{"id":51541,"date":"2025-04-29T20:45:55","date_gmt":"2025-04-29T20:45:55","guid":{"rendered":"https:\/\/crowdfundjunction.com\/blog\/can-native-usdc-launch-on-may-6-ignite-a-breakout\/"},"modified":"2025-04-29T20:45:55","modified_gmt":"2025-04-29T20:45:55","slug":"can-native-usdc-launch-on-may-6-ignite-a-breakout","status":"publish","type":"post","link":"https:\/\/crowdfundjunction.com\/blog\/can-native-usdc-launch-on-may-6-ignite-a-breakout\/","title":{"rendered":"Can native USDC launch on May 6 ignite a breakout?"},"content":{"rendered":"<p><b>(Originally posted on : CoinJournal: Latest Crypto News, Altcoin News and Cryptocurrency Comparison )<\/b><br \/>\n<\/p>\n<div data-site=\"CoinJournal\">\n<div class=\"-mt-16  mb-8  lg:-mt-20  rounded-md  shadow-md\">\n<div class=\"relative  z-10  post-article-image  rounded  overflow-hidden\" data-site=\"CoinJournal\">\n<picture><source srcset=\"https:\/\/coinjournal.net\/wp-content\/uploads\/imagecache\/2025\/04\/Sonic-S-price-prediction-ahead-of-the-trasition-from-bridged-USDC-to-native-USDC-smartcrop-750x375.webp\" type=\"image\/webp\" media=\"(min-width: 750px)\"\/><source srcset=\"https:\/\/coinjournal.net\/wp-content\/uploads\/imagecache\/2025\/04\/Sonic-S-price-prediction-ahead-of-the-trasition-from-bridged-USDC-to-native-USDC-smartcrop-363x181.webp\" type=\"image\/webp\"\/><source srcset=\"https:\/\/coinjournal.net\/wp-content\/uploads\/imagecache\/2025\/04\/Sonic-S-price-prediction-ahead-of-the-trasition-from-bridged-USDC-to-native-USDC-smartcrop-750x375.png\" type=\"image\/jpeg\" media=\"(min-width: 750px)\"\/><source srcset=\"https:\/\/coinjournal.net\/wp-content\/uploads\/imagecache\/2025\/04\/Sonic-S-price-prediction-ahead-of-the-trasition-from-bridged-USDC-to-native-USDC-smartcrop-363x181.png\" type=\"image\/jpeg\"\/>\n<\/picture>                            <\/div>\n<\/p><\/div>\n<ul>\n<li>Sonic is set to upgrade to native USDC and integrate with CCTP V2 for better liquidity and experience.<\/li>\n<li>Sonic (S) price, currently at $0.5226, may hit $1.03 or fall to $0.3596 after the upgrade.<\/li>\n<li>A successful transition could spark increased adoption and liquidity, potentially pushing the S price higher.<\/li>\n<\/ul>\n<p>Sonic (S), the native token of the Sonic blockchain, has been trading in a tight range for the past 48 days, with investors eagerly awaiting the <a href=\"https:\/\/blog.soniclabs.com\/native-usdc-and-cctp-v2-are-coming-to-sonic-what-you-need-to-know\/\">upcoming transition from bridged USDC to native USDC<\/a>.<\/p>\n<p>This transition, scheduled to begin on May 6, 2025, is expected to bring significant changes to the Sonic ecosystem, potentially impacting the price of Sonic (S).<\/p>\n<p>As the market remains in a state of anticipation, understanding the implications of this transition and the current technical setup is crucial for predicting the future price movement of Sonic (S).<\/p>\n<h2>The upcoming bridged USDC to native USDC transition on Sonic<\/h2>\n<p>Bridged USDC, known as USDC.e, is a version of the widely used stablecoin USDC that has been bridged from another blockchain to the Sonic network.<\/p>\n<p>This bridged form has been functional but carries limitations like potential liquidity fragmentation and dependency on third-party bridging mechanisms.<\/p>\n<p>The shift to native USDC, issued directly by Circle on the Sonic blockchain, is designed to overcome these challenges and streamline operations.<\/p>\n<p>Native USDC is fully regulated, backed by reserves, and redeemable on a 1:1 basis for US dollars, offering a robust and trustworthy stablecoin option.<\/p>\n<p>It also introduces institutional on\/off-ramps via Circle Mint, enabling eligible businesses to seamlessly engage with the Sonic ecosystem.<\/p>\n<p>The integration with CCTP V2 further enhances this upgrade by facilitating fast, secure, and efficient cross-chain USDC transfers across supported blockchains.<\/p>\n<p>Scheduled to start on May 6, 2025, the transition will pause bridging activity on the Sonic Gateway between Ethereum and Sonic for about a week.<\/p>\n<p>During this time, Circle will assume ownership of the bridged USDC contract, enabling the switch to native USDC without requiring user intervention.<\/p>\n<p>Once completed, native USDC will be fully operational, promising improved liquidity and a better user experience across the Sonic network.<\/p>\n<h2>Sonic (S) price forecast<\/h2>\n<p>Sonic (S) has been locked in a consolidation phase for the past 48 days, encountering resistance at key technical levels such as the VWAP SR, 0.618 Fibonacci level, and the value area high.<\/p>\n<p>Trading volume has remained consistently low, reflecting a lack of strong momentum or conviction among market participants.<\/p>\n<p>The current price of $0.5226 sits near the midpoint of this range, making it a pivotal level for determining the next move.<\/p>\n<p>A successful transition to native USDC could spark increased adoption and liquidity, potentially pushing the price above the established resistance zone.<\/p>\n<p>Historically, such upgrades to native stablecoins have bolstered blockchain ecosystems by attracting more users and developers, though price impacts depend on broader market dynamics.<\/p>\n<p>Conversely, any setbacks or delays in the transition could erode investor confidence, risking a drop below the midpoint toward lower support levels.<\/p>\n<p>Volume will play a critical role in signalling the direction of any breakout, with a surge alongside a move above resistance suggesting a bullish trend.<\/p>\n<p>Should this scenario unfold, Sonic (S) could aim for its previous all-time high of $1.03, offering a potential 97% gain from its current price.<\/p>\n<p>On the flip side, a breakdown below the range, especially with heightened volume, might see the price retest its all-time low of $0.3596, a decline of roughly 31%.<\/p>\n<p>Investors should keep a close eye on volume and price behaviour around these key levels as the USDC transition unfolds to assess the market\u2019s response.<\/p>\n<div class=\"post-meta\">\n<hr class=\"mb-6\"\/>\n<h6 class=\"text-3xl  mb-4  text-green-300\">Share this article<\/h6>\n<hr class=\"mb-6\"\/>\n<h6 class=\"text-3xl  mb-4  text-green-300\">Categories<\/h6>\n<hr class=\"mb-6\"\/>\n<h6 class=\"text-3xl  mb-4  text-green-300\">Tags<\/h6>\n<\/p><\/div>\n<\/p><\/div>\n<p><a href=\"https:\/\/coinjournal.net\/news\/sonic-s-price-prediction-can-native-usdc-launch-on-may-6-ignite-a-breakout\/\">Source link <\/a><br \/>\n<br \/><\/p>\n","protected":false},"excerpt":{"rendered":"<p>(Originally posted on : CoinJournal: Latest Crypto News, Altcoin News and Cryptocurrency Comparison ) Sonic is set to upgrade to native USDC and integrate with CCTP V2 for better liquidity and experience. Sonic (S) price, currently at $0.5226, may hit $1.03 or fall to $0.3596 after the upgrade. A successful transition could spark increased adoption [&hellip;]<\/p>\n","protected":false},"author":7,"featured_media":51542,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"om_disable_all_campaigns":false,"_monsterinsights_skip_tracking":false,"_monsterinsights_sitenote_active":false,"_monsterinsights_sitenote_note":"","_monsterinsights_sitenote_category":0},"categories":[35],"tags":[],"_links":{"self":[{"href":"https:\/\/crowdfundjunction.com\/blog\/wp-json\/wp\/v2\/posts\/51541"}],"collection":[{"href":"https:\/\/crowdfundjunction.com\/blog\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/crowdfundjunction.com\/blog\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/crowdfundjunction.com\/blog\/wp-json\/wp\/v2\/users\/7"}],"replies":[{"embeddable":true,"href":"https:\/\/crowdfundjunction.com\/blog\/wp-json\/wp\/v2\/comments?post=51541"}],"version-history":[{"count":0,"href":"https:\/\/crowdfundjunction.com\/blog\/wp-json\/wp\/v2\/posts\/51541\/revisions"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/crowdfundjunction.com\/blog\/wp-json\/wp\/v2\/media\/51542"}],"wp:attachment":[{"href":"https:\/\/crowdfundjunction.com\/blog\/wp-json\/wp\/v2\/media?parent=51541"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/crowdfundjunction.com\/blog\/wp-json\/wp\/v2\/categories?post=51541"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/crowdfundjunction.com\/blog\/wp-json\/wp\/v2\/tags?post=51541"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}