The cryptocurrency market continues to navigate through choppy waters, with Bitcoin's price hovering above $60,000, yet shrouded in uncertainty. As May unfolds, investors are keenly watching for signs of past market patterns to re-emerge following Bitcoin's halving. Amidst this uncertainty, we delve into the performance of two leading cryptocurrencies: XRP and Toncoin.

XRP's legal battle with the SEC remains a focal point, with the case expected to conclude by year-end. Supporters believe a favorable outcome could boost XRP's price, which has been sluggish due to lack of interest. However, the SEC's recent response opposing Ripple's claims and rejecting a $10 million settlement offer has added a new layer of complexity. Despite this, XRP rose 1% to $0.5064 in the last 24 hours, and investors are now watching if it can sustain above the $0.50 support level.

Toncoin, linked to Telegram, has bucked the market trend, showcasing significant growth. According to Santiment data, Toncoin has experienced the fastest network growth among leading cryptocurrencies over the past six months, with wallets with a balance above zero doubling to 16,800. This surge in interest has pushed Toncoin into the rising zone, attracting investor attention. Although it saw a 1% decrease to $6.77, Toncoin has gained 19% over the last seven days, with its upward momentum potentially influenced by the growing popularity of Notcoin in the Telegram gaming community.