In the past 24 hours, TON and RNDR tokens have emerged as top performers, with TON rising by 17.5% and RNDR gaining 13.2%. This surge contrasts with Bitcoin’s 6% rally to $63,000, which also broke past a downward trendline alongside a stock market aiming at new record highs.
TON’s recent rally is attributed to reports of the impending launch of Notcoin’s native token, NOT, on May 16, minted on The Open Network. Major exchanges like Binance, Bybit, OKX, and Bitfinex have pledged support for NOT. Binance announced a launchpool for NOT, offering 3 billion coins to users staking BNB or FDUSD stablecoin, while OKX unveiled a “jumpstart” campaign rewarding TON stakers with NOT tokens.
Meanwhile, RNDR’s gains are driven by Apple’s mention of Render-powered 3D design software Octane, leading to a surge of over 20% since the announcement.
Bitcoin’s movement is influenced by economic data showing a rise in initial unemployment benefits applications in the US, strengthening the case for Fed rate cuts this year. According to analysts, $64,000 is the key level to watch for Bitcoin’s further bullish momentum, although concerns remain regarding supply overhang from distributions to creditors of Gemini’s Earn program and Mt. Gox.
