Notcoin (NOT), the popular Telegram gaming token, has seen a significant increase in trading activity amid the market recovery. Although the token has lost 14% in value over the past month, its value has rebounded by 14% over the past week and is currently trading stably at around $0.01614. Technical indicators indicate slightly bullish market sentiment, and if the upward trend continues, Notcoin could reach $0.05 by the end of the month.
Key point analysis
Notcoin has seen a significant increase in trading activity recently, with the current price stabilizing around $0.01614.
Over the past 24 hours, trading volume has dropped 44%, totaling $502 million.
Notcoin rose from $0.00912 to $0.01712 over the weekend but encountered resistance at this price.
Although it lost 14% of its value last month, it rebounded by the same 14% in the past week.
The market is slightly bullish with the RSI at 59, suggesting a slight bullish momentum.
MACD shows that buying activity may slow down, and the AO indicator has weakened momentum recently.
It is predicted that if the market sentiment continues to be bullish, Notcoin can break through $0.017 and may reach $0.05.
Advice from Ethereum co-founder Vitalik Buterin
In a keynote speech at the ETHCC in Brussels, Ethereum co-founder Vitalik Buterin laid out several key recommendations to improve the Ethereum network’s preparedness and resilience to 51% attacks.
Key recommendations
Automated response: Prepare to automatically respond to 51% attacks, which will reduce the pressure on the community in the face of attacks. The current plan mainly relies on community consensus, but Buterin believes that pre-planning for automated responses is a better option.
Light client adoption: Increasing the use of light clients at the Ethereum infrastructure layer, especially in wallets, can improve the decentralized nature of the network and user experience.
zk-EVM verification support: Technically support zk-EVM verification to enhance the scalability of the second-layer network and improve the scalability and performance of Ethereum.
Simplify the protocol: Simplify the protocol to make it easier for developers and users to use the Ethereum network, lower the barrier to use, and promote wider adoption and innovation.
Summarize
Buterin’s proposal aims to make the Ethereum network more robust and adaptable to future challenges, working from both technical and community governance aspects to improve the network’s security, usability, and scalability.
The Virality of the Dogs Meme Token
Reaching one million users in less than 24 hours, the meme token Dogs on TON has spread at an amazing speed. The gameplay is very simple, users only need to follow the Dogs Bot, and the Bot will airdrop Dogs tokens to users based on the user's Telegram account status.
Why do Dogs spread so quickly?
Simple gameplay: Users only need to follow Dogs Bot in Telegram to automatically calculate and obtain Dogs rewards. The simple interface and easy operation lower the threshold for user participation, especially Web2 users, who do not need to understand complex cryptocurrency operations.
Invitation rebate mechanism: Users can get rebate rewards by inviting new users to participate, which greatly promotes viral spread.
Celebrity Effect: The Dogs Meme Coin was inspired by the puppy Spotty drawn by Telegram founder Pavel Durov at a charity auction, which is similar to other successful Meme Coins such as Floki that rely on celebrity pet images.
Future development of the project
After accumulating a large number of users, Dogs will gradually embed crypto-related functions, such as access to wallets. With traffic and brand, Dogs will have more opportunities to develop in the crypto industry, such as referring to Shib's development path, establishing a decentralized exchange or a second-layer network, etc.
Integration of TON and Telegram ecosystem
The fact that Dogs has accumulated over 1 million users in less than 24 hours shows the potential and explosive power of TON and Telegram ecosystems. However, if Web3 projects continue to use the traffic monetization method of Web2, they lack innovation and it is difficult to realize the true value of Web3.
Conclusion
How to develop real Web3 products after TON and Telegram have gained a lot of traffic and give full play to the spirit of Web3 in protecting private property and confirming personal data rights is a question that Dogs, other projects in the TON ecosystem and TON itself need to think about and explore. This will determine the future development direction of TON.
#DOGS #TON生态 #telegram #web3动态 #meme板块关注热点 $PEPE $DOGE $SHIB