Alternative Cryptos Surge as Bitcoin Rebounds

Crypto Market Shows Positive Momentum

As Bitcoin spearheads a market rebound, alternative cryptocurrencies are exhibiting remarkable gains. TON, the token for The Open Network, has surged by 17.5%, while Render Network's RNDR has risen by 13.2%, as per Coingecko data. These gains make TON and RNDR among the top performers in the last day. The positive trend coincides with Bitcoin's 6% rally, now priced at $63,000.

Upcoming Cryptocurrency Launches

The surge in TON's value is linked to the anticipated release of a Telegram-based game, Notcoin, and its native coin, NOT, scheduled for May 16. The Open Network will host the new token, with significant exchanges like Binance, Bybit, OKX, and Bitfinex gearing up to support NOT. Binance is setting up a launchpool, and OKX is rewarding TON stakers with NOT tokens in anticipation of the launch.

RNDR Token Rides the Apple Wave

Render Network's RNDR token has received a boost following Apple's mention of Render-powered 3D design software OctaneX, leading to a 20% increase in its value. Meanwhile, Bitcoin's trajectory is closely watched as it seems to seek support at $64,000 and resistance at $60,000. However, concerns about a potential supply overhang affecting Bitcoin's surge are looming in the background.