The recently launched Telegram-linked meme token Notcoin (NOT) is continuously gaining massive attention from crypto enthusiasts as its price has surged significantly in the last few days. Following this surge, on May 30, 2024, Notcoin made a post on X (previously Twitter) highlighting that Notcoin onchain holders now outperform Shiba Inu, Bonk, and Pepe onchain holders.
Notcoin outperformed SHIB, BONK, and PEPE
According to the post on X, Notcoin onchain holders have reached 1.6 million, whereas Shiba Inu, Bonk, and Pepe onchain holders stand at 1.4 million, 731k, and 235k respectively. This surge in onchain holders highlights the interest and confidence of investors, traders, and institutions in the Notcoin meme coin.
And one more thingOnchain holdersNotcoin 1.6MShibainu 1.4MBonk 731kPepe 235k pic.twitter.com/XIFqMgvVzW
— Notcoin Ø (@thenotcoin) May 30, 2024
In addition to this increase in onchain holders, the price of Notcoin has also surged significantly in the last 24 hours. A potential reason for this surge is the recent special offers for staking that Notcoin was offering today, although the stake offer has now ended.
Currently, the Notcoin native token (NOT) is trading near $0.0116 and has experienced a massive 28% increase in the last 24 hours. Looking at the performance of NOT tokens over a longer period, they have experienced a 130% increase in the last 7 days, although they are still down by 20% over the last 30 days. This price movement highlights investors’ interest and confidence in the NOT token.
NOT token technical analysis
According to expert technical analysis, the NOT token is looking bullish as it recently gave a breakout and had a daily candle closing for the first day. Continuous support from investors, traders, and users signals a bullish trend. Additionally, another reason the NOT token looks bullish is the approval of a spot Ethereum ETF (Exchange-Traded Fund) by the United States Securities and Exchange Commission (SEC). The NOT token is built on the Ethereum blockchain.
In contrast, other top meme coins like Dogecoin (DOGE), Shiba Inu (SHIB), Pepe (PEPE), dogwifhat (WIF), Bonk (BONK), and others are currently struggling to gain momentum. Over the last 24 hours, DOGE, SHIB, PEPE, WIF, and BONK have experienced a 3.54%, 2.5%, 4.5%, 7.5%, and 10% decline respectively.
This data shows that Notcoin has not only outperformed SHIB, BONK, and PEPE in terms of onchain holders but has also outperformed them in terms of price surge, consistently doing so for the last few days.