Fantom (FTM) Announces Sonic Labs Innovation Foundation 🔥

Fantom announced the establishment of the Sonic Labs Innovation Foundation, pledging up to 200 million FTM tokens to support innovative projects. This move is intended to drive the development of the ecosystem and attract more developers and projects to join the Fantom network.

As such major announcements are generally seen as positive news, they may have a positive impact on the price of FTM. Investors expect that through this incentive mechanism, the Fantom ecosystem will develop and expand more rapidly, thereby increasing the demand and value of FTM tokens.

If the market reacts positively to the announcement, the price of FTM may rise, and investors can pay attention to price fluctuations in the short term. Observe key resistance and support levels to determine whether the price will break through or pull back. Changes in trading volume are also important indicators to observe, and increased trading volume may mean that the market recognizes the news.

Short-term strategy: If the market reacts positively to the news, you can consider going long on FTM in the short term. However, a reasonable stop loss should be set to prevent risks brought by market fluctuations.

Long-term strategy: Based on the confidence in the Fantom ecosystem and the potential of the Innovation Foundation, you can consider holding FTM for a long time and wait for the value enhancement brought by the gradual maturity of the ecosystem.

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