The native cryptocurrencycurrency of The Open Network, Toncoin, has increased significantly during the past 24 hours. It ranks second in performance among the top 100 cryptocurrencycurrencies by market capitalization, only behind Akash Network.
The impending launch of NOT on May 16 which comes after a period of high anticipation and some delays in listing targets is directly linked to the price increase.
Over the course of the previous day, the value of toncoin increased dramatically, rising from roughly $6.04 to $6.89, or 13.6%. Additionally, there was a notable surge in trade volume, up 133.66%, indicating a high degree of activity. According to CoinMarketData.
Although Toncoin has experienced significant gains, the overall cryptocurrencycurrency market has not changed much; Bitcoin and Ethereum have only increased by 1% and 2%, respectively.
This demonstrates the volatile nature of the cryptocurrencycurrency market, where certain events have the potential to drastically alter the value of any given coin.
Interest has increased even further as a result of the announcements made by prominent cryptocurrencycurrency exchanges OKX and Binance that they will not be rewarding their users. Additionally, OKX encouraged its users to purchase and stake TON in order to receive prizes.
Also read: Toncoin Soars to Record Levels, Overtaking Dogecoin With 18% Growth
