- Sonic is ready to update to USDC and integrate with CCTP V2 for better liquidity and experience.
- The price of Sonic (s), currently at $ 0.5226, can reach $ 1.03 or fall to $ 0.3596 after updating.
- A successful transition could generate greater adoption and liquidity, which would potentially boost the price of river.
Sonic (s), the native token of Sonic’s blockchain, has quoted in a narrow range during the last 48 days, with investors with enthusiasm with enthusiasm the Next transition from USDC Native USDC .
This transition is expected to be scheduled for May 6, 2025, bring significant changes to the Sonic ecosystem, which could affect the price of Sonic (s).
Since the market remains in a state of anticipation, understanding the implications of this transition and the current technical configuration is crucial to predict the future fluctuation of the Sonic price (s).
The next USDC bridge transition to USDC in Sonic
USDC, known as USDC.E, is a widely used USDC version, which has been bridged from another blockchain to the Sonic network.
This bridged form has been functional, but presents limitations such as the possible fragmentation of liquidity and dependence on third -party bridge mechanisms. The native USDC transition, issued directly by Circle in the Sonic Blockchain, is designed to overcome these challenges and optimize operations.
Native USDC is fully regulated, backed by reservations and exchangeable 1: 1 for US dollars, which offers a stable robust and reliable currency option. It also introduces institutional entry and exit ramps through Circle Mint, which allows eligible companies to interact without problems with the Sonic ecosystem.
Integration with CCTP V2 further improves this update by facilitating USDC transfers between fast, safe and efficient block chains between compatible blockchains. Scheduled to begin on May 6, 2025, the transition will pause the bridge activity in Sonic Gateway between Ethereum and Sonic for approximately a week.
During this period, Circle will assume the property of the USDC Puente contract, which will allow the transition to Native USDC without user intervention. Once completed, USDC will be fully operational, which promises greater liquidity and better user experience throughout the Sonic network.
Sonic price prognosis (s)
Sonic (s) has been in a consolidation phase during the last 48 days, finding resistance at key technical levels such as the VWAP SR, the Fibonacci level of 0.618 and the maximum of the value area.
The negotiation volume has remained constantly low, which reflects the lack of impulse or conviction among market participants. The current price of $ 0.5226 is close to the midpoint of this range, which makes it a crucial level to determine the next movement.
A successful transition to Native USDC could promote greater adoption and liquidity, potentially promoting the price above the established resistance zone.
Historically, these updates to native stablcoins have strengthened blockchain ecosystems by attracting more users and developers, although the impact on the price depends on the general dynamics of the market. On the contrary, any setback or delay in the transition could erode the confidence of investors, with the risk of a fall below the midpoint towards lower support levels.
The volume will play a fundamental role to indicate the direction of any breakup, since a sudden increase along with a movement above the resistance suggests an upward trend.
If this scenario is completed, Sonic (s) could point to its previous historical maximum of $ 1.03, which offers a potential gain of 97% compared to its current price.
On the other hand, a rupture below the range, especially with a higher volume, could make the price re -test its historical minimum of $ 0.3596, a drop of approximately 31%. Investors should be attentive to the volume and price behavior around these key levels as the USDC transition develops to evaluate the market response.
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