NOT has been on the top of the charts for a long time. Is there still a chance to enter the market?
Notcoin, a Telegram game based on the public chain TON, is worth chasing recently and has caused a frenzy in the market.
In the middle of May alone, it was listed on 18 exchanges including Binance, OKX, and Bybit. $NOT once soared to $0.01, refreshing its cognition. However, the subsequent downward trend was very regrettable. On the 24th of last week, it fell to a low of $0.0045. The market was once boiling and set off a storm of public opinion!
NOT suddenly set off a surge in the past few days. At around 17:00 today, it rushed to a high of $0.012731. The increase in 24 hours exceeded 50%, refreshing the highest price after the first day of listing on the exchange; as of press time, it is temporarily quoted at $0.012328.
Although the reason for the surge in the price of $NOT is still unclear, it can be analyzed from multiple angles.
Perhaps it was the high income from BNB mining in the previous period that caused the holders to choose not to take action temporarily or to make bottom operations, thus driving the price up. This situation deserves our interpretation and analysis from different perspectives.
- The current market value is close to $800 million;
- It is still lower than the market value of other well-known meme coins;
- Telegram has nearly 1 billion monthly active users, so the FOMO effect will not be underestimated;
- The $TON ecosystem needs a meme coin with a market value of $1 billion to attract more attention and more funds.
Of course, NOT also has many bearish points:
1. The MEME attribute is very embarrassing, there is no community culture, and the potential narrative height is not as good as ORDI, BTC's number one air MEME in the same category
2. If empowered, it may pull up in the short term, but it is also embarrassing in the long term, and if the empowerment direction is similar to that of a gas token, it will inevitably weaken TON itself, and the empowerment direction is also tricky
As for the subsequent opportunities of NOT?
Price trend: The current cryptocurrency market shows a strong upward trend. The price has soared in 24 hours, reaching a high of $0.012731, and the lowest is only $0.005213. The current price has reached $0.012328. This rapid price fluctuation may reflect the sharp increase in market demand for the cryptocurrency, or investors' optimistic expectations for its future prospects.
Trading volume: In the past 24 hours, the trading volume reached 1.113 billion NOT and 421 million USDT, showing the high market activity.Such a large trading volume usually represents a strong interest in the cryptocurrency and provides strong momentum for the price to continue to rise.
Change: The cryptocurrency has seen an astonishing increase of +58.47% in the past 24 hours, highlighting its strong upward momentum. This huge increase may attract more investors to the market, which in turn drives the price up further. $NOT