Toncoin (TON) has emerged as a top gainer in recent days, surging over 13% in the past day and 27% over the past week. This price increase comes in contrast to Bitcoin and Ethereum, which have seen minimal movement.
Previously, Toncoin traded in a tight range between $2 and $2.775 for over six months. However, with increased market volatility, the price surged 270% to a new all-time high of $7.65 in April.
Following this, the price corrected by nearly 40% before finding support and resuming its upward trend.
The recent surge places TON among the top gainers in the top 30 cryptocurrencies by market cap over the past week.
The key driver behind the TON rally is the upcoming launch of Notcoin (NOT) on 16 May.
The viral game that captivated 35 million users with its tap-to-earn mechanic is finally launching its token, NOT. Initially scheduled for an April launch to piggyback on the Bitcoin halving hype, NOT's debut was delayed twice to ensure a seamless rollout.
Minted on The Open Network (TON), NOT will be available for trading on OKX and Bybit on the launch date while Gate.io makes the first move by launching pre-market trading on their platform.
OKX is kicking things off with a "jumpstart" campaign, rewarding users who stake their TON coins with a share of the Notcoin pie. This pre-launch giveaway starts 13 May, offering a tempting 1.28 billion NOT tokens, or 1.25% of the total supply, to incentivise early participation.
Bybit has yet to announce similar programs, leaving room for OKX to potentially grab a larger share of eager Notcoin players.
Notcoin's journey has been nothing short of remarkable. It started as a viral phenomenon, attracting a staggering 35 million players who diligently tapped away to collect in-game coins.
The game's mining phase concluded in early April, with the initial token launch planned to coincide with the Bitcoin halving event on 20 April. However, the Notcoin team opted for a more cautious approach, delaying the launch twice to ensure a smooth rollout and avoid any potential hiccups.
The excitement doesn't stop there. Binance Launchpool has also announced NOT as their 54th project. This opens up another avenue for users to acquire NOT tokens.
From 13 to 15 May, Binance users can stake their BNB and FDUSD holdings to farm NOT tokens before official trading kicks off on 16 May. The exchange will offer various trading pairs for NOT, allowing for easy exchange and integration into existing crypto portfolios.
If you were among the millions tapping away at that in-game token, you might be wondering what happens to all those NOT you diligently mined.
Notcoin co-creator Sasha Plotvinov has assured players that they'll have options. Players will be able to transfer their in-game NOT directly to a centralised exchange or withdraw them to a self-custody wallet.
The exact claim process details are still under wraps, but the ability to claim the in-game earnings is a welcome sign for dedicated players.
The NOT token launch is just the first chapter in Notcoin's story. The team has bold ambitions to transform the initial game into a full-fledged platform – a "Netflix of social, viral games" as Plotvinov describes it.
This means new social games and experiences are on the horizon, all integrated with the NOT token economy. The potential for ongoing rewards and deeper engagement is sure to keep players hooked.
Adding to the momentum, decentralised exchange dYdX announced support for Toncoin, while Hong Kong's HashKey exchange listed TON. These developments broaden TON's reach and accessibility within the cryptocurrency market.
The Open Network (TON) also recently conducted a $700,000 airdrop for users actively trading gaming tokens and NFTs on their network. This initiative highlights TON's commitment to fostering growth within the play-to-earn and NFT sectors.
Pantera Capital's recent investment in the Open Network (TON) signifies strong institutional confidence in the platform's potential. This investment, coupled with Telegram founder Pavel Durov's vision for the TON blockchain, suggests a bright future for TON adoption and utility.
Toncoin (TON) has seen a surge in price and user interest recently, fueled by a confluence of positive factors. The upcoming launch of the Notcoin token, backed by Binance, OKX, and Bybit, has generated significant excitement.
Additionally, TON's integration with Telegram, the hugely popular messaging app, and its embrace of Web3 features like NFTs and tokenised stickers, point towards a future filled with innovation and potential disruption.
All these developments could potentially propel TON to even greater heights, hitting a new all-time high of $12.
With a growing user base and a powerful messaging platform behind it, Toncoin is well-positioned to be a major player in the evolving Web3 landscape.
Cryptocurrency market sees mainstream adoption surge amid Bitcoin halving and BTC ETFs buzz. Whales diversify into promising altcoins like Toncoin, Cardano, Arbitrum, and Mollars, anticipating significant gains.
EdmundToncoin [TON] emerges as strong competitor to Bitcoin [BTC] in Layer 1 Network. Toncoin outperforms BTC with 160% gain, higher active addresses. Despite surge, trader sentiment sours, contrasting Bitcoin's positive sentiment.
EdmundNotcoin's mining token launch spikes TON borrowing rates to 365%. OKX rules: pledge TON for returns. Despite costs, miners eye high returns. Disparity in rates suggests arbitrage potential. TON sees 5.8% surge.
Huang BoTON and Dogecoin showcase robust growth in the cryptocurrency market, with significant increases in non-empty wallets. TON's meteoric rise, fueled by partnerships and integration with Telegram, places it among the top cryptocurrencies, while Dogecoin's recent bullish trend prompts speculation of a potential surge to $1.
Xu LinPantera Capital's investment in TON, fueled by Telegram's vast user base, signals optimism for TON's role in mainstream crypto adoption. Challenges remain, but with Pantera's backing, TON aims to become a widely embraced blockchain network in the near future.
JoyValour updates VDAB10 ETP basket: Adds Shiba Inu and Toncoin, removes Polkadot and Tron. Reflects market shifts and regulatory compliance. Demonstrates commitment to transparency and innovation in digital asset investment.
Huang BoElon Musk's transformation of Twitter into the "everything app" X includes integrating cryptocurrency for seamless financial transactions, but faces regulatory challenges in Australia due to content issues, shaping the future of social media and finance.
WeatherlyTelegram's integration of Tether onto its TON blockchain opens up global payment possibilities for its 900 million users, potentially transforming it into a WeChat-like platform for the West, while raising questions about TRON's future with Tether.
AnaisToncoin (TON) has surged over 112% in the past month, driven by a $115 million incentive program and the popularity of Notcoin, a Play-to-Earn game. Recent hints at an IPO by Telegram's co-founder have further fueled TON's meteoric rise, reaching a new all-time high of $7.65 in April 2024.
WeatherlyNotcoin, a brief talk about NOT - a bottom-up experiment of TON ecology? Golden Finance, the Meme attribute is definitely greater than the game attribute.
JinseFinanceGolden Picture, Notcoin, Learn about the viral game Notcoin (NOT) on Telegram Golden Finance, Will Notcoin become a meme coin choice that breaks the circle?
JinseFinanceOn May 9, 2024, Binance issued an announcement stating that Binance New Coin Mining has now launched the 54th project - Notcoin (NOT), a community token that introduces users to web3 through a click-to-earn mining mechanism.
JinseFinanceGolden Finance launches the 2211th issue of the cryptocurrency and blockchain industry morning report "Golden Morning 8:00" to provide you with the latest and fastest digital currency and blockchain industry news.
JinseFinanceJune saw the worst monthly performance for Bitcoin since 2011, but several metrics indicate that its underlying support base continues to grow stronger.
Cointelegraph
NulltxGreen planned on using the BAYC in an upcoming TV series, and he has hinted he will go to court to get his Apes back if the new owner does not give it up.
CointelegraphIndia’s “blockchain, not crypto” stance has led to disastrous crypto policies, forcing several thriving crypto firms to relocate.
CointelegraphIn the face of extreme fear in the Bitcoin market, miners are unfazed and may even welcome a downturn as it opens up the opportunity to gain more hash power.
CointelegraphTwo days ago, I had the audacity to say "Layer 2 will save Ethereum".
Cointelegraph