While the overall crypto market is showing signs of slow recovery, Notcoin (NOT) has seen a modest price increase of 14.85% in the past 24 hours, reaching $0.01618. This surge comes on the heels of a major announcement regarding its tokenomics, which has shifted to become heavily community-oriented.
Key Tokenomic Changes:
According to an announcement by Notcoin, here are the key changes to its tokenomics.
$3 million worth of Notcoin burned from the emission
$4.2 million allocated as incentives for Gold and Platinum users of Notcoin Explore
94.18% of tokens now in the hands of 11.5 million users, including traders, miners, and stakers
Only 5.82% remains in the treasury for future development
Notcoin Tokenomics is now extremely community oriented.Notcoin worth $3M just burned from the emission $4.2M will go as incentive for Gold and Platinum users of Notcoin Explore (thank you guys) pic.twitter.com/70vXTWk5YE
— Notcoin Ø (@thenotcoin) June 25, 2024
Notcoin Airdrop Outshines Major Players
According to X account Trade, the Notcoin airdrop has emerged as one of the largest in crypto history, surpassing even well-established projects:
Users claimed: 11.5 million (Notcoin) vs. 695K (ZKSync) and 1.28M (LayerZero)
Total Airdrop value at ATH: $2.5 billion (Notcoin) vs. $954 million (ZKSync) and $323 million (LayerZero)
This massive distribution, with no locks or vesting periods, equates to approximately $250 per user at the all-time high price.
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Show more +Show less – Technical Analysis Suggests Bullish Momentum
Analysts are eyeing potential breakout scenarios for Notcoin:
Market Spotter identifies a bullish trendline breakout, predicting an explosive move upwards barring any short signals from their Signal Sniper indicator.
Planfomo highlights a potential falling wedge pattern on the 4-8 hour timeframes, suggesting a possible “full send” after a breakout. However, they caution that a break below the current support box could invalidate this setup, potentially leading to a retest of support around $0.007665.
While Notcoin has exhibited double-digit gains, Bitcoin and Ethereum have not yet started their positive trajectory.
Read also: Ripple’s XRP Will Surpass Ethereum – Here Are 3 Reasons According to Crypto Analyst
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