As a researcher with a background in cryptocurrency and blockchain technology, I’ve been closely monitoring the recent developments in the world of digital assets. The surge in price for Notcoin (NOT) over the past 24 hours, which has broken above $0.021 to hit a two-week high, has caught my attention.
As an analyst, I’ve noticed a significant surge in Notcoin (NOT) prices within the last 24 hours, with the cryptocurrency breaking through the $0.021 mark and reaching a new two-week high at over 11% growth.
As a crypto investor, I’m bullish about the future price movement of the token associated with the Telegram-based game. The recent surge in demand for Toncoin (TON) has caused its price to reach a new all-time high, resulting in over 100% of addresses being in profitability. This positive trend is likely to continue and boost the price of the game token further.
After experiencing a significant increase of more than 10%, Notcoin’s market capitalization now stands at $1.9 billion, making it the 49th largest cryptocurrency by market cap among those currently in existence. In contrast, VeChain (VET), Maker (MKR), and Optimism (OP) have all experienced declines over the past 24 hours, with VeChain decreasing by 6%, Maker by 2%, and Optimism by 7%.
If the “not” symbol in the statement implies that Notcoin may surpass the market caps of VeChain (VET), Maker (MKR), and OmiseGO (OP), then
As an analyst, I’d put it this way: The trading volume of Notcoin at $1.2 billion over the past 24 hours comes relatively close to that of the cryptocurrency heavyweights – Bitcoin, Ethereum, Binance Coin (BNB), Solana, and the stablecoins USDT, USDC, and FDUSD.
On June 2, the price reached a peak of $0.028, which was its highest point ever. However, due to bearish trends in the wider cryptocurrency sector, it subsequently dropped to $0.019 by the end of the period.
Notcoin’s surge amid new Tap2Earn trend
The recent surge in Notcoin’s price is occurring concurrently with a rise in popularity for “Tap2Earn” and associated tokens within the crypto industry. At present, Hamster Kombat and Yescoin are among the most buzzed-about choices in this category.
Notcoin’s primary allure lies in its early presence within the Telegram community. The expansion of The Open Network (TON) over the past few months has positively impacted Notcoin as well, with Telegram’s vast 900 million user base and escalating crypto adoption on the platform generating increased curiosity and development.
Over the past quarter, the number of active wallets on the TON blockchain has noticeably increased. This upward trend may foreshadow comparable developments for Notcoin, as it explores avenues for expansion beyond Tap2Earn.
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2024-06-14 22:28