Market analyst Sherpa has made headlines by stating that Sonic, a layer-1 blockchain’s native cryptocurrency, has achieved significant gains and could potentially reach a price of 1 dollar in the future. This optimistic outlook has drawn the attention of cryptocurrency enthusiasts and investors alike, eager to understand the factors contributing to Sonic’s rapid ascent.
Sonic Coin’s Impressive Surge
Sonic has experienced a remarkable increase, rising from $0.359 to $0.8615, marking an approximate 140% gain. The analyst highlighted the coin’s previous high levels, indicating that positive market activities are likely to continue supporting Sonic’s growth. Acknowledging Sonic’s current status among robust mid-tier cryptocurrencies, Sherpa reminded followers that it had nearly reached $4 during the last cycle.
Sherpa stated, “The chart looks incredibly impressive. I believe $1 is just the beginning.”
Bitcoin and Other Altcoin Developments
The analyst noted that Bitcoin $
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