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The Notcoin price has corrected by more than 11% to start the week after it failed to flip the $0.20 resistance.
The continued weakness in altcoins and growing macroeconomic concerns are also contributing to the selling pressure on NOT.
Notcoin is currently trading at $0.018 with a market capitalization of $1.85 billion. However, experts gearing up for more downside in the coming days.
Notcoin Price Prediction – How Low Can $NOT Go?
During its rally over the past few days, Notcoin’s Cumulative Volume Delta (CVD) and Open Interest declined even as its price increased. For instance, $NOT’s aggregated OI is down by nearly 12% over the past 24 hours and 20% from Friday, data from Coinalyze reveals.
This is a typical bearish signal that often indicates a reversal in uptrending cryptocurrencies. As projected, the $NOT price is down by over 11% today on Monday, with experts gearing up for more downside.
Popular analyst Crypto Patel identifies $0.0165 and $0.012 as the two downside price targets to watch out for the Telegram-based play-to-earn token.
The $0.015 price point could also act as crucial support, considering the Notcoin price created a local bottom at this level last week and followed it with a 40% rally.
Bullish investors also need to prepare for the “max pain” scenario if Bitcoin falls to $60,000. Even as NOT shows an impressively low correlation with BTC, it would be hard for any mid-cap altcoin to disregard a 10% correction in the Bitcoin price.
In such a scenario, the aforementioned $0.012 price target becomes an important support level for Notcoin and could also emerge as an excellent “buy the dip” opportunity for sidelined investors.
Unclaimed Notcoin Airdrop Tokens to be Burned, More Games to Launch Soon – Will it Stop the Bleeding?
The Notcoin airdrop claim period is now in the books, with a part of the unclaimed tokens set to be burned in the coming days and the rest to be used for future development.
While the token burn could positively impact $NOT’s price, whether it would be enough to offset the broader market bearishness remains to be seen.
The airdrop campaign was launched to reward users who played Notcoin’s tap-to-earn game during its “mining phase”. While Notcoin was initially launched as a beginner-friendly, Telegram-based game, its native token – $NOT – soon went live on the TON blockchain.
Interestingly, TON – or The Open Network – is created by the developers of Telegram and benefits substantially from its seamless integration with the messaging app.
The Notcoin developer team has already confirmed the return of the popular coin-tapping game, in addition to other viral games, aiming to transform Notcoin into a Netflix-type platform for gamers.
As such, smart money traders remain bullish on $NOT in the long term, with some even projecting the Notcoin price to reach $1, which would mean a market capitalization of nearly $100 billion.
Base Dawgz’s Share-to-Earn Airdrop Sees High Demand – Is it The Best Crypto to Buy Now?
Following the remarkable success of Notcoin’s tap-to-earn concept, Base Dawgz’s share-to-earn airdrop campaign has caught the attention of smart money traders.
Investors can share DAWGZ-related content on social media – whether it be memes or simply the latest updates – and receive airdrop points. These could later be exchanged for lucrative $DAWGZ rewards.
Alternatively, investors can take advantage of the refer-to-earn program and receive a percentage of all investments made through their referral links during the presale.
The share-to-earn utility has resulted in Base Dawgz raising over $1.5 million in its ongoing presale within three weeks.
It has received considerable praise from smart money traders and crypto influencers alike, with some viewing it as the best crypto to buy now. Others believe that it could potentially be the next 100x meme coin.
Being native to the Base chain, the new meme coin has also drawn comparisons to Brett, Base’s top meme token that has a market capitalization of $1.4 billion.
Additionally, Base Dawgz’s multi-chain status is driving up its demand during the presale. The meme coin is live on Bae, Ethereum, Solana, Avalanche and BNB Smart Chain, which increases its visibility amongst potential buyers while simplifying the purchasing process.
Interested buyers can head to the Base Dawgz presale website and use the over-the-counter widget to invest.
*Cryptonomist did not write the article or test the platform.
