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Naughty NOT! Notcoin Soars 335% in a Week - Flirting with Top 50 Cryptos🚀 The play-to-earn token Notcoin (NOT) has captured the crypto world’s attention with an astounding 335% surge in just a week, putting it on the brink of breaking into the top 50 cryptocurrencies. Launched on May 16, Notcoin initially plummeted over 60%, dropping from $0.012 to $0.0050. However, the token has staged a remarkable comeback, hitting an all-time high of $0.028. Its market cap has now reached approximately $2.3 billion, and its 24-hour trading volume soared to $4.3 billion, marking a 265% increase from the previous day. The crypto community is abuzz with Notcoin’s meteoric rise. Prominent trader Crypto Steam credits the rally to several factors: the introduction of staking functions, token burns, and market maker activities. “Around 18 million $NOT have been burned, permanently reducing sell pressure. While this might not seem huge, investors are likely anticipating more burns in the future, as crypto valuations often defy conventional logic,” Crypto Steam remarked. Last week, Notcoin launched "earnings missions," allowing users to earn passive rewards through various quests, which has further boosted the token's functionality and value. This feature has significantly increased community engagement. Despite being a newcomer to the market, Notcoin’s strong community support, innovative reward systems, and endorsements from key figures signal potential for continued growth. #StartInvestingInCrypto #ETHETFsApproved #Megadrop #altcoins #NOT $NOT {spot}(NOTUSDT)

Naughty NOT! Notcoin Soars 335% in a Week - Flirting with Top 50 Cryptos🚀

The play-to-earn token Notcoin (NOT) has captured the crypto world’s attention with an astounding 335% surge in just a week, putting it on the brink of breaking into the top 50 cryptocurrencies.

Launched on May 16, Notcoin initially plummeted over 60%, dropping from $0.012 to $0.0050. However, the token has staged a remarkable comeback, hitting an all-time high of $0.028. Its market cap has now reached approximately $2.3 billion, and its 24-hour trading volume soared to $4.3 billion, marking a 265% increase from the previous day.

The crypto community is abuzz with Notcoin’s meteoric rise. Prominent trader Crypto Steam credits the rally to several factors: the introduction of staking functions, token burns, and market maker activities.

“Around 18 million $NOT have been burned, permanently reducing sell pressure. While this might not seem huge, investors are likely anticipating more burns in the future, as crypto valuations often defy conventional logic,” Crypto Steam remarked.

Last week, Notcoin launched "earnings missions," allowing users to earn passive rewards through various quests, which has further boosted the token's functionality and value. This feature has significantly increased community engagement.

Despite being a newcomer to the market, Notcoin’s strong community support, innovative reward systems, and endorsements from key figures signal potential for continued growth.

#StartInvestingInCrypto #ETHETFsApproved #Megadrop #altcoins #NOT $NOT

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🔥5 Token Unlocks to Watch This Week: DOn't Become Exit Liquidity for VCs Token unlocks release previously restricted tokens, often impacting market dynamics. Here are five key token unlocks happening this week. Aptos $APT - Unlock Date: June 12 - Tokens Unlocked:** 11.3 million APT - Current Circulating Supply: 437.9 million APT Despite its success, the Aptos project faces criticism for its venture capital-influenced tokenomics. The new tokens will go to the foundation, community members, core contributors, and investors. Immutable $IMX - Unlock Date: June 14 - Tokens Unlocked: 25.5 million IMX - Current Circulating Supply: 11.48 billion IMX Immutable, a Layer-2 solution for scaling NFTs on Ethereum, raised significant funds through token sales and investments, and will use the new tokens to further develop the Immutable ecosystem. Cyber $CYBER - Unlock Date: June 14 - Tokens Unlocked: 886,120 CYBER - Current Circulating Supply: 22.3 million CYBER This unlock represents nearly 4% of its circulating supply. These tokens will support the purchase of CyberIDs, voting on protocol improvements, and paying transaction fees. Starknet (STRK) - Unlock Date: June 15 - Tokens Unlocked: 64 million STRK - Current Circulating Supply: 1.3 billion STRK Starknet, developing a ZK-Rollup Layer-2 solution for Ethereum, will release 64 million STRK tokens. Arbitrum (ARB) - Unlock Date: June 16 - Tokens Unlocked: 92.6 million ARB - Current Circulating Supply: 2.9 billion ARB This unlock, valued at approximately $92.59 million, will be distributed to the team, advisors, and investors. Other notable unlocks next week include Moonbeam (GLMR), dYdX (DYDX), and Render (RNDR), with a total value exceeding $232.53 million. While token unlocks can be seen as bearish, a strategic release schedule can enhance a project’s long-term success by motivating teams, boosting community engagement, and fostering ecosystem growth. #BTC #bitcoin #altcoins #TopCoinsJune2024 #Binance200M
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Is Manipulation Affecting Bitcoin's Price or Is the ETF Inflows' 'Small' Impact a Coordinated Strategy? Bitcoin ETFs have seen record inflows, with 17 consecutive days of net additions. On one notable Tuesday, ETFs saw $886.6 million in inflows, the second-highest single-day amount since their inception. The following day, inflows continued with $488.1 million, fueled by major players like Fidelity ($220.6 million), BlackRock ($155.1 million), and Ark ($71.4 million). Despite this massive capital influx, Bitcoin's price has only slightly increased, moving from $68,000 to $71,000 last week. This muted price reaction has puzzled many. Typically, such inflows would push Bitcoin prices significantly higher. However, analysts suggest other factors are countering the upward pressure. Crypto analytics platform The Kingfisher explained on X that a carry trade strategy might be influencing Bitcoin's price. They noted, “The BTC ETF inflows didn’t affect the price as much as you hoped it would? It might be due to a carry trade being loaded up. Short Futures + Buy Spot/ETF.” A carry trade involves shorting Bitcoin futures while buying spot Bitcoin or Bitcoin ETF shares, hedging against price volatility and exploiting price discrepancies. JJ the Janitor (@JLabsJanitor) elaborated, suggesting that big players use this strategy to fill spot orders by selling futures contracts. Once filled, they close the shorts, impacting the price correlation. His follow-up, “Market manipulation or savvy investment strategy….what’s the difference?” raises ethical questions about these tactics. X user Sahra critiqued the practicality of the carry trade, pointing out, “Carry trade should suppress funding rates naturally... these rates are far too low to justify a carry IMO.” The Kingfisher acknowledged this anomaly, suggesting other factors like bullish sentiment or additional buying pressures might be offsetting the expected downward pressure from the carry trade. What do you think? #BTC #bitcoin #Binance200M #TopCoinsJune2024 #altcoins $BTC
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🚀AI Tokens Set to Surge as Social Sentiment Hits Record Highs, Says Santiment Blockchain analytics firm Santiment reports a potential rise in AI-focused crypto projects due to increasing social interest. CoinMarketCap data confirms this surge, showing an 80% increase in trading volumes for AI digital assets in the past day, despite an average sector decline of 7%. The spike in social interest coincides with major advancements in AI. Nvidia briefly became the world’s second most valuable publicly traded company, with its market value exceeding $3 trillion. Bloomberg ETF analyst Eric Balchunas noted that Nvidia’s shares often traded higher than the combined volume of the top 20 US shares. Nvidia’s stock has cooled off but remains a symbol of AI investment enthusiasm. Venture capitalist Nic Carter described Nvidia as “the most important company in the world today,” noting its staggering growth and its impact on pulling capital from other tech stocks. AI startup CoreWeave Inc. attempted a takeover of Bitcoin miner Core Scientific after announcing a partnership expected to generate $3.5 billion in revenue. Core Scientific will provide 200 megawatts of capacity to power CoreWeave’s GPUs. Decentralized AI projects Fetch.ai (FET), Ocean Protocol (OCEAN), and SingularityNET (AGIX) plan to merge into the Artificial Superintelligence Alliance (ASI). This merger, set to complete this month, aims to advance decentralized AI infrastructure and create a token with an estimated market cap of $6 billion, fueling further community interest. These significant developments have driven up social volume for AI tokens. Historically, such heightened interest often leads to price increases, and crypto experts predict that AI-focused tokens could see substantial gains. $FET $AGIX $OCEAN #AITokens #BTC #bitcoin #TopCoinsJune2024
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