Is Now the Right Time to Buy Notcoin After Its New All-Time High?đ€Ż
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Since its introduction on May 16, Notcoin (NOT) has stirred up the cryptocurrency markets, particularly in the past few weeks. This past week, Notcoin's price surged by 150%, hitting new all-time highs alongside a spike in trading volumes.
The price surge can be partly attributed to trading volumes surpassing $1.47 billion on Thursday, as reported by Yahoo Finance. Despite reaching record highs over $0.013 on Thursday, Notcoin experienced a slight decline on Friday, settling around $0.0118.
Notcoin powers a popular Telegram-based play-to-earn social clicker game. Launched on the TON blockchain, the TON Foundation backs Notcoin, making it one of the most prominent projects on the blockchain.
The game has already seen remarkable growth. Within thirty hours of Notcoin's launch, the TON blockchain gained over one million new users, according to social media reports.
Notcoin's tokenomics include incentives to encourage user participation. If a user remains inactive for over thirty days, five percent of their holdings are burned daily.
Predicting Notcoin's Price: Is Now the Right Time to Buy?
In the past 24 hours, Notcoin's price has formed a descending triangle pattern, suggesting a potential price drop to around the $0.01 support level. This drop could reduce NOT's market capitalization to below one billion dollars.
Given the rapid growth and potential of Notcoin, it is unlikely to stay at a low market cap for long. Many traders might view any price declines as buying opportunities.
