Notcoin gains attention, brings a jump in Toncoin price

Binance and OKX have announced plans to launch Notcoin on their respective exchange platforms. This has served two major activities across the crypto market: it has brought a lot of attention to Notcoin and caused a surge in the token value of Toncoin.

TON is currently up by 12.99% in the last 24 hours, listed at $6.82. On the other hand, NOT has yet to go live on any exchange platform. However, it appears can be seen as having an impact on the ecosystem, or at least a part of the ecosystem.

On May 16, 2024, Binance will tentatively list NOT as its 54th token. OKX plans to launch Notcoin on May 13, 2024. Bybit spot market is on the list, too, with an expected launch date of May 16, 2024. Upon launch, the platforms will allow users to store cryptocurrency in their wallets and trade it once the functionality becomes available.

The announcement alone has done wonders for TON. Toncoin has surpassed most of the major cryptocurrencies featured in the list of the top 100 tokens, including Bitcoin and Ethereum. The Telegram-linked cryptocurrency is now aiming to surpass the value of $10 by the end of this year or by the middle of next year. Interestingly, the current surge reflects a rise of 28.49% in the last 7 days and 1.27% in the last 30 days.

Binance, OKX, and Bitfinex are the initial exchange platforms that have expressed their interest in launching Notcoin. Other platforms have not publicly come forward, but there is a buzz in the market that more integrations are on the table soon. Till then, Toncoin could see more rise in interest as Notcoin continues to serve as a crucial catalyst on the trading board.

At the time of writing this piece, Toncoin’s market cap and 24-hour trading volume were up 13.61% and 133.37%, respectively. Open Network’s native token is well-positioned for increased value and growth in both segments.

A rally for TON comes at a time when BTC and ETH are up by 2.94% and 1.74%, respectively. In other words, the market has noted that Toncoin has overperformed in comparison to the big cryptocurrencies in the market.

The current price of BTC is $63,257.01, while ETH is exchanging hands at $3,045.12. Bitcoin is likely to move upward on the price chart for an upswing, while Ether could retrace to a value of $2,500. The latter scenario is rather important because it is based on the previous year’s trends, wherein ETH shed a lot of weight.

Future predictions for TON, plus BTC and ETH, are optimistic. A bull run is expected shortly, depending on how long the consolidation phase of Bitcoin lasts. ETH takes a backseat because there is no positive speculation about Ether ETF. However, recovery is still on the table.

Roxanne Williams

Roxanne Williams has recently joined as a market reporter for CryptoNewsZ - the 24/7 crypto news site, where she produces recent stories, technical analysis and price updates on world's leading cryptocurrencies.

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