Toncoin Surges 50% in May Driven by Notcoin Airdrop and Pantera Capital Investment

Toncoin has experienced a notable surge of around 50% in May, reaching $7.10 on May 10, attributed to several key factors. One significant catalyst is the anticipation surrounding the launch of Notcoin, a play-to-earn game operating within the Telegram app, which has sparked increased demand for TON. The game involves tapping a golden coin to earn Notcoin tokens, with an airdrop of a new native crypto, NOT, planned for TON blockchain users. Additionally, Pantera Capital's undisclosed investment in The Open Network, combined with its integration with Telegram, has boosted investor confidence, contributing to Toncoin's recent price rise. Furthermore, technical analysis suggests a potential upward movement of over 20% in May, with resistance at $7.17 and a possible downside target of $6.19 if resistance levels are not breached.