Fantom (FTM) is adding 7.0% to $0.9100 this week, although the price was at $0.9641 on Monday before rolling back. FTM is currently straining against the $1.0000 resistance level and is likely to hit it soon, which is only 7.0% above current levels. The token has strong inertia, partly due to Bitcoin (BTC) jumping by 6.0% to $70,445, which has lifted the entire crypto market.

Adding to the positive momentum, the Fantom Foundation recently unveiled more details about its new Layer-1 blockchain, Sonic Network. Sonic connects to Ethereum via a Layer-2 bridge, allowing it to tap into a large user base, liquidity, and various other protocols. This development is highly promising and supports the optimistic outlook for FTM.