Fantom (FTM) Surges, RCO Finance (RCOF) Presale Gains Traction as FET Eyes Further Rally

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Michael Graw is an experienced freelance finance and tech writer, specializing in cryptocurrencies, decentralized finance, and Web 3.0 since 2018. His work has been featured on various financial news...

Fantom (FTM) looks poised to exceed Artificial Superintelligence Alliance’s (FET) recent 25% rally as investor interest in this top crypto coin grows. Meanwhile, ongoing presale RCO Finance (RCOF) has been gathering traction as more investors pour in with almost $2 million raised already.

Due to emerging ecosystem developments and strong fundamentals, FTM and RCOF pose potential contenders for strong price movements in the coming months.

Let’s find out what’s driving the growth of these cryptocurrencies.

Sonic Labs, previously known as Fantom, recently announced a new strategic move targeting the $11 trillion global lending market, which has led to a notable surge in the value of its native token, FTM.

Following this announcement, FTM’s price soared from $0.43 to $0.57, marking a 32% increase and solidifying its position as a top performer among the 100 largest digital assets by market capitalization.

This price rally brings FTM to its highest level since August 27, despite the prevailing bearish market conditions. The surge can be traced back to a blog post published by Sonic Labs’ CTO, Andre Cronje, on September 9, 2024. In the post, Cronje detailed Sonic Labs’ ambitious initiative to introduce credit scores for digital wallets, aiming to penetrate the vast unsecured lending market.

As part of this strategy, Sonic Labs has also launched a testnet that boasts a record-breaking transaction finality of just 720 milliseconds. This remarkable technical milestone has further fueled optimism about Fantom’s potential, driving a