There is a cryptocurrency that is very popular these days: NOTCoin!

The project has surpassed its predecessors, including Shib, Bonk, and PEPE!

According to data from Coingecko, the token NOT of Telegram's game project Notcoin had a total transaction volume of US$4.667 billion in 24 hours, ranking fourth in the total transaction volume of the entire network, second only to USDT, Bitcoin and Ethereum!

Understand the hot fried chicken NOT

Notcoin is a Telegram-based game that allows you to easily earn in-game tokens by simply clicking on the coin icon. Its goal is to attract more people to the world of cryptocurrency in an interesting way and simplify the tedious process of token trading.

Track analysis:

Gamified Finance (GameFi) is an innovative form that perfectly combines blockchain technology, cryptocurrency and game mechanics, aiming to achieve the growth of financial value through gaming experience.

It is like an amusement park in the cryptocurrency world. Notcoin’s Telegram has 7 million subscribers. The secret of its soaring price is that 78% of the supply is in the hands of community miners. The market hype is no longer a superficial “stalk”, but a real boost to the development of the gaming industry.

Then someone may ask: Will there be projects like NOT in the future?

The only answer is: 👀近qu1n+ 威: L20240098, maybe, but the chance of replicating success is not easy.

Not Why the surge?

  • Mortgage function

  • The project party destroys NOT tokens

  • Market makers push up prices

One reason for this is the reduction in circulating supply through the staking feature, as well as token burns by ecosystem projects. Approximately 18 million $TON (about $350,000) was burned and permanently removed from circulation (reducing selling pressure).

So, will the rally continue?

It is hard to say, more liquidity may flow from TON to NOT because NOT is now regarded as a blue chip ecosystem token.

As we all know, NOT is the popular social click game token on Telegram. The game later added leaderboards and team features, which is equivalent to $TON providing power for $NOT. After all, it is backed by Telegram, which has 900 million monthly active users.

TON has always been the only public chain that Telegram openly supports. With its deep integration with Telegram, TON will continue to benefit from Telegram's huge user base and traffic entrance. Telegram is committed to building a free, private, decentralized digital ecosystem by supporting TON.

also:

  • Listed and supported on Binance

  • 100% of tokens in circulation

  • Leveraged bets on the TON ecosystem

From a separate perspective, Notcoin's profit-making method is equivalent to "striking back". It needs to activate enough users through airdrops, and go online on mainstream exchanges to obtain sufficient liquidity, in order to truly realize the operational value with market brick movers and the gaming value of gamblers. According to the traditional market view, 60% of the market belongs to the leader, 20% to the second, and the rest of the market is divided among others.

This zero-threshold, low-cost mining method does not allow individual users to obtain high profits. Converting ordinary users into paying users requires additional screening and conversion.

For example, Pepe has 6.1 billion FDV and 230,000 currency-holding addresses; WIF has 3.3 billion FDV and 140,000 currency-holding addresses; Slerf has 61,000 currency-holding addresses and 155 million FDV.

Notcoin has been developing for more than half a year, with a market value of 1.2 billion US dollars, 35 million active users, and 1.59 million coin holding addresses.

To achieve the second place and a valuation of 400 million, at least 20 million interactive accounts and 900,000 coin holding addresses are required.

TON is a layer 1 blockchain network originally designed by Telegram and continuously developed by the open source community. Telegram stands out for its uniqueness among the world's leading communication tools, not only embodying the core concept of cryptocurrency, but also having an important distribution channel. Telegram's monthly downloads often exceed 10 times that of its closest competitor Signal, and in January 2024, its downloads exceeded 36.7 million times!

Telegram itself has attracted more than 1.3 billion registered users worldwide by adhering to freedom of speech and protecting user privacy, of which nearly 900 million are monthly active users. Most of these users are distributed in Asia, Europe, South America and the Middle East. They have obvious retail characteristics and strong demand for peer-to-peer payments, providing an ideal conversion group for Web3 projects. These characteristics of Telegram provide great advantages in user acquisition in the Web3 field.

TON has a multi-component ecosystem that includes the TON Blockchain, TON Storage, TON DNS, and TON Services, all of which are integrated together to operate seamlessly.

In this ecological environment, Notcoin has quickly risen and become a hot topic among Telegram users. As a social click game based on Telegram, Notcoin allows players to obtain in-game currency with a simple click. Its highly interactive and easy-to-use features make it a star project in the TON ecosystem.

However, despite this, it is still just a MEME token without any real application.

Therefore, no one can predict the future development of NOT.