Toncoin is making big waves in the cryptocurrency world, outshining its peers as it gears up for the launch of Notcoin, a new game, set to debut on May 16. The game, which will be part of the Telegram app, has already attracted over 34.5 million players eager to mine Notcoin tokens by clicking a golden coin. As excitement builds for the launch, Toncoin's value has seen a significant boost.

The Notcoin team plans to reward its 34.5 million token holders with a new cryptocurrency, NOT, which will be usable on the TON Blockchain starting May 16. This blockchain operates on a proof-of-stake (PoS) system and has seen a surge in activity, with the total value locked (TVL) reaching 40.58 million TON by May 10. This increased interest reflects positively on Toncoin's demand.

Toncoin's upward trajectory is further fueled by the recent addition of Tether (USDT) stablecoins to the TON blockchain and an investment from Pantera Capital. The partnership with Pantera Capital, coupled with the integration with Telegram's vast user base, positions the Open Network as a major player in the crypto world.

Following these developments, Toncoin's value has soared by around 46%, showcasing the market's positive response to these strategic moves. Technical indicators, such as the ascending trendline and the daily relative strength index (RSI), point towards further potential gains.

Analysts predict a possible 20% increase in Toncoin's price in May, with resistance levels expected at $7.17 and $8.77. However, a pullback could see prices dipping to $6.19 and even $5.40. Despite the uncertainties, the outlook for Toncoin remains optimistic as it continues to carve its path in the crypto market.