Why Notcoin Price Just Spiked: Learn Why
The token behind crypto's popular new Telegram-based social clicker game Notcoin, $NOT, rose 49.4% from a seven-day low of $0.0085 to $0.0127 yesterday evening UTC.
The Notcoin token trades at $0.01124, 32% higher than its previous low but 3.4% lower than 24 hours ago.
Lost Dogs: The Way, another Telegram game, boosted Notcoin. Game creators Lost Dogs Co and Getgems collaborated on the game.
Lost pups users earn Notcoins and WOOF by choosing between three daily outcomes that affect their pups' stories.
Most players choose the winning option.
Any user may access Telegram's Notcoin game via the app. Start earning NOT by opening the Notcoin bot, inviting friends, and pressing the gold coin.
Limited tap allowances replenish slowly. Quests and community deeds earn taps.
The tap-to-earn game and its token operate on The Open Network (TON), a blockchain that Telegram established in 2018, but split out in 2020 after the SEC sued Telegram with breaching federal securities laws by selling it. However, they remain closely related.
Sudden $NOT Token Rise and Fall
A 50% jump is impressive, but looking at the trade chart over the previous three months, the surge is more muted.
Notcoin's $NOT token hit $0.0085, near its summer support level (green line). Although it rose 50% overnight, it's still 60% behind its all-time high (ATH) of $0.02836, set on June 2.
The majority of its losses happened before Monday's crypto meltdown, indicating investor skepticism. Notcoin's relative strength indicator (RSI) is 38 and decreasing, suggesting intense selling will further degrade the price.
To break yesterday's Lost Dogs record, Notcoin needs more.
