Why did NOT suddenly increase so much? Is it too late to buy it now?
Recently, the new coin NOT on Binance has become popular, and the price has doubled. Let's talk about why it is so popular:
First, traffic is king: Binance pays more attention to how many people pay attention to it, rather than how good the product is. Although the coin NOT is simple, it is popular. There are 5 million active users every day, and it is one of the top five popular channels on Telegram.
In addition, community coins have a market: Now everyone doesn't like the VC coins with high valuations but low circulation, so Binance chose community coins like NOT that everyone has.
Also, strategic layout: Because TON has a Russian background, Binance dare not use it directly for the time being, so it found a coin in the TON ecosystem to replace it.
Finally, the user base is very important: TON is different from other social coins. It can attract many Web2 users to enter Web3, while other social coins have to find users in Web3, which is a big gap.
When I asked my friends in the big family to enter the market, the price was 0.0054, and the current price has doubled. The empowerment of this new coin is a bit strong, and the position is still increasing.
However, it is not recommended to operate now. The position is a bit high. Be careful of market crashes. The buying momentum is strong, and the risk of short selling is also high. If you want to play with a light position as a lottery, you can operate it. Just wait and see now.
