Mitrade Insights is dedicated to providing investors with rich, timely and most valuable financial information to help investors grasp the market situation and find timely trading opportunities.

2021

Best News & Analysis Provider

FxDailyInfo

2022

Best Forex Educational Resources Global

International Business Magazine

Insights

News

Cryptocurrencies

Toncoin price surges as Notcoin gains attention across the crypto community

Source Fxstreet

Toncoin price has been up by 11% as top crypto exchanges move to integrate Notcoin.
Notcoin will get listed on the Binance exchange on May 16.
TON may see a rally following Notcoin's listing on top crypto exchanges.

TON saw a brief rally on Thursday following a recent announcement that Binance and OKX will launch Notcoin (NOT) as the newest token on the Binance launchpool and the OKX Jumpstart.

Read more: TON crosses $200 million in Total Value Locked as its network integration continues to scale

TON rallies following Notcoin announcement

Toncoin (TON), The Open Network's native token, has seen impressive gains in the last 24 hours. The Telegram-linked coin currently trades at around $6.40, up by 11% on the day, according to data from Coinmarketcap. TON has outperformed most coins in the top 100 including Bitcoin and Ethereum.

Toncoin's recent price boost can be traced to the growing popularity of the Telegram game community token Notcoin (NOT), which has garnered plenty of attention in the last 24 hours.

Also read: High hopes rouse for TON coin with Pantera as its latest investor

Notcoin is beginning to see integrations across top crypto exchanges, giving it more visibility among crypto investors. Binance announced on Thursday that the token would be the 54th to be added to its launchpool.

Other top exchanges have also mentioned the inclusion of the cryptocurrency into their markets, including OKX Jumpstart on May 13 and the Bybit spot market on May 16, even though users can start storing the token.

Read more: Ton Foundation airdrops $600,000 to NFT traders and holders

Toncoin may continue to see a rally with the growing attention surrounding the Notcoin listing since most platforms require investors to stake their TON tokens in exchange for Notcoin. For example, OKX users would need to stake TON to gain Notcoin rewards. The excitement surrounding Notcoin's launch may also serve as a catalyst for TON to see another round of rally.

Disclaimer: For information purposes only. Past performance is not indicative of future results.

Recommended Articles

Silver Price Forecast: XAG/USD falls to near $63.50 amid Fed hike bets, higher oil prices Silver price (XAG/USD) loses its gains from the previous day, trading around $63.50 per troy ounce during Asian hours on Monday. Non-yielding Silver is currently facing significant headwinds driven by rising Federal Reserve (Fed) rate-hike expectations for the upcoming September decision.

Author FXStreet

8 hours ago

Silver price (XAG/USD) loses its gains from the previous day, trading around $63.50 per troy ounce during Asian hours on Monday. Non-yielding Silver is currently facing significant headwinds driven by rising Federal Reserve (Fed) rate-hike expectations for the upcoming September decision.

Fed hike odds near 90% into Wednesday's decision — how to trade the dollar, gold and the S&P 500 A 0.3% monthly core CPI print has lifted the market-implied probability of a 25bp Fed hike on 16 September to roughly 86.5% ~ 90%, which would be the first increase since July 2023. Here is the decision timeline, the pricing versus the forecasts, both scenarios, and the key levels for the dollar, gold and the S&P 500.

Author Suzie

11 hours ago

A 0.3% monthly core CPI print has lifted the market-implied probability of a 25bp Fed hike on 16 September to roughly 86.5% ~ 90%, which would be the first increase since July 2023. Here is the decision timeline, the pricing versus the forecasts, both scenarios, and the key levels for the dollar, gold and the S&P 500.

Brent tests $108 as a key export pipeline stays shut — can the rally clear $110?Brent crude rose 2.55% to $106.97 and WTI 2.32% to $102.30 as a major regional export pipeline remained offline with no restart timeline. Front-month backwardation has widened to $5.53 from $3.84 a week ago, European gas is at its highest since December 2022, and one analyst sees $119.48 if talks stall.

Author Irene Q.

12 hours ago

Brent crude rose 2.55% to $106.97 and WTI 2.32% to $102.30 as a major regional export pipeline remained offline with no restart timeline. Front-month backwardation has widened to $5.53 from $3.84 a week ago, European gas is at its highest since December 2022, and one analyst sees $119.48 if talks stall.

TradingKey Daily Market Briefing: CPI Data Boosts Rate Hike Expectations, Geopolitical Risks Spark Oil Price Surge Tracking Market TrendsTradingKey - The three major U.S. stock indices rose across the board last Friday, with the Dow Jones Industrial Average rising 0.98%, the Nasdaq Composite Index gaining 0.96%, a

Author TradingKey

18 hours ago

Tracking Market TrendsTradingKey - The three major U.S. stock indices rose across the board last Friday, with the Dow Jones Industrial Average rising 0.98%, the Nasdaq Composite Index gaining 0.96%, a

Gold Price Forecast: PPI and Oil Prices Fuel Inflation Concerns, Can CPI Change Gold's Direction?As of the Asian session on September 11, gold prices (XAUUSD) remained in weak consolidation today after dropping sharply to near $4,300 on Thursday, with the latest price trading around

Author TradingKey

Sep 11, Fri

As of the Asian session on September 11, gold prices (XAUUSD) remained in weak consolidation today after dropping sharply to near $4,300 on Thursday, with the latest price trading around

Popular Symbols