Sonic Price continued his recent uprising when most cryptocurrencies recovered and his decentralized financial ecosystem increased.
Sonic (s), formerly known as Fantom, rose on Monday to a highlight of $ 0.6072, the highest level since 3 March.
In an X post, the Defi -Plug, a popular crypto researcher, explained two important reasons why the current Sonic Rally has more room to walk.
First of all, he noted that the Sonic token was strongly undervalued compared to other Layer-1 coins, especially Solana. He pointed out that Solana (SOL). He noted that Solana had a market capital-to-Defi TVL-multiple of 12 compared to Sonic’s 2. As such, as such catch up with Sonic Solana, this would mean a win of 5 to 10 times from the current level.
$S is ridiculously cheap. Sonic’s Mcap/TVL ratio sits at just 2.2x, while Solana is at 12.7x.
If Sonic catches up, we’re looking at a 5-10x opportunity. 🧵⬇️@SonicLabs' recent growth isn’t just hype it’s backed by hard numbers.
• TVL: $920M (+87% in the past month, per… pic.twitter.com/hgsuSn4Rht
— THEDEFIPLUG (@TheDeFiPlug) March 24, 2025
Secondly, while Sonic’s ecosystem has grown, the analyst predicts that it is more upside down. That is because in less than three months it has won more than three months more than $ 854 million since his rebranding from Fantom.
The number of developers in Sonic is growing, thanks to the low transaction costs and faster speeds. The most important thing is that Sonic, unlike other chains, uses the monetization model for costs that 90% of network gas costs return to developers. Since the launch, around 70 developers have earned more than $ 418,000.
This model will probably attract more developers to the network. Aave (Aave), the second largest Defi network, recently moved to the network and has attracted more than $ 250 million in assets.
Sonic Price Short -term analysis
The four-hour graph shows that the Sonic token has returned from $ 0.4055 at 11 to $ 0.60. It has been moved above the most important level of resistance to $ 0.5610, where it formed a double top pattern on 15 and 20 March.
Sonic Price has moved above the progressive average of 50 periods. It is also above the rising trend line that connects the lowest fluctuations since 11 March. This trend line was the diagonal of the rising triangular pattern.
Sonic has jumped above the 61.8% Fibonacci retracement level and the Ichimoku Cloud indicator. That is why token is likely to continue to rise, because Bulls focuses on this month the peak of $ 0.7891, which is approximately 30% above the current level. A movement above that level will indicate more profit up to $ 1, which is 60% higher than the current point.
