high chances for SEC-approved XRP ETF and other funds might have diverted investor attention towards other cryptocurrencies like XRP, SOL, and LTC, causing a shift in capital away from token S.
• The positive movement in some other cryptocurrencies like Sonic could have also influenced traders to reallocate their investments, contributing to the bearish trend in token S.

18.01.2025 - S Crypto was up 83.3%

• The bullish movement of cryptocurrency token S could be attributed to the news of Tether considering a major stake in a South African energy firm, indicating growing adoption and integration of cryptocurrencies in traditional sectors.
• The SEC acknowledging the filing for Bitwise Spot XRP ETF might have also positively impacted the market sentiment, leading to increased confidence in the cryptocurrency space.
• Bank of New York Mellon's significant investment in Bitcoin exchange-traded funds further validates the institutional acceptance of cryptocurrencies, potentially boosting investor trust in digital assets like token S.
• The suggestion by Bernstein to sell gold and create a strategic Bitcoin reserve could have sparked a global race towards cryptocurrency adoption, driving up the demand for token S and other digital assets.

18.01.2025 - S Crypto was up 83.1%

• The bullish movement in Cryptocurrency Token S could be attributed to the launch of a global OTC trading desk by BitGo Inc., providing spot and options trading, and lending services in key regions. This development may have increased confidence in the cryptocurrency market.
• Additionally, the acknowledgment by the SEC of Bitwise's XRP ETF filing and reports about Tether looking to acquire a major stake in a South African energy firm could have contributed to the positive sentiment, leading to increased buying interest in various cryptocurrencies, including Token S.
• The lack of a breakout in Litecoin might have shifted some focus towards other cryptocurrencies, including Token S, resulting in increased demand and a bullish movement.
• Overall, the combination of positive developments in the crypto space and shifting investor focus from Litecoin to other tokens could have fueled the bullish movement in Cryptocurrency Token S today.

18.01.2025 - S Crypto was down 7.2%

• The bearish movement of S could be attributed to the market uncertainty, as investors may be moving their funds to more stable assets.
• The news about a potential Ripple lawsuit could have added to the negative sentiment surrounding cryptocurrencies, including S.
• The significant inflows into Ether ETFs might have diverted some investment away from other tokens like S, impacting its price negatively.
• The proposal for a U.S. Bitcoin reserve and its potential impact on global crypto competition could have also influenced traders to reposition their investments, affecting S negatively.

18.01.2025 - S Crypto was down 9.1%

• The bearish movement of S today could be attributed to the overall market sentiment towards cryptocurrencies.
• The news about building a national Bitcoin reserve might have shifted investors' focus towards Bitcoin, leading to a sell-off in other altcoins like S.
• The speculation about Bitcoin reaching $273,000 could have also diverted attention and investment away from other cryptocurrencies, impacting the price of S negatively.
• Additionally, the market volatility mentioned in a denial of LIBRA promotion could have created uncertainty and fear among investors, causing them to pull out of riskier assets like S.

17.01.2025 - S Crypto was up 8.7%

• The bullish movement of token S today could be attributed to positive sentiment in the overall crypto market.
• Engaging with US lawmakers on stablecoin regulation overhaul may have boosted confidence in the stability of the crypto market, including token S.
• Decoupling of Bitcoin from the S&P 500 could have led investors to seek alternative digital assets like token S, driving up its price.
• The negative impact of the Argentina's S&P Merval falling due to a crypto scandal might have redirected some investors towards safer crypto assets like token S, contributing to its bullish movement.

17.01.2025 - S Crypto was up 5.3%

• Argentina President Javier Milei's continued interest in LIBRA may have sparked positive sentiment towards cryptocurrencies, including S.
• The news of a major U.S. institution backing a $46 billion Bitcoin bet could have boosted confidence in the overall cryptocurrency market, including S.
• JPMorgan Chase's significant holdings in Bitcoin and Ethereum ETFs may have signaled to investors the growing acceptance of cryptocurrencies, potentially benefiting S.
• Elon Musk's involvement in legal matters with the SEC and Ripple may have created some uncertainty in the market, but the overall bullish trend prevailed, driving up the value of S.

18.01.2025 - S Crypto was up 81.2%

• The bullish movement of cryptocurrency token S could be attributed to the overall positive sentiment in the cryptocurrency market.
• The updates on XRP and its recent performance may have prompted investors to explore other cryptocurrencies, leading to an increase in token S's price.
• Rumors about the SEC's interest in establishing a national Bitcoin reserve likely contributed to a rise in confidence across the cryptocurrency market, positively impacting token S.
• Projections from a well-known market expert forecasting Bitcoin to potentially reach $273,000 may have influenced a positive outlook for various cryptocurrencies, including token S.

18.01.2025 - S Crypto was down 5.1%

• The bearish movement of cryptocurrency token S could be attributed to the overall negative sentiment in the cryptocurrency market, possibly influenced by the bearish movement of Bitcoin.
• The lack of correlation between Bitcoin and the S&P 500 may have led investors to reevaluate their positions in cryptocurrencies, causing a sell-off.
• The focus on Bitcoin's mining industry creating jobs in the US may have diverted attention from other cryptocurrencies, leading to a decrease in demand for token S.
• The uncertainty surrounding the S&P 500 inclusion strategy amidst Bitcoin's rise may have created hesitation among investors, impacting the performance of cryptocurrency token S negatively.