$NOT #Notcoinnews Will $NOT Reach $1 in 2024?
#Notcoin (NOT) is a Web3 gaming project that has quickly gained popularity since its launch earlier this year.
Recently, Notcoin's price jumped nearly 60% on May 28, 2024, pushing it into the Top 100 cryptocurrencies with a market cap of $990 million. Its trading volume also increased by over four times, reaching $1 billion, outperforming popular meme coins like Floki and Bonk.
This rapid growth has led many to wonder if Notcoin could reach $1 in 2024. Let’s look at why this might happen.
In the past week, Notcoin’s price has risen by over 72.42% to $0.006884. It has strong support at $0.006341 and resistance at $0.009762 and $0.010947. The price is currently above the 10-day moving averages.
The RSI (Relative Strength Index) at 79.79 shows the coin is overbought. Open interest in Notcoin rose from $44 million to $101 million in 24 hours. Despite market corrections, investors are favoring long positions, with short liquidations over $4.4 million, indicating a bullish trend.
For Notcoin to reach $1, it needs a massive gain of 10,635.4% and a market cap over $102.71 billion, putting it in competition with big names like BNB, Solana, and XRP.
Here are the main reasons why Notcoin could reach $1:
1. Integration with TON Ecosystem: This allows easy integration with other TON-based apps, expanding its reach.
2. Strategic Marketing: Efforts to boost its social media presence and create positive sentiment.
3. Real-World Value: Plans to make Notcoin a real token on the TON blockchain, giving it real monetary value.
4. Major Exchange Listings: Listed on major exchanges like Binance, ByBit, and OKX, increasing its accessibility.
5. Successful Airdrop: Over 80.2 billion NOT tokens distributed, attracting more users.
6. Staking Options: Potential staking mechanisms to earn interest on NOT tokens, encouraging long-term engagement.
With these developments, Notcoin has strong potential for growth. If the market sentiment stays positive, Notcoin could reach the $1 mark in 2024🚀