Sonic

Today's state: Sonic is trading at $0.029644 with a $0.1 billion market capitalization (rank #0). The price moved -6.41% over the past 24 hours and is +9.33% over 7 days; the 30-day move stands at -27.81% and the 90-day at -29.19%.

Position vs cycle: The asset trades deep in the post-peak drawdown regime, more than 70% below its prior cycle high — typical of late-stage bear conditions or assets that have permanently re-rated lower.

Volatility and structure: 30-day realized volatility of 88.7% annualized is high for an asset this size. Our composite multi-horizon Price Strength reads Weak (20/100), in a structurally weak regime with material losses across every meaningful horizon.

Beyond Bitcoin, S's 90-day return correlations to the other two largest layer-1 references help characterize whether the asset moves as part of a crypto-market beta complex or as something more idiosyncratic. The Pearson correlations across daily log returns:

• Bitcoin reference: -0.08 — a minimal negative relationship.
• Ethereum reference: -0.09 — a minimal negative relationship.
• Solana reference: -0.02 — a minimal negative relationship.

Strong correlation to multiple references typically indicates that the asset trades primarily as crypto-market beta — moves in BTC/ETH/SOL drive most of the price action, and stand-alone alpha is harder to capture. Weak or negative correlations indicate idiosyncratic drivers (project-specific news, sector rotation within crypto, or narrative shifts) that can produce returns uncorrelated with the broader market.

Sonic (S) is a cryptocurrency, traded on global digital-asset markets. It trades at $0.0296 as of the latest update, with a 24-hour move down 6.41%, placing it at rank #237 by market capitalisation among all listed digital assets. Sonic's current market cap stands at $112.20M, a figure used by traders, analysts and institutional desks to gauge relative liquidity and risk exposure across the crypto market.

On this page you'll find a live, daily-refreshed dashboard tracking Sonic across multiple data sources — price history going back several years, on-chain activity where available, fundamentals like circulating supply and dilution, top exchanges by volume, technical analysis using moving averages and RSI, and an algorithmic short, mid and long-term forecast. All figures are pulled from public APIs and cached locally; nothing here is investment advice.

Sonic is a smart-contract platform competing for developer attention and application activity. Its value depends on user adoption, developer ecosystem, and the unique trade-offs its consensus mechanism offers (typically a combination of throughput, decentralization, and finality).

Sonic is a Layer-1 proof-of-stake blockchain: validators stake the native token as collateral, propose and attest to blocks, and earn staking rewards for honest participation. Malicious or negligent validators are slashed. The native token serves as gas for computation, staking collateral, and governance.

Primary use cases: hosting decentralized applications, native staking for yield, securing the network via validator participation, paying gas for transactions, and serving as base-layer collateral for DeFi protocols built on the chain.

Sonic's tokenomics combine its supply schedule, current circulating supply, and the relationship between circulating market cap and fully-diluted valuation. The fully diluted valuation (FDV) of $0.1 billion stands at 1.1× the current circulating market cap of $0.1 billion. The wider this ratio, the more issuance overhang the asset faces — a structural headwind on valuation that mature assets like Bitcoin do not face but that early-cycle assets typically do.

For thesis-building, the relevant question is whether the structural value accrual mechanism (fee burns, staking yield reinvestment, deflationary supply mechanics, ecosystem TVL growth) outpaces the structural emission pressure. When it does, the price tends to grind higher over multi-quarter windows even without speculative momentum; when it does not, the asset typically requires consistent narrative-driven demand to absorb the issuance.

The macro backdrop for crypto assets in 2026 is dominated by the Federal Reserve's rate path, the trajectory of dollar liquidity, and the unwind (or non-unwind) of the post-2020 expansion in M2 money supply. Crypto assets — and Bitcoin in particular — have historically responded most strongly to changes in the global liquidity regime, with risk-on phases coinciding with falling real yields and a softening dollar, and risk-off phases the inverse.

The cross-asset relationships worth monitoring: the dollar index (DXY) — historically inversely correlated with crypto over longer windows; the 10-year Treasury yield — a proxy for the cost of risk capital; gold — which often shares "monetary hedge" framing with Bitcoin during certain regime changes; and the S&P 500 — which during liquidity-driven moves often rhymes with crypto despite the popular framing of crypto as uncorrelated.

For Sonic specifically, the macro variable that has empirically led price most often is global crypto-market liquidity — proxied by stablecoin total supply, futures open interest, and exchange volumes. When these expand, S tends to follow; when they contract, the relationship typically reverses.

Specific risks: validator centralization, smart contract risk in the application layer, competitive pressure from rival L1s, regulatory uncertainty around staking rewards, MEV concerns, and reliance on continued developer and user adoption to maintain network value.