Toncoin Soars as Notcoin Launches, Bitcoin and Ethereum Remain Stable

Toncoin Spikes on Notcoin Rollout as Bitcoin, Ethereum Trade Flat

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Toncoin, the native cryptocurrency of The Open Network (TON), is making waves in the crypto markets with significant gains. Currently priced at $6.46, TON has surged nearly 13% in the last 24 hours, positioning itself as the second-largest coin in the top 100 cryptocurrencies by market cap. This comes as other major coins like Bitcoin and Ethereum have remained relatively stagnant.

The price increase for TON can be attributed to the launch news of NOT, one of the most anticipated tokens on The Open Network. The viral Telegram-based game, Notcoin, announced that the NOT token will be released on May 16, leading to a surge in interest and excitement among investors. Crypto exchange Binance also added to the hype by offering billions of NOT tokens as rewards to its customers through pre-listing staking rewards.

In addition, dYdX and HashKey exchange have shown support for Toncoin, contributing to its overall growth in the last week. With Toncoin up 24% over the past week, it’s clear that the cryptocurrency is gaining momentum in the market.

While Toncoin experiences significant gains, other top cryptocurrencies like Bitcoin and Ethereum have seen minimal movement. Bitcoin is up 1% to $62,420, with a total gain of 5% over the past week, while Ethereum has only increased by about 2% to $3,020 in the same timeframe.

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