How much do you think $NOT or #Notcoin can increase to? This is a question that many investors have asked in the past few days when NOT from a worthless token is earned very simply by Tap to Earn. And now NOT or Notcoin has increased more than 25 times in 2 weeks since it was listed on OKX exchange, ranking TOP1 in the most interested Tokens in 24 hours.
So what does NOT Coin have?
NOT Coin is not the first meme coin on the TON system, but it wasn't until NOT - that the form of making money Airdrops through Tap to earn became widely known. Currently NOT has more than 40 million users and this is an extremely large number. To help you understand how large the number of #NOT Coin users and the NOT community is, take a look at #Binance - the world's Top 1 exchange, established in 2017 but currently only has nearly 200 million users. Calculated if the number of Binance users who own Notcoin and trade Notcoin accounts for 1/5 of the number of users here.
With a large number of users, NOT Coin is also considered Telegram's darling - helping Telegram bring in many users. Therefore, NOT continuously receives media support from Telegram during the process of developing and listing the exchange. This also helps a lot for NOT Coin's success up to now.
Technical analysis of NOT Coin
As its name suggests, NOT has almost “nothing” to analyze. NOT has only been listed for about 20 days. Therefore, there is not enough data to calculate indexes such as MA50 or MA100 or MACD frame D1. Because NOT is so new, there will be no clear resistance or support for NOT at the present time.
If viewed in a smaller time frame, specifically H4, NOT is in a strong uptrend supported by both MACD and MA20.
How much can NOT or Notcoin increase to?
It is very difficult to answer this question for you. However, look at the number of Notcoin users and the current capitalization of other Memecoins. NOT has a capitalization of 2 billion dollars but PEPE - a Meme coin that has created a fever before has a capitalization of 6 billion dollars or Shiba has a capitalization of up to 15 billion. Therefore, it is understandable that investors expect the price of NOT Coin to continue to increase in the near future.
However, just like what the NOT Coin Whitepaper wrote before, "Probaly Nothing", so people need to be careful when investing in NOT. For a memecoin to survive and grow over time, a more sustainable user retention mechanism will be needed instead of the price and Tap-to-earn model.
Investing in crypto in general and memecoin in particular always has risks. Investors should research carefully for themselves before making any decisions.
