$0.587
-4.09%
$0.566
24h Range
$0.610
Market Cap
$1,864,464,657.0
Fully Diluted Valuation
$1,864,467,950.0
24 Hour Trading Vol
$163,445,449.0
Circulating Supply
3,175,000,000.0
Total Supply
3,175,000,000.0
Max Supply
∞
Sonic Price
$0.587
24h Range
$0.566 - $0.610
Percent Change 1h
-0.99%
Percent Change 24h
-4.09%
Percent Change 7d
-25.25%
All-time high
$1.03
All-time low
$0.499
1D
7D
1M
1Y
All
Sonic (S) is a decentralized cryptocurrency designed to optimize transaction speeds and enhance user privacy within the blockchain ecosystem. Launched in early 2024, Sonic aims to address some of the scalability issues faced by existing blockchain networks. It utilizes a unique consensus mechanism called "Sonic Proof of Stake" (SPoS), allowing for faster transaction confirmations and lower energy consumption compared to traditional Proof of Work systems. The project is built on a fork of the Ethereum blockchain, thereby benefiting from its robust smart contract capabilities while implementing improvements in transaction throughput and security.
The founders of Sonic include a group of blockchain enthusiasts and developers with extensive experience in the cryptocurrency space. The team is led by Alex Reed, a former software engineer at a leading tech firm, and Maria Gomez, a blockchain architect who previously worked on several high-profile projects. Other key team members include data scientists and cryptographers who have contributed to the development and security of the Sonic platform. Their combined expertise has been instrumental in creating a reliable and efficient cryptocurrency that addresses real-world problems.
Sonic operates on a dual-layer architecture that enhances its efficiency and scalability. The first layer is the Sonic blockchain, which handles transactions and smart contracts, while the second layer consists of off-chain solutions that process transactions in batches. This architecture allows Sonic to achieve high throughput, with an average transaction speed of around 2 seconds. The SPoS consensus mechanism enables users to stake their Sonic tokens to validate transactions, earning rewards in the process. Additionally, Sonic incorporates advanced cryptographic techniques to ensure user privacy, making transactions anonymous and secure.
To ensure the safety of your Sonic tokens, follow these best practices:
Investing in Sonic (S) or any other cryptocurrency involves several steps:
1. Choose a Reliable Exchange: Select a reputable cryptocurrency exchange platform like Coinbase, Binance, or Okx. These platforms allow you to buy, sell, and trade cryptocurrencies.
2. Create an Account: Sign up for an account on your chosen exchange by providing the necessary personal information and completing the verification process.
3. Fund Your Account: Deposit funds into your exchange account using various methods like bank transfers, credit/debit cards, or wire transfers.
4. Buy Sonic: Once your account is funded, you can purchase Sonic directly from the exchange. Choose the desired amount and complete the transaction.
Botsfolio is a platform that automates cryptocurrency investments using trading bots. To invest in Sonic using Botsfolio, follow these steps:
Botsfolio allows you to automate your cryptocurrency investments, potentially saving time and effort while optimizing your trading strategies.
Sonic (S) is currently trading at $0.587 and exhibits good potential for future growth. Check the latest Sonic (S) price prediction.
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