The post Notcoin (NOT) Price Aims for New ATH Fueled By Network Development and Exponential User Growth appeared first on Coinpedia Fintech News
Amid the ongoing crypto recovery led by Bitcoin (BTC) price following a general capitulation last week, the Toncoin-built meme coin, Notcoin (NOT), has signaled the onset of bullish sentiment. During the mid-London session, the Telegram-based GamiFi project has already risen around 69 percent in the past three days to trade around $0.0171 on Monday.
The mid-cap altcoin, with a fully diluted valuation of about $1.7 billion, has seen its daily average traded volume spike over 10 percent in the past 24 hours to about $1.2 billion at the time of this report.
What’s Fueling Notcoin Price Growth?
The Notcoin project has significantly benefited from Telegram’s global recognition as a social networking platform. Already, major crypto exchanges, including Binance and Bybit, have listed NOT token.
According to on-chain data, the Notcoin project has around 2.44 million holders and a total liquidity of nearly $5 million in TON and $1.5 million in Tether USDT.
The Notcoin project has gained traction as a community-driven token that aims to onboard users into the Web3 ecosystem through its tap-to-earn game.
In a bid to ensure a continued web3 adoption, the project launched Notcoin Explore last week. The Notcoin Explore has already recorded more than 200 web3 projects seeking to advertise through its 22.5 million users.
Midterm NOT Price Target
Although the meme coin industry has been under bearish stress for the last few weeks, NOT price has significantly benefited from the growing Toncoin (TON) ecosystem. From a technical standpoint, NOT price has closed above the 50-day moving average (MA) after the Relative Strength Index (RSI) rebounded from the oversold level in the last few days.
In the short term, the NOT price is aiming for $0.022, which coincides with the daily 0.618 Fibonacci Retracement.