The cryptocurrency market, which has experienced a downturn and neutral trends since March, is now seeing a rise in positive sentiment. Some cryptocurrencies are trending due to their mostly negative outlooks, but it’s important to remember that community opinions in the crypto space can shift quickly. While trending projects don't always reflect their true value, social indicators and public opinion can influence a cryptocurrency's short-term price. Data from Santiment highlights two cryptocurrencies that investors might want to keep an eye on this week.

Notcoin (NOT) and Toncoin (TON) Insights

Santiment's social index shows a downward trend for Notcoin, especially after users reported problems with withdrawals from Binance and TON wallets. According to Santiment’s AI summary, many users are frustrated with issues accessing their Notcoins, experiencing large balance drops, and facing exchange-related difficulties.

Conversely, there are some positive sentiments around Notcoin, with users noting successful cash withdrawals, trading opportunities, and new cryptocurrency exchange listings. Despite the initial negativity, Notcoin was created as a reward token for a Telegram game designed to bring users to The Open Network (TON). The negative perception of Notcoin is largely tied to the general views on Toncoin, the main token of the TON blockchain linked to the game.

Concerns about the TON project center around the functionality and reliability of the TON wallet, with users experiencing problems with deposits, withdrawals, and transfers.

Toncoin's Price Perspective

Toncoin has drawn significant attention due to its impressive performance since early 2024. With a 228% increase over the past year, it is currently trading at $6.58. Toncoin aims to establish a strong long-term foundation by successfully integrating investors and developers into its ecosystem.

Technical indicators suggest that Toncoin might maintain its current price levels or even rise despite mixed sentiments. TON continues to trade above its 30-day exponential moving average (30-EMA), and the Relative Strength Index (RSI) indicates a robust structure.

In conclusion, while the cryptocurrency market has faced challenges, rising positive sentiment and specific trends around cryptocurrencies like Notcoin and Toncoin suggest potential opportunities. Investors should consider both the social sentiments and the fundamental aspects of these cryptocurrencies when making decisions.