LIVEThe Notcoin team has initiated token burning within other Telegram mini-applications, such as the #Catizen game, which garnered 50,000,000 NOT within 3 days and subsequently burned 10% of that, equating to 5,000,000 NOT. This aligns with the model announced in April, providing NOT with utility in the Telegram mini-application ecosystem and a transparent burning mechanism. With all tokens likely minted and no new ones forthcoming, coupled with ongoing burning, a deflationary model seems probable. This development might challenge detractors of the project. The focus now is on maintaining the stability of the Telegram mini-application ecosystem while continuing NOT's integration into it. Technically, the NOT course seems promising, with recent breaks in downtrends since May 17th. While there's been a recent uptick of +12%, corrections have occurred, notably around the $0.006109 volume level and EMA 50 on the two-hour time frame chart. Given the tokenomics, selling pressure is expected to persist. To spur growth and return to Binance listing start prices, three bullish signals are required: breaking the EMA 50, consolidating above $0.006804, and breaking the upward trend since the May 16th listing date. $NOT.
