Notcoin, a crypto belonging to the GameFi ecosystem of Telegram, is in excellent shape: yesterday it recorded a price pump of about 90%, nearing the quotation of 0.3 dollars per token which would have brought the circulating capitalization of the asset to 3 billion dollars.
Let’s delve into the origins of Notcoin in this article and see what the future price predictions are.
All the details below.
Summary
Crypto and Telegram: what is the play-to-earn token Notcoin and why is the price on the rise?
Notcoin (NOT) is a Play-to-Earn crypto that plants its roots within the Telegram ecosystem, primarily used as a play resource earned by players for completing certain activities.
Specifically, it is a Tap-to-Earn game, where the crypto is redeemed simply by tapping a button that symbolizes a virtual coin.
Each touch earns 1 Notcoin, with a limit before the player’s energy needs to be recharged: there are also special features such as boosters and turbo mode that can increase earnings.
Created by Open Builders, a team that focuses on enhancing the development of successful dapps on the Ton blockchain, NOT was first launched on May 16 through the Kucoin exchange and has already established itself as a top 50 token in the CoinMarketCap ranking.
Its success derives from the simple yet engaging gameplay and above all from the strategic use of the vast user base of Telegram, which amounts to over 500 million individuals.
The simple and intuitive design, and the narrative of easy earnings, has allowed to build loyalty among a wide range of players, who can also participate in special missions, enter the rankings, and buy upgrades.
Since its debut, the platform has attracted over 35 million participants, becoming by far the most successful game in the Telegram ecosystem.
The crypto NOT relies directly on the blockchain of ton (The Open Network), offering an economic and scalable infrastructure, capable of activating a lively community and maximizing the trading of the resource on the market.
Another component that has favored the emergence of Notcoin is the social engagement that preceded the listing of the crypto in the markets, with many Twitter influencers who have sponsored the coin, also launching several giveaways and airdrop.
The crypto Notcoin has a total supply of 102.7 billion NOT tokens which coincides with the circulating supply. Of this, 78% (approximately 80.2 billion tokens) is allocated to the initial miners and the Telegram community. The remaining 22% is reserved for new users, traders, and future development phases.
Notcoin: 90% pump in a single day, where can it go?
Yesterday the crypto Notcoin (NOT) recorded a remarkable pump of 90%, bringing its price from the opening 0.015 dollars to the maximum of 0.029 dollars, and then closing the day at 0.022 dollars.
The currency for a few hours entered the ranking of the top 50 dollars by market capitalization, nearing the overall valuation of 3 billion dollars: a result to be proud of for a currency born just on May 16.
In the middle of yesterday’s pump NOT surpassed in market capitalization the memecoins FLOKI and BONK, warning WIF and PEPE that it could soon overtake them as well.
After the first 10 days from the listing on the crypto markets, which were characterized by an uninviting price action with tendencies towards price lateralization/distribution, NOT started the real bull climb, growing by 400% in a very short time.
After the FOMO recorded in yesterday’s session, Notcoin traders have pushed the coin back to the $0.30 level, triggering a potential retracement in the coming days.
Even though the main trend remains bullish, the extension of the recent upward movement suggests that shortly this crypto could take a step back and return at least below 0.20 dollars.
In particular, even though many crypto influencers “shill” the price target of 1 dollar for NOT; this remains unlikely for the moment.
Attention to the volatility in the coming days!
A special mention goes especially to the trading volumes recorded in the last 24 hours by NOT, which has attracted trades for a whopping 16.3 billion dollars, even surpassing ETH, SOL, and PEPE.
This data is representative of the attention of investors for this kind of coins with highly promising potential, and at the same time with a considerable intrinsic risk.
It will be interesting to monitor the trend of volumes in the coming days: in case of a decrease in the amount of trading, we can expect a sharp drop in the price of the crypto.
