Analysis of the reasons for the recent high increase in Notcoin (NOT)

Notcoin recently announced the first phase of the airdrop plan Airdrop Phase 1, and the token rose by more than 45% after the developer compared it with Bitcoin on the X platform. Notcoin's market value has now exceeded $730 million.

The project team recently compared Notcoin with Bitcoin on the X platform, pointing out that Notcoin has limited quantity and wide dispersion, but its price is more affordable than BTC. They further observed that Bitcoin's price once soared to $100 when its market value reached $50 million in 2013.

Just on May 26, Notcoin also announced the first phase of the airdrop plan. Users need to link their wallets in order to view their airdrop quota. This move undoubtedly brings additional incentives to Notcoin holders.

In addition, Notcoin's "task" mechanism also provides more reward opportunities for its users. As Decrypt reported last week, Notcoin launched a new feature that allows users to passively obtain crypto tokens by participating in tasks.

These "tasks" are different from the tasks before the token issuance. The current task rewards are continuous rather than one-time. According to Notcoin's training materials, these tasks will guide players into the "Partner Project" community and provide them with token rewards for a variety of crypto games and applications.

Overall, Notcoin's gains are due to its unique value proposition, innovative airdrop program, and task mechanism to motivate users. These initiatives have not only attracted the attention of many investors, but also laid a solid foundation for Notcoin's future development.

The level in the game determines the number of NOT rewards. The higher the level, the more NOT rewards you get. Staking Notcoin can upgrade the level, and the number of stakes at the end of each month will determine the player's ranking. At the platinum level, players can get the most NOT token rewards.

What is NOTCOIN?

In early 2024, Notcoin's saga began with a social clicker game that required users to click on virtual gold coins to win Notcoin cash.

The Notcoin ecosystem revolves around the NOT token, a community-driven token that allows users to participate in a variety of ways.

Users can earn NOT tokens while exploring new Web3 products and services. They can also play new Notcoin games and earn NOT tokens.

Recently, Notcoin donated more than 1 billion NOT tokens worth about $7.1 million to Telegram founder Pavel Durov.

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